Settings8H · net · $10k
Funding arb · Price arb /

AVAX

all AVAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Popdex against ApeX Omni−0.168%57s7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$450.452% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.168%, 7d avg −0.030%
Together, before fees−0.025%−$3 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: Popdex is 0.137% cheaper against ApeX Omni than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.030%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni AVAXUSDT10.7420.0100pay 0.0013% / 1h5m 54s$173K$662K50x
ShortPopdex AVAXUSDT10.7240.0096get 0.0012% / 1h5m 54s$19K$431K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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

Funding earned
−$0.84
Price spread: −0.168% → −0.030%
−$13.72
Slippage, 4 orders
−$28.78
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$59.74
Costs to cover
0.452%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 42 min ago; Popdex: live order book, 43 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 42 min ago5.66 bp16.9 bp −$1774.8 bp −$748doesn't fitdoesn't fit
Sell Popdex live order book, 43 min ago1.89 bp7.0 bp −$721.3 bp −$213doesn't fitdoesn't fit

AVAX on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AVAX/USDC PERP−0.1423%1h10.760+0.168%$17K$152K12xas long as short
Kraken Futures PF_AVAXUSD−0.0278%1h10.738−0.037%$4.2M$11.5M50xas long as short
Nado AVAX-PERP−0.0093%1h10.720−0.209%$285K$340K10xas long as short
Variational Omni AVAX−0.0030%8h10.729−0.125%$2.8M$2.1Mas long as short
dYdX AVAX-USD0.0000%1h10.726−0.153%$89K$117K10xas long as short
Deribit AVAX_USDC-PERPETUAL0.0000%1h10.736−0.056%$4.8M$7.5M25xas long as short
gTrade (Gains Network) AVAX/USDL +0.0002% / S −0.0003%1h10.734−0.072%$12K150xas long as short
Gate AVAX_USDT+0.0041%8h10.745+0.028%$12.5M$33.1M75xas long as short
Bybit AVAXUSDT+0.0080%8h10.751+0.084%$80.7M$147.7M75xas long as short
Lighter AVAX+0.0096%1h10.733−0.086%$1.2M$2.6M10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex AVAXUSDTshort+0.0096%1h10.724−0.168%$19K$431K50x
Paradex AVAX-USD-PERP+0.0097%8h10.721−0.198%$12K$21220xas long as short
Hyperliquid AVAX+0.0100%1h10.762+0.186%$37.7M$44.6M10xas long as short
Aster AVAXUSDT+0.0100%8h10.751+0.080%$2.2M$1.0M75xas long as short
Pacifica AVAX+0.0100%1h10.726−0.149%$269K$131K10xas long as short
Binance AVAXUSDT+0.0100%8h10.756+0.129%$114.7M$434.5M75xas long as short
OKX AVAX-USDT-SWAP+0.0100%8h10.749+0.065%$18.9M$114.6M50xas long as short
MEXC AVAX_USDT+0.0100%8h10.757+0.140%$45.8M$81.1M200xas long as short
KuCoin AVAXUSDTM+0.0100%8h10.748+0.056%$13.2M$23.0M75xas long as short
Bitget AVAXUSDT+0.0100%8h10.752+0.093%$32.6M$49.4M75xas long as short
BingX AVAX-USDC+0.0100%8h10.755+0.121%$6.5Mas long as short
Backpack AVAX_USDC_PERP+0.0100%1h10.752+0.093%$429K$589K15xas long as short
GRVT AVAX_USDT_Perp+0.0100%8h10.738−0.039%$346K$988K10xas long as short
ApeX Omni AVAXUSDTlong+0.0100%1h10.742long leg$173K$662K50x
Polymarket Perps AVAX-USD+0.0100%1h10.731−0.102%$136K$356K10xas long as short
Orderly PERP_AVAX_USDC+0.0100%8h10.740−0.019%$218K$338K20xas long as short
SunX AVAX-USDT+0.0100%8h10.753+0.101%$12K$767K20xas long as short
SoDEX AVAX-USD+0.0100%1h10.733−0.084%$18K$72K10xas long as short
HTX AVAX-USDT+0.0100%8h10.731−0.103%$344K$879K75xas long as short
Phemex AVAXUSDT+0.0100%8h10.727−0.140%$28.6M$5.8M50xas long as short
Extended AVAX-USD+0.0104%1h10.743+0.009%$615K$1.5M25xas long as short
Aevo AVAX-PERP+0.0104%1h10.736−0.053%$247K3xas long as short
Coinbase International AVAX-PERP-INTX+0.0216%1h10.724−0.168%$934K$5.1M50xas long as short
BloFin AVAX-USDT+0.0220%8h10.719−0.214%$4.6M$5.7M100xas long as short
Reya AVAXRUSDPERP+0.0245%1h10.727−0.144%$1K20xas long as short
GMX AVAX/USD [AVAX-USDC]L +0.0444% / S −0.0295%1h10.734−0.072%$227K120xas long as short