Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.017%

Price spread now: Extended against Binance−0.030%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 7 days−0.013%−$1 · spread now −0.030%, 7d avg −0.075%

Together, before fees−0.073%+ Points / potential airdropExtended: Active · farm board−$7 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: Extended is 0.046% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	11.147	0.0100	pay 0.0100% / 8h	5h 09m	$119.4M	$430.6M	75x
Short	Extended AVAX-USD	11.144	0.0104	get 0.0013% / 1h	9m 26s	$684K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0.84
Price spread: −0.030% → −0.075%: $4.57
Slippage, 4 orders: −$9.38
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$18.96
Costs to cover: 0.244%
Break-even: 165.0 days

Slippage from Binance: live order book, 4 min ago; Extended: 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 Binance live order book, 4 min ago	0.45 bp	7.3 bp −$7	12.1 bp −$121	36.3 bp −$3,628	143.8 bp −$71.9K
Sell Extended live order book, 4 min ago	0.45 bp	5.5 bp −$5	7.5 bp −$75	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	−0.1374%	1h	11.130	−0.156%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0069%	1h	11.149	+0.019%	$287K	$397K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.163	+0.140%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.152	+0.037%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.150	+0.025%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.168	+0.184%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.150	+0.028%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.150	+0.023%	$16K	$565K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.148	+0.003%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.161	+0.124%	$2.3M	$1.2M	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	11.155	+0.066%	$291K	$114K	10x	as long as short
Binance AVAXUSDTlong	+0.0100%	8h	11.147	long leg	$119.4M	$430.6M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.149	+0.014%	$88.5M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.149	+0.014%	$20.4M	$117.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.152	+0.041%	$12.2M	$35.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.148	+0.005%	$49.0M	$79.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.153	+0.050%	$15.8M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.146	−0.013%	$33.5M	$48.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.150	+0.023%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.162	+0.131%	$330K	$523K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.144	−0.028%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.152	+0.045%	$354K	$822K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.178	+0.274%	$180K	$675K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.150	+0.023%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.168	+0.185%	$196K	$312K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.202	+0.492%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.165	+0.158%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.159	+0.100%	$366K	$866K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.166	+0.167%	$29.8M	$5.7M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.144	−0.030%	$684K	$1.5M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.163	+0.140%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.159	+0.104%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.178	+0.274%	$897K	$5.4M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.145	−0.023%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.162	+0.132%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0590%	1h	11.166	+0.167%	$43.6M	$42.4M	10x	as long as short