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 −0.034%

Price spread now: Bybit against Pacifica−0.141%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.141%, 7d avg −0.044%

Together, before fees+0.010%+ Points / potential airdropPacifica: Active · farm board+$1 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: Bybit is 0.098% cheaper against Pacifica than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	10.769	0.0100	pay 0.0013% / 1h	59m 38s	$271K	$130K	10x
Short	Bybit AVAXUSDT	10.754	0.0100	get 0.0100% / 8h	2h 59m	$80.4M	$141.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.141%Rate

Funding earned: $0
Price spread: −0.141% → −0.044%: −$9.78
Slippage, 4 orders: −$17.73
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$46.52
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from Pacifica: live order book, 54 min ago; Bybit: live order book, 4 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, 54 min ago	4.54 bp	8.5 bp −$9	17.0 bp −$170	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.46 bp	8.8 bp −$9	16.3 bp −$163	37.3 bp −$3,734	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
Injective AVAX/USDC PERP	−0.1421%	1h	10.760	−0.086%	$17K	$152K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0122%	1h	10.762	−0.067%	$4.9M	$7.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.771	+0.012%	$94K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.763	−0.055%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.762	−0.066%	$4.1M	$11.1M	50x	as long as short
Nado AVAX-PERP	+0.0044%	1h	10.765	−0.035%	$282K	$310K	10x	as long as short
Gate AVAX_USDT	+0.0047%	8h	10.761	−0.076%	$12.1M	$31.2M	75x	as long as short
Variational Omni AVAX	+0.0067%	8h	10.769	−0.006%	$2.8M	$2.2M	—	as long as short
Lighter AVAX	+0.0096%	1h	10.763	−0.056%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.764	−0.049%	$8K	$442K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0097%	8h	10.763	−0.056%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.768	−0.011%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	10.769	long leg	$271K	$130K	10x
Binance AVAXUSDT	+0.0100%	8h	10.764	−0.053%	$112.9M	$420.3M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	10.754	−0.141%	$80.4M	$141.4M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.756	−0.123%	$19.4M	$109.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.762	−0.067%	$43.9M	$77.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.766	−0.030%	$14.9M	$21.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.759	−0.095%	$32.0M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.761	−0.076%	—	$54.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.757	−0.114%	$369K	$530K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.775	+0.053%	$343K	$940K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.778	+0.081%	$173K	$664K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.766	−0.030%	$132K	$368K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.766	−0.030%	$189K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.783	+0.132%	$12K	$728K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.760	−0.086%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.765	−0.038%	$358K	$780K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.763	−0.058%	$28.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.758	−0.109%	$664K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.773	+0.037%	$247K	—	3x	as long as short
Hyperliquid AVAX	+0.0178%	1h	10.774	+0.044%	$40.6M	$40.3M	10x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.793	+0.221%	$4.8M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.774	+0.044%	$886K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.760	−0.083%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0272%	1h	10.764	−0.050%	$235K	—	120x	as long as short