Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.011%

Price spread now: Binance against SoDEX−0.019%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AVAX-USD	10.736	0.0084	pay 0.0010% / 1h	15m 56s	$18K	$72K	10x
Short	Binance AVAXUSDT	10.734	0.0100	get 0.0100% / 8h	1h 15m	$113.9M	$423.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now −0.019%Rate

Funding earned: $3.36
Price spread: −0.019% → 0.000%: −$1.86
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$16.5
Costs to cover: 0.180%
Break-even: 41.3 days

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 13 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 SoDEX no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	0.47 bp	5.9 bp −$6	13.3 bp −$133	37.2 bp −$3,716	136.3 bp −$68.2K

SoDEX: 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	−0.0198%	1h	10.736	0.000%	$282K	$341K	10x	as long as short
Variational Omni AVAX	−0.0056%	8h	10.732	−0.041%	$2.8M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0029%	1h	10.738	+0.019%	$4.8M	$7.1M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.738	+0.018%	$92K	$119K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.741	+0.049%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0028%	8h	10.730	−0.056%	$12.9M	$32.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.224%	$17K	$152K	12x	as long as short
SoDEX AVAX-USDlong	+0.0084%	1h	10.736	long leg	$18K	$72K	10x
Bybit AVAXUSDT	+0.0086%	8h	10.730	−0.056%	$81.8M	$146.0M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.735	−0.009%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.736	−0.002%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.738	+0.019%	$21K	$446K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.744	+0.075%	$37.3M	$43.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.735	−0.009%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.742	+0.053%	$270K	$129K	10x	as long as short
Binance AVAXUSDTshort	+0.0100%	8h	10.734	−0.019%	$113.9M	$423.7M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.731	−0.047%	$18.9M	$112.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.736	0.000%	$45.5M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.737	+0.009%	$13.8M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.731	−0.047%	$32.5M	$48.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.729	−0.065%	—	$54.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.736	0.000%	$438K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.747	+0.102%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.740	+0.037%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.736	0.000%	$135K	$353K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.742	+0.056%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.763	+0.255%	$11K	$768K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.736	−0.005%	$326K	$907K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.739	+0.028%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.726	−0.090%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.732	−0.040%	$247K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.736	−0.002%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.747	+0.102%	$857K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.734	−0.019%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.735	−0.006%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.738	+0.015%	$227K	—	120x	as long as short