Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.023%

Price spread now: Coinbase International against BingX+0.329%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on BingX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 3 days (all we have)−0.433%−$43 · spread now +0.329%, 7d avg +0.089%

Together, before fees−0.260%−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.240% dearer against BingX than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDC	11.258	0.0100	pay 0.0100% / 8h	1h 17m	—	$6.5M	—
Short	Coinbase International AVAX-PERP-INTX	11.295	0.0192	get 0.0024% / 1h	17m 55s	$912K	$8.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BingX. 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 BingXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.329%Rate

Funding earned: $19.32
Price spread: +0.329% → +0.089%: $23.99
Slippage, 4 orders: −$29.81
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$6.51
Costs to cover: 0.498%
Break-even: 9.4 days

Slippage from BingX: live order book, 9 min ago; Coinbase International: 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 BingX live order book, 9 min ago	0.89 bp	10.8 bp −$11	25.0 bp −$250	85.3 bp −$8,530	477.9 bp −$239.0K
Sell Coinbase International live order book, 6 min ago	4.88 bp	13.2 bp −$13	19.4 bp −$194	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	−0.0570%	1h	11.250	−0.071%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.261	+0.027%	$5.4M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0038%	1h	11.260	+0.018%	$297K	$894K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.267	+0.078%	$104K	$112K	10x	as long as short
Variational Omni AVAX	+0.0001%	8h	11.275	+0.152%	$3.0M	$2.4M	—	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.264	+0.052%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.262	+0.032%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.262	+0.036%	$18K	$683K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.263	+0.041%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.262	+0.033%	$2.3M	$1.8M	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	11.267	+0.078%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.256	−0.018%	$120.5M	$524.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.256	−0.018%	$89.2M	$157.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.254	−0.036%	$20.3M	$146.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.258	0.000%	$12.4M	$40.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.258	0.000%	$52.1M	$100.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.263	+0.044%	$16.1M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.259	+0.009%	$34.2M	$60.0M	75x	as long as short
BingX AVAX-USDClong	+0.0100%	8h	11.258	long leg	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.259	+0.009%	$361K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.279	+0.187%	$360K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.290	+0.284%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.266	+0.071%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.272	+0.124%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.293	+0.308%	$12K	$732K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.263	+0.044%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.262	+0.040%	$364K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.258	0.000%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.255	−0.024%	$672K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.259	+0.013%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0192%	1h	11.295	+0.329%	$912K	$8.3M	50x
BloFin AVAX-USDT	+0.0220%	8h	11.270	+0.107%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.263	+0.045%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0408% / S −0.0254%	1h	11.264	+0.050%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0623%	1h	11.274	+0.142%	$43.6M	$56.8M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.269	+0.097%	$4.6M	$13.5M	50x	as long as short