Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against ApeX Omni+0.012%51s7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.511% of the position

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)−1.237%−$124 · spread now +0.012%, 7d avg −0.036%

Together, before fees−1.234%+ Points / potential airdropPacifica: Active · farm board−$123 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: Pacifica is 0.047% dearer against ApeX Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.036%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	10.681	0.0100	pay 0.0013% / 1h	20m 00s	$172K	$662K	50x
Short	Pacifica AVAX	10.682	0.0100	get 0.0013% / 1h	20m 00s	$268K	$129K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → −0.036%: $4.75
Slippage, 4 orders: −$33.06
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$46.31
Costs to cover: 0.511%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 18 min ago; Pacifica: live order book, 18 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, 18 min ago	6.56 bp	15.7 bp −$16	75.1 bp −$751	doesn't fit	doesn't fit
Sell Pacifica live order book, 18 min ago	5.15 bp	11.8 bp −$12	doesn't fit	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
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.689	+0.073%	$3.8M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0170%	1h	10.681	0.000%	$288K	$329K	10x	as long as short
Variational Omni AVAX	−0.0077%	8h	10.667	−0.135%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.688	+0.066%	$4.8M	$6.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.680	−0.009%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.692	+0.105%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0008%	8h	10.690	+0.084%	$13.2M	$30.8M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.740%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0090%	8h	10.679	−0.016%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0095%	8h	10.691	+0.094%	$81.7M	$139.6M	75x	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	10.690	+0.082%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.685	+0.037%	$25K	$467K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.700	+0.178%	$36.7M	$41.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.691	+0.091%	$2.2M	$896K	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	10.682	+0.012%	$268K	$129K	10x
Binance AVAXUSDT	+0.0100%	8h	10.693	+0.112%	$113.0M	$406.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.693	+0.112%	$18.7M	$107.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.691	+0.094%	$45.4M	$79.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.691	+0.094%	$13.7M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.696	+0.140%	$32.4M	$46.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.690	+0.084%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.696	+0.140%	$436K	$547K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.674	−0.067%	$335K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	10.681	long leg	$172K	$662K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.686	+0.047%	$134K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.695	+0.131%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.717	+0.338%	$12K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.689	+0.075%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.685	+0.038%	$325K	$863K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.691	+0.094%	$28.5M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.692	+0.100%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.684	+0.030%	$245K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.669	−0.112%	$4.6M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.668	−0.122%	$847K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.683	+0.017%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.693	+0.109%	$225K	—	120x	as long as short