Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.014%

Price spread now: Binance against Aevo+0.004%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,124as in the Price arb table

costs, in and out, $10k−$1,12311.226% of the position

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 3 days (all we have)+0.257%+$26 · spread now +0.004%, 7d avg +0.023%

Together, before fees+0.196%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	11.235	0.0096	pay 0.0012% / 1h	34m 52s	$258K	—	3x
Short	Binance AVAXUSDT	11.235	0.0073	get 0.0073% / 8h	2h 34m	$120.6M	$537.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now +0.004%Rate

Funding earned: −$4.75
Price spread: +0.004% → +0.023%: −$1.81
Slippage, 4 orders: −$1,096.63
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,129.19
Costs to cover: 11.226%
Break-even: never at this rate

Slippage from Aevo: live order book, 54 min ago; Binance: live order book, 9 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 Aevo live order book, 54 min ago	256.32 bp	563.2 bp −$563	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.45 bp	5.7 bp −$6	14.4 bp −$144	51.8 bp −$5,180	143.2 bp −$71.6K

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
Variational Omni AVAX	−0.0155%	8h	11.233	−0.012%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0113%	1h	11.238	+0.031%	$297K	$956K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.235	+0.004%	$5.3M	$9.4M	25x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.197%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0008%	1h	11.229	−0.047%	$669K	$2.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.249	+0.125%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.241	+0.056%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0047%	8h	11.231	−0.031%	$12.6M	$39.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0055%	8h	11.238	+0.031%	$20.0M	$147.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.248	+0.120%	$913K	$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
Phemex AVAXUSDT	+0.0058%	8h	11.231	−0.031%	$30.1M	$4.8M	50x	as long as short
Bybit AVAXUSDT	+0.0070%	8h	11.236	+0.013%	$86.6M	$152.3M	75x	as long as short
MEXC AVAX_USDT	+0.0073%	8h	11.229	−0.049%	$53.4M	$109.1M	200x	as long as short
Binance AVAXUSDTshort	+0.0073%	8h	11.235	+0.004%	$120.6M	$537.8M	75x
Paradex AVAX-USD-PERP	+0.0096%	8h	11.245	+0.095%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.234	−0.005%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.244	+0.085%	$9K	$701K	50x	as long as short
Aevo AVAX-PERPlong	+0.0096%	1h	11.235	long leg	$258K	—	3x
Aster AVAXUSDT	+0.0100%	8h	11.236	+0.018%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.247	+0.112%	$299K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.233	−0.013%	$16.1M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.238	+0.031%	$34.5M	$61.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.233	−0.013%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.233	−0.013%	$333K	$560K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.243	+0.077%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.252	+0.156%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.247	+0.111%	$130K	$482K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.241	+0.058%	$202K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.271	+0.329%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.233	−0.013%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.241	+0.053%	$360K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0193%	8h	11.234	−0.004%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.239	+0.037%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.243	+0.078%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.239	+0.041%	$242K	—	120x	as long as short
Hyperliquid AVAX	+0.0486%	1h	11.259	+0.218%	$43.4M	$58.4M	10x	as long as short