Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0039%/8hpaid last 24h +0.013%

Price spread now: BloFin against Popdex+0.036%7-day average +0.007% · 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−$27as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Popdex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.103%+$10 on $10k

Price spread, last 3 days (all we have)−0.135%−$14 · spread now +0.036%, 7d avg +0.007%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.030% dearer against Popdex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	10.966	0.0096	pay 0.0012% / 1h	25m 38s	$15K	$740K	50x
Short	BloFin AVAX-USDT	10.970	0.0135	get 0.0135% / 8h	4h 25m	$5.0M	$9.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.036%Rate

Funding earned: $8.13
Price spread: +0.036% → +0.007%: $2.96
Slippage, 4 orders: −$11.57
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$18.88
Costs to cover: 0.300%
Break-even: 23.3 days

Slippage from Popdex: live order book, 7 min ago; BloFin: 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 Popdex live order book, 7 min ago	1.37 bp	5.3 bp −$5	14.8 bp −$148	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	0.91 bp	10.7 bp −$11	16.7 bp −$167	39.9 bp −$3,986	80.4 bp −$40.2K

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
Nado AVAX-PERP	−0.0304%	1h	10.967	+0.009%	$314K	$975K	10x	as long as short
Variational Omni AVAX	−0.0276%	8h	10.965	−0.005%	$2.9M	$2.0M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0205%	1h	10.972	+0.055%	$5.2M	$10.0M	25x	as long as short
Bybit AVAXUSDT	−0.0103%	8h	10.972	+0.055%	$85.9M	$149.3M	75x	as long as short
OKX AVAX-USDT-SWAP	−0.0066%	8h	10.972	+0.055%	$19.2M	$145.0M	50x	as long as short
Gate AVAX_USDT	−0.0064%	8h	10.976	+0.091%	$12.0M	$40.3M	75x	as long as short
Backpack AVAX_USDC_PERP	−0.0050%	1h	10.969	+0.027%	$297K	$545K	15x	as long as short
SoDEX AVAX-USD	−0.0036%	1h	10.964	−0.018%	$18K	$72K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.982	+0.150%	$84K	$157K	10x	as long as short
Coinbase International AVAX-PERP-INTX	0.0000%	1h	10.968	+0.018%	$803K	$8.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.979	+0.123%	$12K	—	150x	as long as short
Phemex AVAXUSDT	+0.0020%	8h	10.973	+0.064%	$29.4M	$4.9M	50x	as long as short
Bitget AVAXUSDT	+0.0027%	8h	10.973	+0.064%	$33.5M	$63.3M	75x	as long as short
Aster AVAXUSDT	+0.0032%	8h	10.975	+0.078%	$2.2M	$2.1M	75x	as long as short
MEXC AVAX_USDT	+0.0033%	8h	10.974	+0.073%	$49.9M	$114.8M	200x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.970	+0.036%	$17K	$68K	12x	as long as short
BingX AVAX-USDT	+0.0034%	8h	10.972	+0.055%	—	$94.0M	—	as long as short
Binance AVAXUSDT	+0.0034%	8h	10.972	+0.055%	$117.5M	$550.8M	75x	as long as short
Extended AVAX-USD	+0.0048%	1h	10.971	+0.048%	$644K	$2.3M	25x	as long as short
Paradex AVAX-USD-PERP	+0.0058%	8h	10.972	+0.054%	$12K	$766	20x	as long as short
Lighter AVAX	+0.0072%	1h	10.974	+0.071%	$1.2M	$3.1M	10x	as long as short
Aevo AVAX-PERP	+0.0088%	1h	10.973	+0.059%	$252K	—	3x	as long as short
Popdex AVAXUSDTlong	+0.0096%	1h	10.966	long leg	$15K	$740K	50x
Pacifica AVAX	+0.0100%	1h	10.980	+0.124%	$296K	$136K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.977	+0.100%	$15.5M	$25.3M	75x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.951	−0.132%	$350K	$819K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.952	−0.128%	$176K	$706K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.969	+0.027%	$113K	$471K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.981	+0.137%	$207K	$335K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.987	+0.194%	$12K	$693K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.969	+0.025%	$348K	$1.2M	75x	as long as short
BloFin AVAX-USDTshort	+0.0135%	8h	10.970	+0.036%	$5.0M	$9.3M	100x
Hyperliquid AVAX	+0.0172%	1h	10.994	+0.255%	$40.9M	$60.4M	10x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	10.965	−0.010%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0340%	1h	10.982	+0.148%	$4.6M	$14.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0409% / S −0.0244%	1h	10.977	+0.096%	$236K	—	120x	as long as short