Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0004%/8hnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: ApeX Omni against Popdex−0.146%7-day average +0.035% · you buy dearer than you sell

to open and close $10k−$38fees + slippage, both legs, in and out

costs, in % of the position0.385%what the two incomes have to cover

Long on Popdex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.116%+$12 on $10k

Price spread, last 3 days (all we have)+0.285%+$28 · spread now −0.146%, 7d avg +0.035%

Together, before fees+0.401%+$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.182% cheaper against Popdex than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	10.931	0.0096	pay 0.0012% / 1h	51m 30s	$13K	$743K	50x
Short	ApeX Omni AVAXUSDT	10.915	0.0100	get 0.0013% / 1h	51m 30s	$176K	$708K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Popdex. 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 PopdexbpFee ApeX OmnibpOrdersPrice spread, now −0.146%Rate

Funding earned: $0.84
Price spread: −0.146% → +0.035%: −$18.18
Slippage, 4 orders: −$22.07
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$55.8
Costs to cover: 0.385%
Break-even: 472.0 days

Slippage from Popdex: live order book, 2 min ago; ApeX Omni: live order book, 44 min ago.

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 Popdex live order book, 2 min ago	0.46 bp	4.6 bp −$5	8.8 bp −$88	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 44 min ago	7.33 bp	14.7 bp −$15	68.4 bp −$684	doesn't fit	doesn't fit

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	−0.0316%	1h	10.911	−0.178%	$318K	$974K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0299%	1h	10.916	−0.137%	$5.1M	$10.0M	25x	as long as short
Variational Omni AVAX	−0.0296%	8h	10.897	−0.314%	$2.9M	$2.0M	—	as long as short
Bybit AVAXUSDT	−0.0160%	8h	10.930	−0.009%	$85.5M	$149.9M	75x	as long as short
Gate AVAX_USDT	−0.0069%	8h	10.926	−0.046%	$11.9M	$40.0M	75x	as long as short
OKX AVAX-USDT-SWAP	−0.0067%	8h	10.929	−0.018%	$18.8M	$145.1M	50x	as long as short
Backpack AVAX_USDC_PERP	−0.0023%	1h	10.916	−0.137%	$302K	$542K	15x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.923	−0.069%	$83K	$157K	10x	as long as short
Coinbase International AVAX-PERP-INTX	0.0000%	1h	10.921	−0.091%	$803K	$8.3M	50x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.920	−0.101%	$12K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0005%	8h	10.912	−0.174%	$29.2M	$4.9M	50x	as long as short
Aster AVAXUSDT	+0.0007%	8h	10.920	−0.098%	$2.2M	$2.1M	75x	as long as short
SoDEX AVAX-USD	+0.0013%	1h	10.914	−0.156%	$18K	$72K	10x	as long as short
Bitget AVAXUSDT	+0.0025%	8h	10.932	+0.009%	$33.4M	$63.4M	75x	as long as short
BingX AVAX-USDC	+0.0032%	8h	10.932	+0.009%	—	$6.5M	—	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	11.170	+2.186%	$17K	$35K	12x	as long as short
MEXC AVAX_USDT	+0.0034%	8h	10.930	−0.009%	$50.3M	$113.7M	200x	as long as short
Binance AVAXUSDT	+0.0035%	8h	10.934	+0.030%	$117.3M	$551.0M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0060%	8h	10.932	+0.008%	$12K	$766	20x	as long as short
Aevo AVAX-PERP	+0.0088%	1h	10.912	−0.174%	$251K	—	3x	as long as short
Lighter AVAX	+0.0096%	1h	10.921	−0.091%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDTlong	+0.0096%	1h	10.931	long leg	$13K	$743K	50x
Pacifica AVAX	+0.0100%	1h	10.928	−0.031%	$295K	$136K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.925	−0.055%	$15.0M	$24.8M	75x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.911	−0.184%	$350K	$815K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	10.915	−0.146%	$176K	$708K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.933	+0.018%	$112K	$473K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.924	−0.064%	$203K	$412K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.952	+0.191%	$12K	$689K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.911	−0.184%	$346K	$1.3M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.931	−0.001%	$608K	$2.2M	25x	as long as short
BloFin AVAX-USDT	+0.0137%	8h	10.936	+0.046%	$5.0M	$9.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	10.930	−0.011%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0262%	1h	10.934	+0.027%	$40.5M	$60.4M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0342%	1h	10.922	−0.083%	$4.4M	$14.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0411% / S −0.0244%	1h	10.927	−0.041%	$235K	—	120x	as long as short