Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0038%/8hpaid last 24h +0.032%

Price spread now: Phemex against SoDEX−0.018%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 Phemex

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: +$1 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	10.996	−0.0029	get 0.0004% / 1h	23m 41s	$18K	$72K	10x
Short	Phemex AVAXUSDT	10.994	0.0009	get 0.0009% / 8h	4h 23m	$29.4M	$4.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.018%Rate

Funding earned: $8.01
Price spread: −0.018% → 0.000%: −$1.82
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$13.81
Costs to cover: 0.200%
Break-even: 19.1 days

Slippage unknown: SoDEX: no order-book sample; Phemex: live order book, 5 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 Phemex live order book, 5 min ago	2.28 bp	13.4 bp −$13	21.0 bp −$210	doesn't fit	doesn't fit

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	−0.0306%	1h	10.995	−0.005%	$315K	$976K	10x	as long as short
Variational Omni AVAX	−0.0276%	8h	10.965	−0.278%	$2.9M	$2.0M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0204%	1h	11.001	+0.045%	$5.2M	$10.0M	25x	as long as short
Bybit AVAXUSDT	−0.0099%	8h	10.989	−0.064%	$86.1M	$149.5M	75x	as long as short
OKX AVAX-USDT-SWAP	−0.0065%	8h	10.989	−0.064%	$19.3M	$145.2M	50x	as long as short
Gate AVAX_USDT	−0.0055%	8h	10.997	+0.009%	$12.0M	$40.3M	75x	as long as short
Backpack AVAX_USDC_PERP	−0.0045%	1h	10.996	0.000%	$298K	$544K	15x	as long as short
SoDEX AVAX-USDlong	−0.0029%	1h	10.996	long leg	$18K	$72K	10x
dYdX AVAX-USD	0.0000%	1h	10.992	−0.035%	$84K	$157K	10x	as long as short
Coinbase International AVAX-PERP-INTX	0.0000%	1h	11.006	+0.091%	$811K	$8.3M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.005	+0.083%	$12K	—	150x	as long as short
Phemex AVAXUSDTshort	+0.0009%	8h	10.994	−0.018%	$29.4M	$4.9M	50x
Bitget AVAXUSDT	+0.0028%	8h	10.986	−0.091%	$33.5M	$63.3M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.970	−0.236%	$17K	$68K	12x	as long as short
MEXC AVAX_USDT	+0.0034%	8h	10.988	−0.073%	$49.8M	$114.8M	200x	as long as short
BingX AVAX-USDT	+0.0034%	8h	10.988	−0.073%	—	$94.0M	—	as long as short
Binance AVAXUSDT	+0.0036%	8h	10.989	−0.064%	$117.6M	$551.0M	75x	as long as short
Aster AVAXUSDT	+0.0037%	8h	11.000	+0.040%	$2.2M	$2.1M	75x	as long as short
Extended AVAX-USD	+0.0040%	1h	10.996	−0.002%	$647K	$2.3M	25x	as long as short
Paradex AVAX-USD-PERP	+0.0060%	8h	10.983	−0.114%	$12K	$766	20x	as long as short
Lighter AVAX	+0.0072%	1h	10.989	−0.062%	$1.2M	$3.1M	10x	as long as short
Aevo AVAX-PERP	+0.0088%	1h	10.997	+0.009%	$253K	—	3x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.998	+0.018%	$15K	$740K	50x	as long as short
Pacifica AVAX	+0.0100%	1h	10.993	−0.029%	$297K	$136K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.989	−0.064%	$15.5M	$25.3M	75x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.951	−0.405%	$350K	$819K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.952	−0.400%	$176K	$706K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.999	+0.027%	$113K	$471K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.010	+0.127%	$207K	$328K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.028	+0.295%	$12K	$694K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.998	+0.014%	$349K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0136%	8h	10.991	−0.045%	$5.0M	$9.3M	100x	as long as short
Hyperliquid AVAX	+0.0176%	1h	11.008	+0.109%	$40.9M	$59.6M	10x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	10.993	−0.025%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0339%	1h	11.006	+0.088%	$4.6M	$14.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0409% / S −0.0244%	1h	11.005	+0.078%	$237K	—	120x	as long as short