Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: BingX against Pacifica+0.468%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs+$17as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Pacifica Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.501%−$50 · spread now +0.468%, 7d avg −0.033%

Together, before fees−0.545%+ Points / potential airdropPacifica: Active · farm board−$55 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: BingX is 0.500% dearer against Pacifica than usual: you sell high and buy low, +$50 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	10.654	0.0100	pay 0.0013% / 1h	14m 01s	$267K	$131K	10x
Short	BingX AVAX-USDT	10.704	0.0100	get 0.0100% / 8h	2h 14m	—	$54.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Pacifica. 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 PacificabpFee BingXbpOrdersPrice spread, now +0.468%Rate

Funding earned: $0
Price spread: +0.468% → −0.033%: $50.05
Slippage, 4 orders: −$14.71
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: $17.33
Costs to cover: 0.327%
Break-even: from the start

Slippage from Pacifica: live order book, 34 min ago; BingX: live order book, 10 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 Pacifica live order book, 34 min ago	5.19 bp	9.3 bp −$9	17.9 bp −$179	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	0.47 bp	5.7 bp −$6	6.9 bp −$69	12.7 bp −$1,275	25.6 bp −$12.8K

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	−0.1423%	1h	10.760	+0.993%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0279%	1h	10.714	+0.560%	$4.2M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0067%	1h	10.709	+0.519%	$284K	$341K	10x	as long as short
Variational Omni AVAX	−0.0034%	8h	10.610	−0.417%	$2.8M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.650	−0.035%	$88K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.709	+0.515%	$4.8M	$7.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.707	+0.496%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0022%	8h	10.706	+0.487%	$12.4M	$32.9M	75x	as long as short
Bybit AVAXUSDT	+0.0063%	8h	10.709	+0.515%	$80.8M	$147.3M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.707	+0.501%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.709	+0.515%	$18K	$437K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.688	+0.321%	$12K	$212	20x	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.714	+0.562%	$427K	$586K	15x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.713	+0.552%	$37.7M	$44.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.706	+0.485%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	10.654	long leg	$267K	$131K	10x
Binance AVAXUSDT	+0.0100%	8h	10.709	+0.516%	$114.9M	$433.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.709	+0.515%	$18.9M	$113.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.717	+0.590%	$44.7M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.714	+0.562%	$13.3M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.711	+0.533%	$32.4M	$49.3M	75x	as long as short
BingX AVAX-USDTshort	+0.0100%	8h	10.704	+0.468%	—	$54.3M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.614	−0.373%	$342K	$988K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.591	−0.593%	$171K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.707	+0.496%	$133K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.712	+0.543%	$217K	$338K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.735	+0.756%	$12K	$762K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.709	+0.515%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.703	+0.458%	$348K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.708	+0.505%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.709	+0.516%	$643K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.705	+0.476%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.718	+0.599%	$928K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.640	−0.133%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.700	+0.433%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.705	+0.473%	$234K	—	120x	as long as short