Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.274%

Price spread now: Injective against Binance−0.009%7-day average −0.181% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$970.972% of the position

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.458%−$46 on $10k

Price spread, last 4 days (all we have)+0.503%+$50 · spread now −0.009%, 7d avg −0.181%

Together, before fees+0.045%+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.172% dearer against Binance than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.181%): +$17 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.6 days. At the pace of the last 7 days (−0.458% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	10.761	0.0100	pay 0.0100% / 8h	7h 34m	$113.4M	$396.2M	75x
Short	Injective AVAX/USDC PERP	10.760	0.0033	get 0.0004% / 1h	34m 46s	$17K	$151K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.009%Rate

Funding earned: −$14
Price spread: −0.009% → −0.181%: $17.22
Slippage, 4 orders: −$87.22
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$94.02
Costs to cover: 0.972%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Injective: live order book, 64 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, 9 min ago	0.46 bp	6.3 bp −$6	13.6 bp −$136	46.1 bp −$4,610	167.2 bp −$83.6K
Sell Injective live order book, 64 min ago	28.12 bp	28.1 bp −$28	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	−0.0266%	1h	10.766	+0.044%	$3.7M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0226%	1h	10.759	−0.014%	$280K	$325K	10x	as long as short
SoDEX AVAX-USD	−0.0084%	1h	10.761	0.000%	$18K	$68K	10x	as long as short
Variational Omni AVAX	−0.0081%	8h	10.763	+0.016%	$3.0M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0072%	8h	10.763	+0.019%	$13.8M	$28.9M	75x	as long as short
Phemex AVAXUSDT	−0.0070%	8h	10.760	−0.009%	$28.7M	$5.7M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.767	+0.051%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.766	+0.046%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.764	+0.031%	$12K	—	150x	as long as short
Injective AVAX/USDC PERPshort	+0.0033%	1h	10.760	−0.009%	$17K	$151K	12x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0084%	8h	10.757	−0.037%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.763	+0.020%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.765	+0.037%	$23K	$468K	50x	as long as short
GRVT AVAX_USDT_Perp	+0.0098%	8h	10.781	+0.186%	$337K	$1.2M	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.777	+0.149%	$35.9M	$40.3M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.770	+0.085%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.767	+0.059%	$271K	$128K	10x	as long as short
Binance AVAXUSDTlong	+0.0100%	8h	10.761	long leg	$113.4M	$396.2M	75x
Bybit AVAXUSDT	+0.0100%	8h	10.760	−0.009%	$84.2M	$137.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.759	−0.019%	$18.9M	$106.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.763	+0.019%	$53.3M	$79.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.764	+0.028%	$13.9M	$21.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.762	+0.009%	$32.9M	$45.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.760	−0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.766	+0.046%	$438K	$535K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.773	+0.112%	$174K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.771	+0.093%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.768	+0.065%	$233K	$239K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.788	+0.255%	$12K	$774K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.764	+0.033%	$334K	$853K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.755	−0.059%	$612K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.756	−0.050%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.770	+0.084%	$854K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.762	+0.009%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.759	−0.020%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.765	+0.037%	$227K	—	120x	as long as short