Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: Pacifica against OKX−0.026%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$9 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.026%, 7d avg +0.038%

Together, before fees+0.162%+ Points / potential airdropPacifica: Active · farm board+$16 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 0.064% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AVAX-USDT-SWAP	10.685	0.0100	pay 0.0100% / 8h	20m 29s	$18.7M	$107.7M	50x
Short	Pacifica AVAX	10.682	0.0100	get 0.0013% / 1h	20m 29s	$268K	$129K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → +0.038%: −$6.4
Slippage, 4 orders: −$18.78
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$43.18
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Pacifica: live order book, 18 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, 3 min ago	0.47 bp	7.1 bp −$7	14.1 bp −$141	43.9 bp −$4,385	doesn't fit
Sell Pacifica live order book, 18 min ago	5.15 bp	11.8 bp −$12	doesn't fit	doesn't fit	doesn't fit

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
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.671	−0.128%	$3.8M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0170%	1h	10.681	−0.037%	$288K	$329K	10x	as long as short
Variational Omni AVAX	−0.0077%	8h	10.667	−0.172%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.680	−0.046%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.671	−0.131%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.673	−0.109%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0008%	8h	10.673	−0.112%	$13.1M	$30.8M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.702%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0090%	8h	10.679	−0.054%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0095%	8h	10.686	+0.009%	$81.6M	$139.6M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.677	−0.075%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.685	0.000%	$25K	$467K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.682	−0.028%	$36.7M	$41.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.682	−0.024%	$2.2M	$896K	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	10.682	−0.026%	$268K	$129K	10x
Binance AVAXUSDT	+0.0100%	8h	10.685	0.000%	$112.9M	$406.7M	75x	as long as short
OKX AVAX-USDT-SWAPlong	+0.0100%	8h	10.685	long leg	$18.7M	$107.7M	50x
MEXC AVAX_USDT	+0.0100%	8h	10.678	−0.066%	$45.3M	$79.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.679	−0.056%	$13.7M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.681	−0.037%	$32.4M	$46.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.680	−0.047%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.674	−0.103%	$435K	$547K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.674	−0.104%	$335K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.681	−0.037%	$172K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.674	−0.103%	$134K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.678	−0.066%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.699	+0.131%	$11K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.669	−0.150%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.672	−0.117%	$325K	$863K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.670	−0.140%	$28.5M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.678	−0.064%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.667	−0.172%	$245K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.669	−0.150%	$4.6M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.668	−0.159%	$847K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.668	−0.161%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.674	−0.105%	$225K	—	120x	as long as short