Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h −0.046%

Price spread now: Extended against Paradex−0.500%7-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 Extended

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 · Extended: 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: Extended is 0.500% cheaper against Paradex than usual: you would sell low and buy high, −$50 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	11.243	0.0099	pay 0.0099% / 8h	1h 48m	$13K	$766	20x
Short	Extended AVAX-USD	11.186	0.0104	get 0.0013% / 1h	48m 43s	$669K	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.500%Rate

Funding earned: $1.15
Price spread: −0.500% → 0.000%: −$50.01
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$57.86
Costs to cover: 0.090%
Break-even: 360.1 days

Slippage unknown: Paradex: no order-book sample; Extended: live order book, 5 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 Extended live order book, 5 min ago	2.21 bp	5.6 bp −$6	7.3 bp −$73	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 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	11.140	−0.912%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0107%	1h	11.190	−0.467%	$5.3M	$9.2M	25x	as long as short
Variational Omni AVAX	−0.0043%	8h	11.261	+0.160%	$3.0M	$2.3M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.197	−0.406%	$98K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.193	−0.444%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0019%	1h	11.187	−0.490%	$295K	$948K	10x	as long as short
Gate AVAX_USDT	+0.0094%	8h	11.188	−0.485%	$12.2M	$39.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.192	−0.446%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.199	−0.387%	$13K	$696K	50x	as long as short
Paradex AVAX-USD-PERPlong	+0.0099%	8h	11.243	long leg	$13K	$766	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.188	−0.483%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.193	−0.436%	$297K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.189	−0.476%	$119.9M	$528.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.188	−0.485%	$87.8M	$157.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.189	−0.476%	$20.1M	$146.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.193	−0.441%	$52.3M	$99.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.194	−0.432%	$16.1M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.184	−0.521%	$33.8M	$60.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.189	−0.476%	—	$90.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.187	−0.494%	$357K	$579K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.257	+0.129%	$356K	$885K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.267	+0.218%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.194	−0.432%	$133K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.202	−0.361%	$201K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.267	+0.218%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.190	−0.467%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.188	−0.481%	$361K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.193	−0.441%	$30.1M	$5.0M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.186	−0.500%	$669K	$2.2M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.188	−0.481%	$257K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.200	−0.378%	$897K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.188	−0.485%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.188	−0.489%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.192	−0.450%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0503%	1h	11.206	−0.329%	$43.3M	$57.8M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0632%	1h	11.193	−0.440%	$4.6M	$13.5M	50x	as long as short