Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0109%/8h= −11.9% APRpaid last 24h −0.034%

Price spread now: Paradex against Coinbase International−0.006%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	10.848	0.0208	pay 0.0026% / 1h	48m 34s	$859K	$5.1M	50x
Short	Paradex AVAX-USD-PERP	10.847	0.0099	get 0.0099% / 8h	5h 48m	$12K	$62	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$22.85
Price spread: −0.006% → 0.000%: −$0.63
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$37.48
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 3 min ago; Paradex: no order-book sample. Net counts fees only.

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 Coinbase International live order book, 3 min ago	3.69 bp	12.7 bp −$13	18.0 bp −$180	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AVAX on 36 exchanges

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
Variational Omni AVAX	−0.0145%	8h	10.831	−0.159%	$3.0M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0111%	8h	10.849	+0.009%	$14.5M	$26.7M	75x	as long as short
SoDEX AVAX-USD	−0.0069%	1h	10.843	−0.046%	$18K	$67K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.846	−0.014%	$3.7M	$10.9M	50x	as long as short
Bybit AVAXUSDT	−0.0053%	8h	10.848	0.000%	$84.6M	$131.4M	75x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0027%	1h	10.845	−0.028%	$5.0M	$6.6M	25x	as long as short
Phemex AVAXUSDT	−0.0013%	8h	10.843	−0.046%	$28.9M	$5.6M	50x	as long as short
Nado AVAX-PERP	−0.0009%	1h	10.846	−0.018%	$276K	$299K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.853	+0.048%	$92K	$100K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.884	+0.332%	$23K	—	150x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.811%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0091%	8h	10.851	+0.028%	$19.3M	$101.8M	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.849	+0.010%	$1.2M	$1.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.849	+0.009%	$23K	$438K	50x	as long as short
Paradex AVAX-USD-PERPshort	+0.0099%	8h	10.847	−0.006%	$12K	$62	20x
Hyperliquid AVAX	+0.0100%	1h	10.866	+0.166%	$36.2M	$37.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.848	+0.003%	$2.2M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.853	+0.046%	$273K	$105K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.851	+0.028%	$114.1M	$372.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.852	+0.037%	$52.4M	$69.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.852	+0.037%	$14.2M	$18.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.853	+0.046%	$33.1M	$43.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.850	+0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.847	−0.009%	$438K	$521K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.881	+0.301%	$342K	$1.5M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.845	−0.028%	$174K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.856	+0.074%	$137K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.849	+0.009%	$235K	$217K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.870	+0.199%	$12K	$774K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.836	−0.112%	$325K	$919K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.844	−0.033%	$617K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.836	−0.112%	$249K	—	3x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0208%	1h	10.848	long leg	$859K	$5.1M	50x
BloFin AVAX-USDT	+0.0220%	8h	10.844	−0.037%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.832	−0.144%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.856	+0.073%	$229K	—	120x	as long as short