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

AVAX

all AVAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%
Price spread now: Pacifica against BingX+0.085%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$380.377% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.044%+$4 on $10k
Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.085%, 7d avg +0.033%
Together, before fees−0.011%+ Points / potential airdropPacifica: Active · farm board−$1 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: Pacifica is 0.053% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX AVAX-USDT11.2640.0100pay 0.0100% / 8h2h 20m$90.3M
ShortPacifica AVAX11.2740.0100get 0.0013% / 1h20m 40s$299K$122K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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

Funding earned
$0
Price spread: +0.085% → +0.033%
$5.25
Slippage, 4 orders
−$19.71
Fee BingX: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$32.46
Costs to cover
0.377%
Break-even
never at this rate
Slippage from BingX: live order book, 3 min ago; Pacifica: live order book, 3 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 BingX live order book, 3 min ago0.88 bp5.9 bp −$65.9 bp −$599.0 bp −$90125.1 bp −$12.6K
Sell Pacifica live order book, 3 min ago7.51 bp14.2 bp −$14doesn't fitdoesn'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
Deribit AVAX_USDC-PERPETUAL−0.0281%1h11.284+0.178%$5.3M$9.4M25xas long as short
Variational Omni AVAX−0.0130%8h11.287+0.205%$2.9M$2.1Mas long as short
Nado AVAX-PERP−0.0088%1h11.281+0.151%$298K$960K10xas long as short
Injective AVAX/USDC PERP−0.0043%1h11.260−0.036%$17K$152K12xas long as short
dYdX AVAX-USD0.0000%1h11.275+0.101%$99K$115K10xas long as short
gTrade (Gains Network) AVAX/USDL +0.0002% / S −0.0004%1h11.283+0.166%$16K150xas long as short
Extended AVAX-USD+0.0048%1h11.257−0.061%$672K$2.2M25xas long as short
Gate AVAX_USDT+0.0053%8h11.273+0.080%$12.6M$40.2M75xas long as short
Coinbase International AVAX-PERP-INTX+0.0056%1h11.298+0.302%$915K$8.2M50xas long as short
OKX AVAX-USDT-SWAP+0.0069%8h11.259−0.044%$20.0M$148.3M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex AVAXUSDT+0.0077%8h11.290+0.231%$30.2M$4.9M50xas long as short
MEXC AVAX_USDT+0.0089%8h11.263−0.009%$55.5M$110.1M200xas long as short
Binance AVAXUSDT+0.0089%8h11.257−0.062%$120.6M$537.5M75xas long as short
Lighter AVAX+0.0096%1h11.269+0.045%$1.3M$3.2M10xas long as short
Popdex AVAXUSDT+0.0096%1h11.262−0.018%$9K$705K50xas long as short
Paradex AVAX-USD-PERP+0.0097%8h11.259−0.044%$13K$76620xas long as short
Aster AVAXUSDT+0.0100%8h11.278+0.124%$2.3M$1.9M75xas long as short
Pacifica AVAXshort+0.0100%1h11.274+0.085%$299K$122K10x
Bybit AVAXUSDT+0.0100%8h11.262−0.018%$89.3M$154.9M75xas long as short
KuCoin AVAXUSDTM+0.0100%8h11.272+0.071%$16.1M$24.5M75xas long as short
Bitget AVAXUSDT+0.0100%8h11.262−0.018%$34.7M$61.3M75xas long as short
BingX AVAX-USDTlong+0.0100%8h11.264long leg$90.3M
Backpack AVAX_USDC_PERP+0.0100%1h11.292+0.249%$334K$563K15xas long as short
GRVT AVAX_USDT_Perp+0.0100%8h11.323+0.524%$358K$909K10xas long as short
ApeX Omni AVAXUSDT+0.0100%1h11.325+0.542%$182K$683K50xas long as short
Polymarket Perps AVAX-USD+0.0100%1h11.284+0.178%$131K$479K10xas long as short
Orderly PERP_AVAX_USDC+0.0100%8h11.290+0.231%$203K$302K20xas long as short
SunX AVAX-USDT+0.0100%8h11.312+0.422%$12K$719K20xas long as short
SoDEX AVAX-USD+0.0100%1h11.287+0.204%$19K$72K10xas long as short
HTX AVAX-USDT+0.0100%8h11.278+0.129%$362K$1.1M75xas long as short
Aevo AVAX-PERP+0.0104%1h11.287+0.200%$259K3xas long as short
BloFin AVAX-USDT+0.0209%8h11.289+0.222%$5.0M$8.6M100xas long as short
Reya AVAXRUSDPERP+0.0244%1h11.276+0.109%$1K20xas long as short
Kraken Futures PF_AVAXUSD+0.0254%1h11.298+0.298%$4.6M$13.7M50xas long as short
GMX AVAX/USD [AVAX-USDC]L +0.0405% / S −0.0245%1h11.282+0.164%$243K120xas long as short
Hyperliquid AVAX+0.0620%1h11.298+0.302%$44.1M$58.7M10xas long as short