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 −0.005%

Price spread now: Paradex against Popdex−0.062%7-day average — · you buy dearer than you sell

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

Long on Popdex 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 0.062% cheaper against Popdex than usual: you would sell low and buy high, −$6 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	Popdex AVAXUSDT	11.164	0.0096	pay 0.0012% / 1h	26m 28s	$16K	$564K	50x
Short	Paradex AVAX-USD-PERP	11.157	0.0100	get 0.0100% / 8h	5h 26m	$13K	$434	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.062%Rate

Funding earned: $0.84
Price spread: −0.062% → 0.000%: −$6.22
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$15.79
Costs to cover: 0.104%
Break-even: 139.0 days

Slippage unknown: Popdex: live order book, 38 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 Popdex live order book, 38 min ago	0.45 bp	6.2 bp −$6	16.7 bp −$167	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 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	−0.1374%	1h	11.120	−0.394%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0079%	1h	11.166	+0.020%	$287K	$448K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.143	−0.188%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.159	−0.045%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.147	−0.152%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.147	−0.156%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.157	−0.064%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDTlong	+0.0096%	1h	11.164	long leg	$16K	$564K	50x
Paradex AVAX-USD-PERPshort	+0.0100%	8h	11.157	−0.062%	$13K	$434	20x
Aster AVAXUSDT	+0.0100%	8h	11.154	−0.093%	$2.3M	$1.2M	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	11.164	−0.002%	$291K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.164	−0.003%	$119.3M	$432.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.166	+0.018%	$88.7M	$138.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.168	+0.036%	$20.1M	$117.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.157	−0.063%	$12.2M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.159	−0.045%	$48.2M	$79.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.159	−0.045%	$15.7M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.168	+0.036%	$33.5M	$48.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.161	−0.027%	—	$81.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.151	−0.116%	$357K	$496K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.168	+0.038%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.169	+0.045%	$358K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.179	+0.134%	$180K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.169	+0.045%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.150	−0.125%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.175	+0.095%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.144	−0.179%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.167	+0.027%	$366K	$870K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.149	−0.134%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.159	−0.045%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.142	−0.202%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.143	−0.188%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.160	−0.036%	$898K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.164	+0.004%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.145	−0.168%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0507%	1h	11.184	+0.182%	$43.5M	$43.1M	10x	as long as short