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 −0.004%

Price spread now: Phemex against ApeX Omni−0.393%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on ApeX Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 3 days (all we have)+0.321%+$32 · spread now −0.393%, 7d avg 0.000%

Together, before fees+0.279%+$28 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: Phemex is 0.393% cheaper against ApeX Omni than usual: you would sell low and buy high, −$39 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	11.196	0.0100	pay 0.0013% / 1h	50m 16s	$180K	$689K	50x
Short	Phemex AVAXUSDT	11.152	0.0100	get 0.0100% / 8h	7h 50m	$30.0M	$4.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.393%Rate

Funding earned: $0
Price spread: −0.393% → 0.000%: −$39.3
Slippage, 4 orders: −$41.08
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$102.38
Costs to cover: 0.631%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 23 min ago; Phemex: live order book, 4 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, 23 min ago	6.24 bp	13.8 bp −$14	92.1 bp −$921	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	5.36 bp	17.2 bp −$17	26.9 bp −$269	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
Injective AVAX/USDC PERP	−0.1363%	1h	11.110	−0.768%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0199%	1h	11.122	−0.661%	$5.3M	$8.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.140	−0.499%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.133	−0.563%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0005%	1h	11.135	−0.545%	$292K	$859K	10x	as long as short
Gate AVAX_USDT	+0.0088%	8h	11.134	−0.554%	$12.2M	$37.9M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.139	−0.514%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.134	−0.554%	$18K	$647K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.134	−0.558%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.140	−0.503%	$2.3M	$1.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.141	−0.491%	$296K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.131	−0.576%	$118.9M	$502.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.127	−0.616%	$88.6M	$152.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.123	−0.652%	$20.1M	$138.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.135	−0.545%	$48.8M	$88.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.140	−0.500%	$15.5M	$23.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.124	−0.643%	$33.7M	$56.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.133	−0.563%	—	$86.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.142	−0.482%	$356K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.152	−0.395%	$3.0M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.192	−0.034%	$361K	$863K	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	11.196	long leg	$180K	$689K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.137	−0.527%	$131K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.136	−0.536%	$198K	$307K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.166	−0.271%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.120	−0.679%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.135	−0.544%	$360K	$977K	75x	as long as short
Phemex AVAXUSDTshort	+0.0100%	8h	11.152	−0.393%	$30.0M	$4.9M	50x
Extended AVAX-USD	+0.0104%	1h	11.122	−0.659%	$666K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.128	−0.604%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.124	−0.646%	$4.3M	$13.0M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.148	−0.429%	$5.0M	$6.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.133	−0.560%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.131	−0.581%	$901K	$7.3M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.132	−0.574%	$249K	—	120x	as long as short
Hyperliquid AVAX	+0.0652%	1h	11.155	−0.366%	$43.5M	$53.6M	10x	as long as short