Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: Pacifica against MEXC+0.046%45s7-day average +0.005% · 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—prices read too far apart to compare

costs, in and out, $10k−$210.211% of the position

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.046%, 7d avg +0.005%

Together, before fees+0.021%+ Points / potential airdropPacifica: Active · farm board+$2 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 0.041% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.005%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	10.879	0.0100	pay 0.0100% / 8h	5h 52m	$52.8M	$69.3M	200x
Short	Pacifica AVAX	10.884	0.0100	get 0.0013% / 1h	52m 57s	$274K	$122K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. 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 MEXCbpFee PacificabpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.005%: $4.06
Slippage, 4 orders: −$13.15
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$17.09
Costs to cover: 0.211%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Pacifica: live order book, 58 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 MEXC live order book, 4 min ago	0.46 bp	0.5 bp $0	0.5 bp −$5	26.6 bp −$2,655	96.5 bp −$48.2K
Sell Pacifica live order book, 58 min ago	3.70 bp	12.4 bp −$12	23.0 bp −$230	doesn't fit	doesn't fit

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	−0.0140%	8h	10.876	−0.030%	$3.1M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0114%	8h	10.879	0.000%	$14.5M	$26.6M	75x	as long as short
SoDEX AVAX-USD	−0.0083%	1h	10.880	+0.009%	$19K	$68K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.885	+0.059%	$3.7M	$10.9M	50x	as long as short
Bybit AVAXUSDT	−0.0047%	8h	10.874	−0.046%	$84.8M	$131.6M	75x	as long as short
Phemex AVAXUSDT	−0.0042%	8h	10.878	−0.009%	$29.0M	$5.6M	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0026%	1h	10.884	+0.046%	$5.0M	$6.6M	25x	as long as short
Nado AVAX-PERP	−0.0008%	1h	10.875	−0.032%	$276K	$300K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.887	+0.076%	$93K	$100K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.884	+0.046%	$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	−1.094%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0094%	8h	10.874	−0.046%	$19.3M	$102.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.881	+0.020%	$1.2M	$1.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.879	0.000%	$23K	$438K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.879	+0.001%	$12K	$62	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.880	+0.009%	$2.2M	$1.3M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	10.884	+0.046%	$274K	$122K	10x
Binance AVAXUSDT	+0.0100%	8h	10.878	−0.009%	$114.9M	$373.1M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	10.879	long leg	$52.8M	$69.3M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.884	+0.046%	$14.3M	$18.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.876	−0.028%	$33.1M	$43.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.880	+0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.883	+0.037%	$439K	$522K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.889	+0.089%	$343K	$1.5M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.893	+0.129%	$175K	$658K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.880	+0.009%	$137K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.888	+0.083%	$235K	$217K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.909	+0.273%	$12K	$772K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.878	−0.011%	$326K	$948K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.871	−0.070%	$618K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.876	−0.028%	$250K	—	3x	as long as short
Hyperliquid AVAX	+0.0119%	1h	10.895	+0.147%	$36.2M	$37.4M	10x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.887	+0.074%	$861K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.879	0.000%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.873	−0.052%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.881	+0.017%	$230K	—	120x	as long as short