Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0054%/8h= −6.0% APRpaid last 24h −0.296%

Price spread now: Injective against Paradex+0.413%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Injective

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

The price spread pays, funding is against you. Injective is 0.413% dearer against Paradex than usual: you sell high and buy low (spread +0.413% now, against zero (this spread has no 7-day history yet)): +$41 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 25 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AVAX-USD-PERP	10.716	0.0088	pay 0.0088% / 8h	1h 28m	$12K	$212	20x
Short	Injective AVAX/USDC PERP	10.760	0.0033	get 0.0004% / 1h	28m 50s	$17K	$152K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.413%Rate

Funding earned: −$11.43
Price spread: +0.413% → 0.000%: $41.33
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $25.88
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Injective: live order book, 15 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 Injective live order book, 15 min ago	32.76 bp	32.8 bp −$33	doesn't fit	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 venues

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
Nado AVAX-PERP	−0.0182%	1h	10.713	−0.021%	$286K	$339K	10x	as long as short
Variational Omni AVAX	−0.0048%	8h	10.697	−0.178%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.706	−0.095%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.709	−0.063%	$4.8M	$7.1M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.704	−0.106%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0028%	8h	10.703	−0.119%	$12.8M	$32.2M	75x	as long as short
Injective AVAX/USDC PERPshort	+0.0033%	1h	10.760	+0.413%	$17K	$152K	12x
Paradex AVAX-USD-PERPlong	+0.0088%	8h	10.716	long leg	$12K	$212	20x
Bybit AVAXUSDT	+0.0088%	8h	10.699	−0.156%	$81.1M	$146.2M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.704	−0.111%	$1.2M	$2.5M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.712	−0.035%	$21K	$426K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.710	−0.057%	$37.3M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.703	−0.118%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.719	+0.033%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.705	−0.100%	$113.7M	$424.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.699	−0.156%	$18.8M	$112.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.702	−0.128%	$45.4M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.702	−0.128%	$13.6M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.701	−0.137%	$32.4M	$48.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.701	−0.137%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.703	−0.119%	$436K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.700	−0.144%	$341K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.712	−0.035%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.710	−0.053%	$136K	$352K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.715	−0.007%	$230K	$346K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.742	+0.243%	$11K	$765K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.704	−0.109%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.683	−0.308%	$337K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.706	−0.091%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.697	−0.175%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.701	−0.137%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.709	−0.062%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.712	−0.035%	$854K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.707	−0.081%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.699	−0.153%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.705	−0.102%	$226K	—	120x	as long as short