Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%

Price spread now: Pacifica against Bybit−0.047%7-day average +0.045% · 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−$51as in the Price arb table

costs, in and out, $10k−$420.417% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.047%, 7d avg +0.045%

Together, before fees+0.222%+ Points / potential airdropPacifica: Active · farm board+$22 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 0.092% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVAXUSDT	11.328	0.0100	pay 0.0100% / 8h	2h 09m	$90.8M	$155.9M	75x
Short	Pacifica AVAX	11.323	0.0100	get 0.0013% / 1h	9m 10s	$301K	$121K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. 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 BybitbpFee PacificabpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → +0.045%: −$9.19
Slippage, 4 orders: −$22.69
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$50.88
Costs to cover: 0.417%
Break-even: never at this rate

Slippage from Bybit: live order book, 10 min ago; Pacifica: live order book, 14 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 Bybit live order book, 10 min ago	0.44 bp	7.6 bp −$8	20.5 bp −$205	53.8 bp −$5,384	doesn't fit
Sell Pacifica live order book, 14 min ago	7.51 bp	14.2 bp −$14	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
Deribit AVAX_USDC-PERPETUAL	−0.0103%	1h	11.324	−0.035%	$5.4M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0092%	8h	11.306	−0.192%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0078%	1h	11.322	−0.053%	$299K	$959K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.260	−0.600%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.323	−0.041%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.323	−0.046%	$16K	—	150x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.327	−0.009%	$994K	$8.3M	50x	as long as short
Gate AVAX_USDT	+0.0059%	8h	11.325	−0.026%	$12.7M	$40.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0089%	8h	11.326	−0.018%	$20.4M	$149.4M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.323	−0.043%	$1.3M	$3.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	11.322	−0.053%	$10K	$702K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.319	−0.076%	$13K	$766	20x	as long as short
MEXC AVAX_USDT	+0.0098%	8h	11.327	−0.009%	$55.9M	$110.3M	200x	as long as short
Binance AVAXUSDT	+0.0098%	8h	11.325	−0.031%	$121.5M	$537.1M	75x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.322	−0.051%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	11.323	−0.047%	$301K	$121K	10x
Bybit AVAXUSDTlong	+0.0100%	8h	11.328	long leg	$90.8M	$155.9M	75x
KuCoin AVAXUSDTM	+0.0100%	8h	11.328	0.000%	$16.5M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.326	−0.018%	$34.9M	$61.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.326	−0.018%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.328	0.000%	$339K	$560K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.314	−0.124%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.313	−0.132%	$182K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.325	−0.026%	$133K	$482K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.332	+0.035%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.351	+0.207%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.324	−0.035%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.322	−0.057%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.326	−0.018%	$30.3M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.322	−0.052%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.319	−0.079%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0218%	8h	11.320	−0.071%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.323	−0.043%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0253%	1h	11.335	+0.064%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.322	−0.053%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0676%	1h	11.344	+0.141%	$44.1M	$58.5M	10x	as long as short