Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Binance against OKX+0.005%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.005%, 7d avg +0.025%

Together, before fees+0.035%+$3 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: Binance is 0.020% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AVAX-USDT-SWAP	11.322	0.0100	pay 0.0100% / 8h	1h 58m	$20.4M	$149.1M	50x
Short	Binance AVAXUSDT	11.323	0.0100	get 0.0100% / 8h	1h 58m	$121.4M	$535.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → +0.025%: −$2.04
Slippage, 4 orders: −$12.31
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.35
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Binance: live order book, 15 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 OKX live order book, 5 min ago	0.44 bp	11.3 bp −$11	18.3 bp −$183	41.3 bp −$4,126	doesn't fit
Sell Binance live order book, 15 min ago	0.44 bp	6.6 bp −$7	14.3 bp −$143	42.6 bp −$4,261	129.4 bp −$64.7K

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	−0.0570%	1h	11.280	−0.371%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0290%	1h	11.336	+0.128%	$299K	$958K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0191%	1h	11.325	+0.026%	$5.4M	$9.3M	25x	as long as short
Variational Omni AVAX	−0.0065%	8h	11.332	+0.088%	$3.0M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.325	+0.025%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.330	+0.071%	$16K	—	150x	as long as short
Gate AVAX_USDT	+0.0077%	8h	11.333	+0.097%	$12.7M	$39.1M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.326	+0.035%	$1.3M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.336	+0.124%	$13K	$704K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.320	−0.014%	$13K	$766	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.335	+0.114%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.325	+0.031%	$301K	$121K	10x	as long as short
Binance AVAXUSDTshort	+0.0100%	8h	11.323	+0.005%	$121.4M	$535.1M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.323	+0.009%	$91.1M	$156.2M	75x	as long as short
OKX AVAX-USDT-SWAPlong	+0.0100%	8h	11.322	long leg	$20.4M	$149.1M	50x
MEXC AVAX_USDT	+0.0100%	8h	11.324	+0.018%	$54.9M	$99.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.327	+0.044%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.323	+0.009%	$34.9M	$60.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.323	+0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.334	+0.106%	$341K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.331	+0.078%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.333	+0.097%	$186K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.340	+0.159%	$135K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.336	+0.124%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.364	+0.373%	$12K	$725K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.326	+0.035%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.323	+0.013%	$365K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.329	+0.062%	$30.5M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.331	+0.078%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.323	+0.013%	$260K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.343	+0.185%	$995K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.330	+0.071%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.336	+0.124%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.328	+0.052%	$245K	—	120x	as long as short
Hyperliquid AVAX	+0.0528%	1h	11.341	+0.168%	$44.0M	$58.8M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0624%	1h	11.330	+0.073%	$4.6M	$13.5M	50x	as long as short