Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.022%

Price spread now: SoDEX against Paradex−0.036%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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: SoDEX is 0.036% cheaper against Paradex than usual: you would sell low and buy high, −$4 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	10.738	0.0097	pay 0.0097% / 8h	2h 10m	$12K	$212	20x
Short	SoDEX AVAX-USD	10.734	0.0100	get 0.0013% / 1h	10m 48s	$18K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0.63
Price spread: −0.036% → 0.000%: −$3.6
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$14.97
Costs to cover: 0.120%
Break-even: 173.2 days

Slippage unknown: Paradex: no order-book sample; SoDEX: 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 Paradex no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Paradex and SoDEX: 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	−0.1423%	1h	10.760	+0.206%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.740	+0.016%	$4.2M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0082%	1h	10.739	+0.006%	$285K	$341K	10x	as long as short
Variational Omni AVAX	−0.0032%	8h	10.728	−0.095%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.727	−0.097%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.739	+0.011%	$4.8M	$7.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.733	−0.045%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0032%	8h	10.735	−0.027%	$12.5M	$33.0M	75x	as long as short
Bybit AVAXUSDT	+0.0071%	8h	10.728	−0.092%	$80.8M	$147.4M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.730	−0.072%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.737	−0.008%	$19K	$432K	50x	as long as short
Paradex AVAX-USD-PERPlong	+0.0097%	8h	10.738	long leg	$12K	$212	20x
Hyperliquid AVAX	+0.0100%	1h	10.738	0.000%	$37.7M	$44.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.731	−0.062%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.734	−0.036%	$269K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.728	−0.092%	$114.7M	$433.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.726	−0.111%	$18.9M	$114.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.734	−0.036%	$45.8M	$81.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.732	−0.055%	$13.2M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.728	−0.092%	$32.5M	$49.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.729	−0.083%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.739	+0.011%	$429K	$588K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.639	−0.921%	$343K	$988K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.729	−0.083%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.741	+0.029%	$136K	$356K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.742	+0.038%	$218K	$338K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.764	+0.240%	$11K	$765K	20x	as long as short
SoDEX AVAX-USDshort	+0.0100%	1h	10.734	−0.036%	$18K	$72K	10x
HTX AVAX-USDT	+0.0100%	8h	10.731	−0.060%	$349K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.738	+0.001%	$28.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.727	−0.102%	$615K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.735	−0.031%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.744	+0.057%	$934K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.739	+0.011%	$4.7M	$5.8M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.732	−0.052%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.729	−0.086%	$227K	—	120x	as long as short