Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h −0.008%

Price spread now: Backpack against Paradex−0.002%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AVAX-USD-PERP	10.887	0.0099	pay 0.0099% / 8h	5h 55m	$12K	$62	20x
Short	Backpack AVAX_USDC_PERP	10.887	0.0100	get 0.0013% / 1h	55m 32s	$440K	$524K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee BackpackbpOrdersPrice spread, now −0.002%Rate

Funding earned: $0.16
Price spread: −0.002% → 0.000%: −$0.24
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$14.08
Costs to cover: 0.140%
Break-even: 630.2 days

Slippage unknown: Paradex: no order-book sample; Backpack: live order book, 56 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell Backpack live order book, 56 min ago	0.46 bp	8.3 bp −$8	43.5 bp −$435	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AVAX on 36 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AVAX	−0.0140%	8h	10.876	−0.106%	$3.1M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0105%	1h	10.883	−0.039%	$19K	$68K	10x	as long as short
Gate AVAX_USDT	−0.0101%	8h	10.887	−0.002%	$14.6M	$26.6M	75x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.886	−0.013%	$3.8M	$10.9M	50x	as long as short
Bybit AVAXUSDT	−0.0038%	8h	10.887	−0.002%	$84.9M	$132.2M	75x	as long as short
Phemex AVAXUSDT	−0.0034%	8h	10.880	−0.067%	$29.0M	$5.6M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.896	+0.084%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.884	−0.030%	$5.0M	$6.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.892	+0.046%	$23K	—	150x	as long as short
Nado AVAX-PERP	+0.0012%	1h	10.872	−0.140%	$276K	$300K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.169%	$17K	$151K	12x	as long as short
Lighter AVAX	+0.0096%	1h	10.890	+0.030%	$1.2M	$1.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.890	+0.025%	$23K	$438K	50x	as long as short
OKX AVAX-USDT-SWAP	+0.0098%	8h	10.888	+0.007%	$19.4M	$102.9M	50x	as long as short
Paradex AVAX-USD-PERPlong	+0.0099%	8h	10.887	long leg	$12K	$62	20x
Aster AVAXUSDT	+0.0100%	8h	10.889	+0.017%	$2.2M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.893	+0.049%	$274K	$122K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.891	+0.034%	$115.1M	$373.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.892	+0.043%	$53.3M	$69.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.893	+0.053%	$14.3M	$18.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.887	−0.002%	$33.1M	$43.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.888	+0.007%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERPshort	+0.0100%	1h	10.887	−0.002%	$440K	$524K	15x
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.909	+0.199%	$343K	$1.5M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.913	+0.236%	$175K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.879	−0.076%	$137K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.887	−0.002%	$235K	$217K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.905	+0.160%	$12K	$772K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.887	−0.001%	$327K	$948K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.884	−0.026%	$618K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.884	−0.026%	$250K	—	3x	as long as short
Hyperliquid AVAX	+0.0114%	1h	10.903	+0.145%	$36.2M	$38.1M	10x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.924	+0.337%	$863K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.887	−0.002%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.876	−0.100%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.886	−0.015%	$230K	—	120x	as long as short