Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%

Price spread now: Backpack against Paradex+0.035%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Backpack

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: Backpack is 0.035% dearer against Paradex than usual: you sell high and buy low, +$3 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	Paradex AVAX-USD-PERP	11.154	0.0100	pay 0.0100% / 8h	6h 00m	$13K	$434	20x
Short	Backpack AVAX_USDC_PERP	11.158	0.0100	get 0.0013% / 1h	0m 43s	$357K	$501K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Paradex. 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 ParadexbpFee BackpackbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0.01
Price spread: +0.035% → 0.000%: $3.48
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$10.51
Costs to cover: 0.140%
Break-even: 10987.8 days

Slippage unknown: Paradex: no order-book sample; Backpack: live order book, 3 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Backpack live order book, 3 min ago	0.45 bp	9.2 bp −$9	39.9 bp −$399	doesn't fit	doesn't fit

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 35 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	11.060	−0.844%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0037%	1h	11.155	+0.008%	$287K	$470K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.156	+0.017%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.157	+0.029%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.157	+0.029%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.153	−0.012%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.151	−0.028%	$15K	$577K	50x	as long as short
Gate AVAX_USDT	+0.0098%	8h	11.154	−0.001%	$12.2M	$36.8M	75x	as long as short
Paradex AVAX-USD-PERPlong	+0.0100%	8h	11.154	long leg	$13K	$434	20x
Aster AVAXUSDT	+0.0100%	8h	11.158	+0.031%	$2.3M	$1.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.157	+0.027%	$296K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.154	−0.001%	$118.9M	$444.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.156	+0.017%	$88.6M	$140.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.156	+0.017%	$20.1M	$121.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.154	−0.001%	$48.8M	$82.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.158	+0.035%	$15.6M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.154	−0.001%	$33.5M	$49.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.154	−0.001%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERPshort	+0.0100%	1h	11.158	+0.035%	$357K	$501K	15x
Variational Omni AVAX	+0.0100%	8h	11.156	+0.013%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	−0.037%	$352K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.150	−0.037%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.158	+0.035%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.163	+0.080%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.187	+0.296%	$12K	$705K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.158	+0.035%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.156	+0.021%	$362K	$854K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.155	+0.008%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.150	−0.034%	$675K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.153	−0.011%	$256K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.153	−0.013%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.160	+0.054%	$4.3M	$11.7M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.158	+0.035%	$905K	$5.7M	50x	as long as short
Hyperliquid AVAX	+0.0384%	1h	11.167	+0.115%	$43.4M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.156	+0.021%	$237K	—	120x	as long as short