Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.009%

Price spread now: Bitget against Popdex−0.116%7-day average −0.044% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Popdex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.116%, 7d avg −0.044%

Together, before fees+0.069%+$7 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: Bitget is 0.072% cheaper against Popdex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	11.169	0.0096	pay 0.0012% / 1h	55m 22s	$18K	$653K	50x
Short	Bitget AVAXUSDT	11.156	0.0100	get 0.0100% / 8h	7h 55m	$34.0M	$57.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.116%Rate

Funding earned: $0.84
Price spread: −0.116% → −0.044%: −$7.25
Slippage, 4 orders: −$7.5
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$32.31
Costs to cover: 0.259%
Break-even: 276.3 days

Slippage from Popdex: live order book, 19 min ago; Bitget: live order book, 4 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, 19 min ago	0.45 bp	4.5 bp −$4	8.3 bp −$83	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.44 bp	7.9 bp −$8	15.0 bp −$150	33.4 bp −$3,335	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
Injective AVAX/USDC PERP	−0.1363%	1h	11.180	+0.098%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	−0.0408%	8h	11.170	+0.009%	$12.4M	$37.5M	75x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0288%	1h	11.151	−0.161%	$5.3M	$8.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.183	+0.124%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.166	−0.026%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0007%	1h	11.166	−0.022%	$293K	$873K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.180	+0.094%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDTlong	+0.0096%	1h	11.169	long leg	$18K	$653K	50x
Paradex AVAX-USD-PERP	+0.0100%	8h	11.174	+0.047%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.177	+0.070%	$2.3M	$1.7M	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	11.182	+0.120%	$297K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.163	−0.050%	$119.6M	$507.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.158	−0.098%	$88.8M	$154.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.150	−0.170%	$20.2M	$140.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.165	−0.036%	$49.4M	$87.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.173	+0.036%	$15.6M	$24.0M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	11.156	−0.116%	$34.0M	$57.4M	75x
BingX AVAX-USDT	+0.0100%	8h	11.160	−0.081%	—	$86.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.191	+0.197%	$358K	$563K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.210	+0.367%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.219	+0.448%	$361K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.217	+0.430%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.170	+0.009%	$131K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.167	−0.018%	$203K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.195	+0.233%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.155	−0.125%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.156	−0.113%	$360K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.197	+0.251%	$30.1M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.151	−0.162%	$666K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.174	+0.043%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.162	−0.066%	$4.5M	$12.9M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.211	+0.376%	$5.0M	$6.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.164	−0.041%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.170	+0.009%	$910K	$7.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0435% / S −0.0259%	1h	11.165	−0.035%	$249K	—	120x	as long as short
Hyperliquid AVAX	+0.0606%	1h	11.187	+0.161%	$43.6M	$55.0M	10x	as long as short