Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%

Price spread now: Bybit against Paradex−0.383%59s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Bybit

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: Bybit is 0.383% cheaper against Paradex than usual: you would sell low and buy high, −$38 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AVAX-USD-PERP	11.151	0.0100	pay 0.0100% / 8h	5h 55m	$13K	$434	20x
Short	Bybit AVAXUSDT	11.108	0.0100	get 0.0100% / 8h	5h 55m	$88.2M	$139.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.383%Rate

Funding earned: $0.01
Price spread: −0.383% → 0.000%: −$38.26
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$53.25
Costs to cover: 0.150%
Break-even: 61017.2 days

Slippage unknown: Paradex: no order-book sample; Bybit: 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 Bybit live order book, 3 min ago	0.45 bp	5.9 bp −$6	10.4 bp −$104	31.0 bp −$3,099	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	−0.1374%	1h	11.070	−0.723%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0075%	1h	11.150	−0.006%	$287K	$453K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.144	−0.060%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.137	−0.127%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.146	−0.046%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.148	−0.020%	$4.3M	$11.6M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.106	−0.404%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.153	+0.021%	$15K	$567K	50x	as long as short
Paradex AVAX-USD-PERPlong	+0.0100%	8h	11.151	long leg	$13K	$434	20x
Aster AVAXUSDT	+0.0100%	8h	11.132	−0.170%	$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	11.141	−0.087%	$291K	$113K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.107	−0.395%	$118.6M	$440.2M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.108	−0.383%	$88.2M	$139.1M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.106	−0.401%	$20.0M	$119.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.132	−0.167%	$12.1M	$34.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.123	−0.248%	$48.4M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.134	−0.149%	$15.6M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.112	−0.347%	$33.3M	$49.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.114	−0.329%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.134	−0.149%	$356K	$499K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.151	0.000%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.158	+0.066%	$353K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.167	+0.147%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.156	+0.048%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.151	+0.003%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.181	+0.272%	$12K	$703K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.145	−0.051%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.140	−0.098%	$362K	$853K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.139	−0.105%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.119	−0.281%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.140	−0.097%	$256K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.148	−0.024%	$904K	$5.6M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.150	−0.004%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0253%	1h	11.127	−0.209%	$43.3M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.149	−0.019%	$237K	—	120x	as long as short