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

AVAX

all AVAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.031%
Price spread now: Binance against Coinbase International−0.107%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$390.387% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.198%−$20 on $10k
Price spread, last 3 days (all we have)+0.215%+$22 · spread now −0.107%, 7d avg −0.060%
Together, before fees+0.017%+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.048% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.060%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International AVAX-PERP-INTX11.1700.0304pay 0.0038% / 1h55m 10s$910K$7.5M50x
ShortBinance AVAXUSDT11.1580.0100get 0.0100% / 8h7h 55m$119.6M$508.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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
−$42.84
Price spread: −0.107% → −0.060%
−$4.77
Slippage, 4 orders
−$18.74
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$86.35
Costs to cover
0.387%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Binance: live order book, 4 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 Coinbase International live order book, 4 min ago3.11 bp13.8 bp −$1418.7 bp −$187doesn't fitdoesn't fit
Sell Binance live order book, 4 min ago0.44 bp6.7 bp −$713.4 bp −$13444.9 bp −$4,490135.1 bp −$67.5K

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
Injective AVAX/USDC PERP−0.1363%1h11.180+0.090%$17K$151K12xas long as short
Gate AVAX_USDT−0.0408%8h11.160−0.090%$12.3M$37.5M75xas long as short
Deribit AVAX_USDC-PERPETUAL−0.0288%1h11.151−0.170%$5.3M$8.8M25xas long as short
dYdX AVAX-USD0.0000%1h11.183+0.115%$103K$105K10xas long as short
gTrade (Gains Network) AVAX/USDL +0.0002% / S −0.0003%1h11.166−0.035%$13K150xas long as short
Nado AVAX-PERP+0.0007%1h11.166−0.031%$293K$873K10xas long as short
Lighter AVAX+0.0096%1h11.156−0.127%$1.2M$3.0M10xas long as short
Popdex AVAXUSDT+0.0096%1h11.169−0.009%$18K$653K50xas long as short
Paradex AVAX-USD-PERP+0.0100%8h11.174+0.038%$13K$76620xas long as short
Aster AVAXUSDT+0.0100%8h11.174+0.032%$2.3M$1.7M75xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica AVAX+0.0100%1h11.182+0.111%$297K$118K10xas long as short
Binance AVAXUSDTshort+0.0100%8h11.158−0.107%$119.6M$508.1M75x
Bybit AVAXUSDT+0.0100%8h11.159−0.098%$88.8M$154.2M75xas long as short
OKX AVAX-USDT-SWAP+0.0100%8h11.161−0.081%$20.1M$140.9M50xas long as short
MEXC AVAX_USDT+0.0100%8h11.159−0.098%$49.4M$87.8M200xas long as short
KuCoin AVAXUSDTM+0.0100%8h11.164−0.054%$15.6M$24.0M75xas long as short
Bitget AVAXUSDT+0.0100%8h11.160−0.090%$34.0M$57.4M75xas long as short
BingX AVAX-USDT+0.0100%8h11.163−0.063%$86.6Mas long as short
Backpack AVAX_USDC_PERP+0.0100%1h11.161−0.081%$357K$563K15xas long as short
Variational Omni AVAX+0.0100%8h11.210+0.358%$3.0M$2.4Mas long as short
GRVT AVAX_USDT_Perp+0.0100%8h11.219+0.439%$361K$863K10xas long as short
ApeX Omni AVAXUSDT+0.0100%1h11.217+0.421%$180K$688K50xas long as short
Polymarket Perps AVAX-USD+0.0100%1h11.1700.000%$131K$440K10xas long as short
Orderly PERP_AVAX_USDC+0.0100%8h11.167−0.027%$203K$303K20xas long as short
SunX AVAX-USDT+0.0100%8h11.195+0.224%$12K$735K20xas long as short
SoDEX AVAX-USD+0.0100%1h11.155−0.134%$19K$72K10xas long as short
HTX AVAX-USDT+0.0100%8h11.168−0.022%$361K$997K75xas long as short
Phemex AVAXUSDT+0.0100%8h11.161−0.081%$30.0M$4.9M50xas long as short
Extended AVAX-USD+0.0104%1h11.151−0.171%$666K$2.1M25xas long as short
Aevo AVAX-PERP+0.0104%1h11.174+0.034%$257K3xas long as short
Kraken Futures PF_AVAXUSD+0.0216%1h11.162−0.075%$4.5M$12.9M50xas long as short
BloFin AVAX-USDT+0.0220%8h11.163−0.063%$5.0M$6.7M100xas long as short
Reya AVAXRUSDPERP+0.0244%1h11.164−0.049%$1K20xas long as short
Coinbase International AVAX-PERP-INTXlong+0.0304%1h11.170long leg$910K$7.5M50x
GMX AVAX/USD [AVAX-USDC]L +0.0435% / S −0.0259%1h11.165−0.044%$249K120xas long as short
Hyperliquid AVAX+0.0595%1h11.178+0.072%$43.6M$55.0M10xas long as short