Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: Binance against ApeX Omni+0.100%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 3 days (all we have)−0.246%−$25 · spread now +0.100%, 7d avg −0.044%

Together, before fees−0.309%−$31 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: Binance is 0.144% dearer against ApeX Omni than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	11.128	0.0100	pay 0.0013% / 1h	29m 18s	$179K	$688K	50x
Short	Binance AVAXUSDT	11.139	0.0100	get 0.0100% / 8h	7h 29m	$118.7M	$485.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → −0.044%: $14.38
Slippage, 4 orders: −$20.2
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.83
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 44 min ago; Binance: live order book, 15 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 ApeX Omni live order book, 44 min ago	6.24 bp	13.8 bp −$14	92.1 bp −$921	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.45 bp	6.3 bp −$6	13.1 bp −$131	39.7 bp −$3,968	119.8 bp −$59.9K

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
Injective AVAX/USDC PERP	−0.1363%	1h	11.080	−0.431%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0050%	1h	11.134	+0.054%	$292K	$830K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.133	+0.047%	$102K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.139	+0.099%	$5.2M	$8.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.137	+0.078%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.139	+0.096%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.137	+0.081%	$17K	$625K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.133	+0.040%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.140	+0.110%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.139	+0.099%	$296K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDTshort	+0.0100%	8h	11.139	+0.100%	$118.7M	$485.4M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.138	+0.090%	$88.7M	$149.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.137	+0.081%	$19.9M	$133.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.136	+0.072%	$12.1M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.138	+0.090%	$48.8M	$88.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.139	+0.099%	$15.3M	$23.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.141	+0.117%	$33.8M	$54.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.139	+0.099%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.137	+0.081%	$356K	$551K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.145	+0.151%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.149	+0.187%	$359K	$851K	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	11.128	long leg	$179K	$688K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.139	+0.099%	$131K	$375K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.148	+0.180%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.166	+0.342%	$12K	$725K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.140	+0.108%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.142	+0.121%	$361K	$951K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.141	+0.117%	$30.0M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.137	+0.077%	$667K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.141	+0.117%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.142	+0.128%	$4.3M	$12.6M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.144	+0.144%	$5.0M	$6.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.135	+0.061%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.132	+0.036%	$904K	$6.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.137	+0.080%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0684%	1h	11.155	+0.243%	$43.5M	$51.0M	10x	as long as short