Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: Paradex against Orderly−0.246%7-day average — · you buy dearer than you sell

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

Long on Orderly 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 airdropParadex: 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 0.246% cheaper against Orderly than usual: you would sell low and buy high, −$25 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	Orderly PERP_AVAX_USDC	11.161	0.0100	pay 0.0100% / 8h	7h 50m	$198K	$303K	20x
Short	Paradex AVAX-USD-PERP	11.134	0.0100	get 0.0100% / 8h	7h 50m	$13K	$766	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Orderly. 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 OrderlybpFee ParadexbpOrdersPrice spread, now −0.246%Rate

Funding earned: −$0.03
Price spread: −0.246% → 0.000%: −$24.58
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$34.61
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Orderly and 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
Injective AVAX/USDC PERP	−0.1363%	1h	11.110	−0.457%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.149	−0.108%	$5.3M	$8.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.140	−0.187%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.155	−0.056%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0005%	1h	11.135	−0.233%	$292K	$859K	10x	as long as short
Gate AVAX_USDT	+0.0088%	8h	11.133	−0.251%	$12.2M	$37.9M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.139	−0.202%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.134	−0.242%	$18K	$647K	50x	as long as short
Paradex AVAX-USD-PERPshort	+0.0100%	8h	11.134	−0.246%	$13K	$766	20x
Aster AVAXUSDT	+0.0100%	8h	11.145	−0.142%	$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	11.141	−0.179%	$296K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.135	−0.233%	$118.9M	$502.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.133	−0.251%	$88.6M	$152.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.133	−0.251%	$20.1M	$138.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.139	−0.197%	$48.9M	$88.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.143	−0.161%	$15.6M	$24.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.133	−0.251%	$33.7M	$56.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.132	−0.260%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.142	−0.170%	$356K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.152	−0.083%	$3.0M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.192	+0.279%	$361K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.196	+0.314%	$180K	$689K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.137	−0.215%	$131K	$440K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	11.161	long leg	$198K	$303K	20x
SunX AVAX-USDT	+0.0100%	8h	11.185	+0.213%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.150	−0.099%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.158	−0.030%	$360K	$980K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.152	−0.081%	$30.0M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.131	−0.267%	$666K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.153	−0.068%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.154	−0.066%	$4.5M	$12.9M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.148	−0.116%	$5.0M	$6.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.133	−0.248%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.176	+0.134%	$904K	$7.3M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.155	−0.058%	$249K	—	120x	as long as short
Hyperliquid AVAX	+0.0652%	1h	11.155	−0.054%	$43.5M	$53.6M	10x	as long as short