Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.071%

Price spread now: Pacifica against Variational Omni−0.083%7-day average +0.023% · you buy dearer than you sell

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.138%+$14 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now −0.083%, 7d avg +0.023%

Together, before fees−0.014%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board−$1 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: Pacifica is 0.106% cheaper against Variational Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	11.214	0.0100	pay 0.0100% / 8h	7h 08m	$3.0M	$2.2M	—
Short	Pacifica AVAX	11.204	0.0100	get 0.0013% / 1h	8m 31s	$297K	$107K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Variational Omni. 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 Variational OmnibpFee PacificabpOrdersPrice spread, now −0.083%Rate

Funding earned: $0
Price spread: −0.083% → +0.023%: −$10.6
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$18.6
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Pacifica: live order book, 65 min ago. 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 Variational Omni RFQ quote, 1 min ago	3.17 bp	doesn't fit	10.5 bp −$105	doesn't fit	doesn't fit
Sell Pacifica live order book, 65 min ago	4.90 bp	13.7 bp −$14	22.9 bp −$229	doesn't fit	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	11.170	−0.389%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0066%	1h	11.204	−0.086%	$294K	$680K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0018%	1h	11.206	−0.068%	$5.3M	$8.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.206	−0.072%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.210	−0.033%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.203	−0.099%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.201	−0.113%	$15K	$608K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.195	−0.164%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.206	−0.072%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	11.204	−0.083%	$297K	$107K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.199	−0.130%	$119.5M	$474.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.202	−0.104%	$89.0M	$147.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.204	−0.086%	$20.0M	$130.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.200	−0.122%	$12.2M	$38.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.201	−0.113%	$51.0M	$89.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.208	−0.050%	$15.5M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.202	−0.104%	$34.0M	$53.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.201	−0.113%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.205	−0.077%	$358K	$547K	15x	as long as short
Variational Omni AVAXlong	+0.0100%	8h	11.214	long leg	$3.0M	$2.2M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.202	−0.105%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.221	+0.066%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.204	−0.086%	$131K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.215	+0.012%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.245	+0.279%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.206	−0.068%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.213	−0.010%	$364K	$945K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.207	−0.059%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.197	−0.144%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.203	−0.091%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.211	−0.024%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.204	−0.086%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.200	−0.121%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.229	+0.137%	$914K	$6.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0297%	1h	11.209	−0.046%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0667%	1h	11.220	+0.057%	$43.8M	$48.9M	10x	as long as short