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 +0.001%

Price spread now: Paradex against Phemex+0.028%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Paradex

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: Paradex is 0.028% dearer against Phemex than usual: you sell high and buy low, +$3 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	Phemex AVAXUSDT	11.102	0.0100	pay 0.0100% / 8h	6h 17m	$29.6M	$5.6M	50x
Short	Paradex AVAX-USD-PERP	11.105	0.0100	get 0.0100% / 8h	6h 17m	$13K	$434	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$0.01
Price spread: +0.028% → 0.000%: $2.83
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$13.18
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 min ago; Paradex: 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 Phemex live order book, 2 min ago	1.80 bp	11.3 bp −$11	21.7 bp −$217	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	−0.1423%	1h	11.040	−0.558%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.100	−0.018%	$5.2M	$8.2M	25x	as long as short
Nado AVAX-PERP	−0.0043%	1h	11.101	−0.014%	$286K	$500K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.106	+0.035%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.102	0.000%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0056%	8h	11.103	+0.009%	$12.1M	$36.7M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.101	−0.005%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.101	−0.009%	$15K	$582K	50x	as long as short
Paradex AVAX-USD-PERPshort	+0.0100%	8h	11.105	+0.028%	$13K	$434	20x
Aster AVAXUSDT	+0.0100%	8h	11.109	+0.061%	$2.3M	$1.4M	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	11.110	+0.076%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.101	−0.009%	$118.4M	$455.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.100	−0.018%	$88.4M	$142.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.101	−0.009%	$20.0M	$122.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.100	−0.018%	$48.6M	$82.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.106	+0.036%	$15.5M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.096	−0.054%	$33.3M	$50.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.100	−0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.108	+0.054%	$355K	$532K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.095	−0.059%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.097	−0.047%	$354K	$798K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.100	−0.018%	$178K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.104	+0.018%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.107	+0.045%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.132	+0.268%	$12K	$713K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.102	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.094	−0.069%	$360K	$854K	75x	as long as short
Phemex AVAXUSDTlong	+0.0100%	8h	11.102	long leg	$29.6M	$5.6M	50x
Extended AVAX-USD	+0.0104%	1h	11.098	−0.035%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.102	+0.002%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.097	−0.049%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.104	+0.021%	$4.3M	$11.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.126	+0.216%	$904K	$5.8M	50x	as long as short
Hyperliquid AVAX	+0.0392%	1h	11.113	+0.099%	$43.2M	$45.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.102	−0.003%	$235K	—	120x	as long as short