Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.008%

Price spread now: BingX against Aevo−0.036%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$853as in the Funding arb table

Net, price: spread back to 7d avg − costs−$853as in the Price arb table

costs, in and out, $10k−$8498.494% of the position

Long on Aevo Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.036% cheaper against Aevo than usual: you would sell low and buy high, −$4 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	Aevo AVAX-PERP	11.122	0.0104	pay 0.0013% / 1h	29m 46s	$255K	—	3x
Short	BingX AVAX-USDT	11.118	0.0100	get 0.0100% / 8h	6h 29m	—	$83.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$0.84
Price spread: −0.036% → 0.000%: −$3.6
Slippage, 4 orders: −$823.35
Fee Aevo: 8 bp × 2 orders: −$16
Fee BingX: 5 bp × 2 orders: −$10
Net: −$853.79
Costs to cover: 8.494%
Break-even: never at this rate

Slippage from Aevo: live order book, 39 min ago; BingX: 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 Aevo live order book, 39 min ago	193.84 bp	408.0 bp −$408	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	0.90 bp	5.9 bp −$6	5.9 bp −$59	11.2 bp −$1,122	28.6 bp −$14.3K

AVAX on 35 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	−0.1423%	1h	11.090	−0.288%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.121	−0.009%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0050%	1h	11.125	+0.031%	$286K	$516K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.120	−0.021%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.121	−0.007%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0066%	8h	11.119	−0.027%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.113	−0.082%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.126	+0.036%	$15K	$595K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.123	+0.007%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.122	+0.002%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.126	+0.039%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.117	−0.042%	$118.4M	$465.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.117	−0.045%	$88.5M	$143.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.117	−0.045%	$20.0M	$124.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.121	−0.009%	$48.7M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.126	+0.036%	$15.6M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.113	−0.081%	$33.4M	$51.6M	75x	as long as short
BingX AVAX-USDTshort	+0.0100%	8h	11.118	−0.036%	—	$83.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.126	+0.036%	$356K	$536K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.127	+0.043%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.117	−0.045%	$350K	$800K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.118	−0.036%	$179K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.129	+0.063%	$131K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.128	+0.054%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.153	+0.282%	$13K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.124	+0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.123	+0.013%	$361K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.124	+0.018%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.115	−0.063%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	11.122	long leg	$255K	—	3x
Reya AVAXRUSDPERP	+0.0244%	1h	11.120	−0.015%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.126	+0.032%	$4.3M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.127	+0.045%	$904K	$5.9M	50x	as long as short
Hyperliquid AVAX	+0.0416%	1h	11.129	+0.063%	$43.3M	$47.1M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.121	−0.010%	$236K	—	120x	as long as short