Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0012%/8hnext payment +$0.02 per $10,000 · paid last 24h +0.002%

Price spread now: Pacifica against Aevo+0.066%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,062as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,058as in the Price arb table

costs, in and out, $10k−$1,06310.626% of the position

Long on Aevo Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now +0.066%, 7d avg +0.019%

Together, before fees+0.008%+ Points / potential airdropPacifica: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Pacifica is 0.047% dearer against Aevo than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	10.996	0.0088	pay 0.0011% / 1h	6m 39s	$253K	—	3x
Short	Pacifica AVAX	11.004	0.0100	get 0.0013% / 1h	6m 39s	$297K	$118K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Aevo. 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 AevobpFee PacificabpOrdersPrice spread, now +0.066%Rate

Funding earned: $2.52
Price spread: +0.066% → +0.019%: $4.71
Slippage, 4 orders: −$1,038.64
Fee Aevo: 8 bp × 2 orders: −$16
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$1,055.41
Costs to cover: 10.626%
Break-even: 2938.7 days

Slippage from Aevo: live order book, 26 min ago; Pacifica: live order book, 26 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 Aevo live order book, 26 min ago	251.26 bp	514.9 bp −$515	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 26 min ago	5.47 bp	12.5 bp −$13	21.9 bp −$219	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	−0.0294%	1h	11.002	+0.055%	$313K	$960K	10x	as long as short
Variational Omni AVAX	−0.0263%	8h	11.003	+0.063%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0204%	1h	11.000	+0.032%	$5.2M	$9.7M	25x	as long as short
Bybit AVAXUSDT	−0.0076%	8h	10.998	+0.014%	$86.4M	$147.6M	75x	as long as short
OKX AVAX-USDT-SWAP	−0.0055%	8h	10.998	+0.014%	$19.3M	$144.3M	50x	as long as short
Gate AVAX_USDT	−0.0040%	8h	10.999	+0.023%	$12.1M	$40.6M	75x	as long as short
Backpack AVAX_USDC_PERP	−0.0025%	1h	10.999	+0.023%	$297K	$538K	15x	as long as short
SoDEX AVAX-USD	−0.0010%	1h	10.996	−0.005%	$18K	$72K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.008	+0.105%	$84K	$151K	10x	as long as short
Coinbase International AVAX-PERP-INTX	0.0000%	1h	11.005	+0.077%	$811K	$8.1M	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	11.004	+0.071%	$12K	—	150x	as long as short
Extended AVAX-USD	+0.0024%	1h	10.996	−0.003%	$647K	$2.2M	25x	as long as short
Phemex AVAXUSDT	+0.0029%	8h	10.997	+0.005%	$29.5M	$4.8M	50x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.970	−0.241%	$17K	$68K	12x	as long as short
BingX AVAX-USDC	+0.0037%	8h	10.999	+0.023%	—	$6.5M	—	as long as short
MEXC AVAX_USDT	+0.0038%	8h	10.998	+0.014%	$49.5M	$115.1M	200x	as long as short
Binance AVAXUSDT	+0.0040%	8h	10.998	+0.013%	$117.6M	$544.6M	75x	as long as short
Bitget AVAXUSDT	+0.0041%	8h	10.998	+0.014%	$33.8M	$63.0M	75x	as long as short
Aster AVAXUSDT	+0.0054%	8h	10.998	+0.017%	$2.2M	$2.0M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0069%	8h	10.997	+0.008%	$13K	$766	20x	as long as short
Aevo AVAX-PERPlong	+0.0088%	1h	10.996	long leg	$253K	—	3x
Lighter AVAX	+0.0096%	1h	10.998	+0.011%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.996	−0.005%	$16K	$723K	50x	as long as short
Pacifica AVAXshort	+0.0100%	1h	11.004	+0.066%	$297K	$118K	10x
KuCoin AVAXUSDTM	+0.0100%	8h	11.001	+0.041%	$15.5M	$25.2M	75x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.006	+0.085%	$352K	$833K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.004	+0.068%	$177K	$705K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.998	+0.014%	$114K	$471K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.008	+0.105%	$213K	$332K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.029	+0.299%	$12K	$694K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.996	−0.004%	$350K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0155%	8h	11.000	+0.032%	$4.9M	$9.0M	100x	as long as short
Hyperliquid AVAX	+0.0228%	1h	11.016	+0.177%	$41.2M	$59.5M	10x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	10.996	−0.005%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0339%	1h	11.007	+0.093%	$4.6M	$14.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0409% / S −0.0244%	1h	11.004	+0.067%	$237K	—	120x	as long as short