Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.033%

Price spread now: Binance against Extended+0.064%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now +0.064%, 7d avg +0.066%

Together, before fees+0.095%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AVAX-USD	11.151	0.0104	pay 0.0013% / 1h	55m 06s	$666K	$2.1M	25x
Short	Binance AVAXUSDT	11.158	0.0100	get 0.0100% / 8h	7h 55m	$119.6M	$508.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.064%Rate

Funding earned: −$0.84
Price spread: +0.064% → +0.066%: −$0.22
Slippage, 4 orders: −$7.94
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from Extended: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 4 min ago	0.89 bp	5.1 bp −$5	7.2 bp −$72	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.44 bp	6.7 bp −$7	13.4 bp −$134	44.9 bp −$4,490	135.1 bp −$67.5K

AVAX on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	−0.1363%	1h	11.180	+0.261%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	−0.0408%	8h	11.160	+0.082%	$12.3M	$37.5M	75x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0288%	1h	11.151	+0.001%	$5.3M	$8.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.183	+0.286%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.166	+0.136%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0007%	1h	11.166	+0.140%	$293K	$873K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.156	+0.044%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.169	+0.162%	$18K	$653K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.174	+0.210%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.174	+0.203%	$2.3M	$1.7M	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	11.182	+0.282%	$297K	$118K	10x	as long as short
Binance AVAXUSDTshort	+0.0100%	8h	11.158	+0.064%	$119.6M	$508.1M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.159	+0.073%	$88.8M	$154.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.161	+0.090%	$20.1M	$140.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.159	+0.073%	$49.4M	$87.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.164	+0.117%	$15.6M	$24.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.160	+0.082%	$34.0M	$57.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.163	+0.108%	—	$86.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.161	+0.090%	$357K	$563K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.210	+0.530%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.219	+0.611%	$361K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.217	+0.593%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.170	+0.171%	$131K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.167	+0.144%	$203K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.195	+0.395%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.155	+0.037%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.168	+0.149%	$361K	$997K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.161	+0.090%	$30.0M	$4.9M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	11.151	long leg	$666K	$2.1M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.174	+0.205%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.162	+0.096%	$4.5M	$12.9M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.163	+0.108%	$5.0M	$6.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.164	+0.122%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.170	+0.171%	$910K	$7.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0435% / S −0.0259%	1h	11.165	+0.127%	$249K	—	120x	as long as short
Hyperliquid AVAX	+0.0595%	1h	11.178	+0.243%	$43.6M	$55.0M	10x	as long as short