Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%

Price spread now: Binance against Phemex−0.028%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)+0.187%+$19 · spread now −0.028%, 7d avg −0.028%

Together, before fees+0.166%+$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVAXUSDT	11.249	0.0100	pay 0.0100% / 8h	1h 06m	$30.2M	$5.0M	50x
Short	Binance AVAXUSDT	11.246	0.0100	get 0.0100% / 8h	1h 06m	$120.4M	$524.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phemex. 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 PhemexbpFee BinancebpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → −0.028%: −$0.06
Slippage, 4 orders: −$19.03
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$41.09
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Binance: live order book, 7 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 Phemex live order book, 2 min ago	1.33 bp	14.9 bp −$15	24.3 bp −$243	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.44 bp	6.1 bp −$6	11.0 bp −$110	37.6 bp −$3,763	123.9 bp −$62.0K

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	11.170	−0.702%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.243	−0.053%	$5.3M	$9.1M	25x	as long as short
Nado AVAX-PERP	−0.0041%	1h	11.239	−0.084%	$296K	$892K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.231	−0.156%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.243	−0.056%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0019%	8h	11.219	−0.267%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.247	−0.015%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.240	−0.080%	$18K	$686K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.228	−0.186%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.248	−0.010%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.234	−0.138%	$298K	$120K	10x	as long as short
Binance AVAXUSDTshort	+0.0100%	8h	11.246	−0.028%	$120.4M	$524.6M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.235	−0.124%	$89.3M	$157.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.233	−0.142%	$20.2M	$146.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.248	−0.009%	$12.5M	$40.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.251	+0.018%	$51.5M	$100.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.251	+0.018%	$16.0M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.237	−0.107%	$34.1M	$59.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.243	−0.053%	—	$88.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.250	+0.009%	$360K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.242	−0.066%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.245	−0.036%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.242	−0.062%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.251	+0.018%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.272	+0.204%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.244	−0.044%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.230	−0.164%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDTlong	+0.0100%	8h	11.249	long leg	$30.2M	$5.0M	50x
Extended AVAX-USD	+0.0104%	1h	11.246	−0.029%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.245	−0.033%	$258K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.248	−0.009%	$911K	$8.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.243	−0.053%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.238	−0.098%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0411% / S −0.0260%	1h	11.243	−0.055%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0591%	1h	11.262	+0.116%	$43.5M	$56.6M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0629%	1h	11.252	+0.027%	$4.6M	$13.5M	50x	as long as short