Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.006%

Price spread now: Paradex against Lighter−0.024%7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.024% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	10.710	0.0096	pay 0.0012% / 1h	5m 25s	$1.2M	$2.4M	10x
Short	Paradex AVAX-USD-PERP	10.707	0.0092	get 0.0092% / 8h	5m 25s	$12K	$212	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Lighter. 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 LighterbpFee ParadexbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$0.83
Price spread: −0.024% → 0.000%: −$2.38
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$7.21
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 6 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 Lighter live order book, 6 min ago	2.24 bp	2.7 bp −$3	11.6 bp −$116	84.2 bp −$8,418	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 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
Nado AVAX-PERP	−0.0206%	1h	10.713	+0.029%	$289K	$326K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.713	+0.027%	$3.8M	$11.6M	50x	as long as short
Variational Omni AVAX	−0.0077%	8h	10.707	−0.027%	$2.9M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.713	+0.024%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.714	+0.038%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.713	+0.026%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0011%	8h	10.713	+0.029%	$13.3M	$30.9M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.468%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERPshort	+0.0092%	8h	10.707	−0.024%	$12K	$212	20x
Lighter AVAXlong	+0.0096%	1h	10.710	long leg	$1.2M	$2.4M	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.713	+0.029%	$25K	$466K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.723	+0.122%	$36.7M	$40.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.714	+0.038%	$2.2M	$888K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.714	+0.038%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.713	+0.025%	$113.4M	$403.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.716	+0.057%	$81.9M	$139.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.714	+0.038%	$18.8M	$107.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.713	+0.029%	$52.9M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.713	+0.029%	$13.8M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.717	+0.066%	$32.8M	$46.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.713	+0.029%	—	$53.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.713	+0.029%	$440K	$545K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.716	+0.061%	$337K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.719	+0.085%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.716	+0.057%	$135K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.723	+0.122%	$232K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.748	+0.351%	$12K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.711	+0.010%	$18K	$68K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.710	−0.004%	$326K	$857K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.709	−0.008%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.709	−0.007%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.706	−0.040%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.716	+0.057%	$4.7M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.728	+0.169%	$852K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.712	+0.016%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.712	+0.016%	$226K	—	120x	as long as short