Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0175%/8h= −19.2% APRpaid last 24h −0.008%

Price spread now: Phemex against Pacifica0.000%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$570.573% of the position

Long on Pacifica Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.467%−$47 · spread now 0.000%, 7d avg +0.016%

Together, before fees−0.508%+ Points / potential airdropPacifica: Active · farm board−$51 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	10.765	0.0100	pay 0.0013% / 1h	35m 35s	$271K	$128K	10x
Short	Phemex AVAXUSDT	10.765	−0.0076	pay 0.0076% / 8h	7h 35m	$28.7M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$36.86
Price spread: 0.000% → +0.016%: −$1.58
Slippage, 4 orders: −$37.25
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$95.69
Costs to cover: 0.573%
Break-even: never at this rate

Slippage from Pacifica: live order book, 63 min ago; Phemex: live order book, 3 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, 63 min ago	5.15 bp	9.2 bp −$9	19.2 bp −$192	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	5.57 bp	16.7 bp −$17	27.3 bp −$273	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	−0.0265%	1h	10.769	+0.041%	$3.7M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0230%	1h	10.768	+0.028%	$280K	$325K	10x	as long as short
Variational Omni AVAX	−0.0081%	8h	10.763	−0.021%	$3.0M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0078%	1h	10.764	−0.009%	$18K	$68K	10x	as long as short
Phemex AVAXUSDTshort	−0.0076%	8h	10.765	0.000%	$28.7M	$5.7M	50x
Gate AVAX_USDT	−0.0072%	8h	10.764	−0.009%	$13.8M	$28.9M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.767	+0.014%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.768	+0.028%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.767	+0.018%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.046%	$17K	$151K	12x	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	+0.0086%	8h	10.758	−0.066%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.761	−0.042%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.763	−0.019%	$23K	$468K	50x	as long as short
GRVT AVAX_USDT_Perp	+0.0098%	8h	10.781	+0.149%	$337K	$1.2M	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.777	+0.111%	$35.9M	$40.3M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.770	+0.050%	$2.4M	$1.4M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	10.765	long leg	$271K	$128K	10x
Binance AVAXUSDT	+0.0100%	8h	10.764	−0.009%	$113.5M	$397.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.760	−0.046%	$84.2M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.764	−0.009%	$18.9M	$106.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.762	−0.028%	$53.3M	$79.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.766	+0.009%	$13.9M	$21.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.761	−0.037%	$32.9M	$45.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.762	−0.028%	—	$53.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.769	+0.037%	$438K	$535K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.788	+0.214%	$174K	$659K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.771	+0.056%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.768	+0.028%	$233K	$239K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.796	+0.292%	$11K	$774K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.779	+0.133%	$334K	$853K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.761	−0.036%	$612K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.758	−0.060%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.774	+0.084%	$854K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.765	0.000%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.763	−0.020%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.766	+0.008%	$227K	—	120x	as long as short