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 +0.008%

Price spread now: Phemex against Binance+0.072%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$480.480% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.544%−$54 · spread now +0.072%, 7d avg +0.026%

Together, before fees−0.523%−$52 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 0.046% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	11.143	0.0100	pay 0.0100% / 8h	5h 03m	$119.1M	$430.1M	75x
Short	Phemex AVAXUSDT	11.151	0.0100	get 0.0100% / 8h	5h 03m	$29.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → +0.026%: $4.57
Slippage, 4 orders: −$26.05
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$43.48
Costs to cover: 0.480%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Phemex: live order book, 6 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, 10 min ago	0.45 bp	7.3 bp −$7	12.1 bp −$121	36.3 bp −$3,628	143.8 bp −$71.9K
Sell Phemex live order book, 6 min ago	8.52 bp	18.4 bp −$18	29.3 bp −$293	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	11.120	−0.206%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.143	0.000%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0063%	1h	11.142	−0.009%	$287K	$395K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.133	−0.091%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.145	+0.021%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.150	+0.067%	$4.3M	$11.4M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.136	−0.066%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.143	0.000%	$16K	$561K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.132	−0.101%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.142	−0.013%	$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	11.139	−0.037%	$290K	$114K	10x	as long as short
Binance AVAXUSDTlong	+0.0100%	8h	11.143	long leg	$119.1M	$430.1M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.145	+0.018%	$88.4M	$137.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.136	−0.063%	$20.4M	$116.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.134	−0.081%	$12.1M	$35.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.138	−0.045%	$48.7M	$79.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.138	−0.045%	$15.6M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.135	−0.072%	$33.5M	$48.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.135	−0.072%	—	$81.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.149	+0.054%	$330K	$521K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.140	−0.024%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.152	+0.080%	$354K	$822K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.148	+0.045%	$179K	$672K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.147	+0.036%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.152	+0.081%	$196K	$312K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.179	+0.325%	$12K	$702K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.146	+0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.146	+0.022%	$365K	$865K	75x	as long as short
Phemex AVAXUSDTshort	+0.0100%	8h	11.151	+0.072%	$29.8M	$5.8M	50x
Extended AVAX-USD	+0.0104%	1h	11.134	−0.084%	$684K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.145	+0.018%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.143	0.000%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.166	+0.206%	$895K	$5.4M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.140	−0.031%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.145	+0.015%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0607%	1h	11.150	+0.063%	$43.5M	$42.4M	10x	as long as short