Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.048%

Price spread now: Orderly against Pacifica+0.097%7-day average +0.037% · you sell dearer than you buy

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

Long on Pacifica Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 3 days (all we have)−0.156%−$16 · spread now +0.097%, 7d avg +0.037%

Together, before fees−0.223%+ Points / potential airdropPacifica: Active · farm board−$22 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: Orderly is 0.061% dearer against Pacifica than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.282	0.0100	pay 0.0013% / 1h	20m 33s	$300K	$120K	10x
Short	Orderly PERP_AVAX_USDC	11.293	0.0100	get 0.0100% / 8h	1h 20m	$203K	$301K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → +0.037%: $6.06
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$7.94
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 63 min ago; Orderly: 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 Pacifica live order book, 63 min ago	7.51 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0570%	1h	11.250	−0.284%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0104%	1h	11.285	+0.026%	$5.4M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0038%	1h	11.280	−0.022%	$298K	$895K	10x	as long as short
Variational Omni AVAX	−0.0005%	8h	11.249	−0.292%	$3.0M	$2.4M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.285	+0.027%	$104K	$112K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.284	+0.018%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.280	−0.017%	$1.3M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.279	−0.027%	$17K	$688K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.281	−0.010%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.283	+0.012%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAXlong	+0.0100%	1h	11.282	long leg	$300K	$120K	10x
Binance AVAXUSDT	+0.0100%	8h	11.278	−0.036%	$120.6M	$525.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.277	−0.044%	$89.3M	$157.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.279	−0.027%	$20.3M	$146.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.281	−0.009%	$12.4M	$40.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.284	+0.018%	$52.2M	$100.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.284	+0.018%	$16.1M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.280	−0.018%	$34.2M	$60.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.282	0.000%	—	$89.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.281	−0.009%	$361K	$570K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.247	−0.308%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.248	−0.301%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.280	−0.018%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.293	+0.097%	$203K	$301K	20x
SunX AVAX-USDT	+0.0100%	8h	11.309	+0.237%	$12K	$732K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.287	+0.044%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.286	+0.031%	$365K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.282	0.000%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.278	−0.033%	$672K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.284	+0.013%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.261	−0.186%	$910K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.288	+0.053%	$5.1M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.278	−0.035%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0406% / S −0.0252%	1h	11.284	+0.013%	$238K	—	120x	as long as short
Kraken Futures PF_AVAXUSD	+0.0626%	1h	11.292	+0.089%	$4.6M	$13.5M	50x	as long as short
Hyperliquid AVAX	+0.0627%	1h	11.297	+0.133%	$43.7M	$56.8M	10x	as long as short