Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.007%

Price spread now: BingX against Popdex+0.090%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on Popdex Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.090%, 7d avg −0.040%

Together, before fees−0.110%−$11 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: BingX is 0.130% dearer against Popdex than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	11.123	0.0096	pay 0.0012% / 1h	54m 05s	$15K	$566K	50x
Short	BingX AVAX-USDC	11.133	0.0100	get 0.0100% / 8h	5h 54m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Popdex. 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 PopdexbpFee BingXbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0.84
Price spread: +0.090% → −0.040%: $13.03
Slippage, 4 orders: −$17.46
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$19.99
Costs to cover: 0.339%
Break-even: 173.6 days

Slippage from Popdex: live order book, 10 min ago; BingX: live order book, 12 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 Popdex live order book, 10 min ago	0.45 bp	6.2 bp −$6	16.7 bp −$167	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	0.90 bp	14.2 bp −$14	27.3 bp −$273	85.0 bp −$8,500	529.2 bp −$264.6K

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	−0.1374%	1h	11.060	−0.566%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0075%	1h	11.120	−0.022%	$286K	$453K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.141	+0.162%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.115	−0.068%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.137	+0.129%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.141	+0.159%	$4.3M	$11.6M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.135	+0.104%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDTlong	+0.0096%	1h	11.123	long leg	$15K	$566K	50x
Paradex AVAX-USD-PERP	+0.0100%	8h	11.118	−0.044%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.142	+0.171%	$2.3M	$1.2M	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	11.122	−0.007%	$290K	$113K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.134	+0.095%	$118.8M	$440.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.135	+0.108%	$88.4M	$139.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.135	+0.108%	$20.0M	$119.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.134	+0.099%	$12.1M	$34.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.137	+0.126%	$48.4M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.138	+0.135%	$15.6M	$21.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.138	+0.135%	$33.4M	$49.2M	75x	as long as short
BingX AVAX-USDCshort	+0.0100%	8h	11.133	+0.090%	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.136	+0.117%	$356K	$499K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.151	+0.249%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.099	−0.216%	$351K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.104	−0.171%	$178K	$680K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.132	+0.081%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.148	+0.225%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.148	+0.224%	$12K	$702K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.140	+0.153%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.131	+0.072%	$361K	$853K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.130	+0.063%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.130	+0.066%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.136	+0.114%	$256K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.144	+0.189%	$904K	$5.6M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.130	+0.060%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0326%	1h	11.148	+0.225%	$43.4M	$43.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.137	+0.123%	$236K	—	120x	as long as short