Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0118%/8h= +13.0% APRpaid last 24h +0.017%

Price spread now: Paradex 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 Paradex

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 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	10.922	−0.0020	get 0.0002% / 1h	16m 16s	$19K	$68K	10x
Short	Paradex AVAX-USD-PERP	10.920	0.0099	get 0.0099% / 8h	6h 16m	$12K	$62	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.019%Rate

Funding earned: $24.87
Price spread: −0.019% → 0.000%: −$1.93
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $10.94
Costs to cover: 0.120%
Break-even: 3.9 days

Slippage unknown: SoDEX: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

SoDEX and 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
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.927	+0.047%	$3.8M	$11.5M	50x	as long as short
Variational Omni AVAX	−0.0128%	8h	10.917	−0.043%	$3.0M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0086%	8h	10.924	+0.018%	$14.5M	$28.5M	75x	as long as short
Phemex AVAXUSDT	−0.0032%	8h	10.920	−0.018%	$29.1M	$5.5M	50x	as long as short
SoDEX AVAX-USDlong	−0.0020%	1h	10.922	long leg	$19K	$68K	10x
Bybit AVAXUSDT	−0.0016%	8h	10.919	−0.027%	$85.2M	$133.9M	75x	as long as short
Nado AVAX-PERP	−0.0006%	1h	10.918	−0.032%	$277K	$307K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.928	+0.052%	$93K	$110K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.925	+0.027%	$5.0M	$6.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.926	+0.036%	$23K	—	150x	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	−1.483%	$17K	$151K	12x	as long as short
Lighter AVAX	+0.0096%	1h	10.925	+0.026%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.924	+0.018%	$20K	$442K	50x	as long as short
Paradex AVAX-USD-PERPshort	+0.0099%	8h	10.920	−0.019%	$12K	$62	20x
Aster AVAXUSDT	+0.0100%	8h	10.927	+0.044%	$2.3M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.923	+0.009%	$275K	$122K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.925	+0.027%	$115.4M	$380.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.920	−0.018%	$19.5M	$105.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.926	+0.037%	$53.0M	$73.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.930	+0.073%	$14.4M	$19.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.923	+0.009%	$33.2M	$44.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.924	+0.018%	—	$52.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.932	+0.092%	$441K	$535K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.914	−0.073%	$348K	$1.4M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.925	+0.027%	$176K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.927	+0.046%	$138K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.929	+0.064%	$236K	$218K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.952	+0.273%	$12K	$777K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.928	+0.053%	$329K	$949K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.916	−0.057%	$619K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.922	+0.005%	$251K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	10.932	+0.092%	$864K	$5.2M	50x	as long as short
Hyperliquid AVAX	+0.0206%	1h	10.943	+0.192%	$36.3M	$39.0M	10x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.926	+0.037%	$4.8M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.923	+0.011%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.917	−0.044%	$230K	—	120x	as long as short