Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: Pacifica against Phemex+0.160%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on Phemex Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 3 days (all we have)+0.055%+$6 · spread now +0.160%, 7d avg −0.025%

Together, before fees+0.101%+ Points / potential airdropPacifica: Active · farm board+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.185% dearer against Phemex than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVAXUSDT	11.308	0.0100	pay 0.0100% / 8h	2h 04m	$30.3M	$4.9M	50x
Short	Pacifica AVAX	11.326	0.0100	get 0.0013% / 1h	4m 21s	$301K	$121K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.160%Rate

Funding earned: $0
Price spread: +0.160% → −0.025%: $18.54
Slippage, 4 orders: −$34.65
Fee Phemex: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$36.12
Costs to cover: 0.547%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Pacifica: live order book, 19 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, 5 min ago	1.32 bp	13.6 bp −$14	23.9 bp −$239	doesn't fit	doesn't fit
Sell Pacifica live order book, 19 min ago	7.51 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit

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
Deribit AVAX_USDC-PERPETUAL	−0.0192%	1h	11.304	−0.035%	$5.4M	$9.3M	25x	as long as short
Nado AVAX-PERP	−0.0077%	1h	11.312	+0.035%	$298K	$958K	10x	as long as short
Variational Omni AVAX	−0.0076%	8h	11.354	+0.411%	$3.1M	$2.2M	—	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.300	−0.071%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.325	+0.154%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.306	−0.020%	$16K	—	150x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.358	+0.442%	$997K	$8.4M	50x	as long as short
Gate AVAX_USDT	+0.0072%	8h	11.305	−0.027%	$12.7M	$40.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0096%	8h	11.313	+0.044%	$20.3M	$149.1M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.305	−0.028%	$1.3M	$3.3M	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	11.308	0.000%	$12K	$704K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.328	+0.178%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.305	−0.029%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	11.326	+0.160%	$301K	$121K	10x
Binance AVAXUSDT	+0.0100%	8h	11.311	+0.027%	$121.4M	$536.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.314	+0.053%	$91.1M	$156.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.301	−0.062%	$55.4M	$110.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.313	+0.044%	$16.5M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.302	−0.053%	$34.8M	$61.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.304	−0.035%	—	$90.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.316	+0.071%	$341K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.320	+0.105%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.368	+0.531%	$186K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.310	+0.018%	$134K	$485K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.312	+0.035%	$203K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.332	+0.214%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.306	−0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.313	+0.040%	$365K	$1.1M	75x	as long as short
Phemex AVAXUSDTlong	+0.0100%	8h	11.308	long leg	$30.3M	$4.9M	50x
Extended AVAX-USD	+0.0104%	1h	11.303	−0.046%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.300	−0.073%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.311	+0.027%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.307	−0.008%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.313	+0.041%	$4.6M	$13.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.304	−0.031%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0682%	1h	11.323	+0.133%	$44.0M	$58.6M	10x	as long as short