Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.010%

Price spread now: Bitget against Aevo−0.012%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,127as in the Price arb table

costs, in and out, $10k−$1,12711.275% of the position

Long on Aevo Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 3 days (all we have)+0.493%+$49 · spread now −0.012%, 7d avg −0.012%

Together, before fees+0.444%+$44 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	11.181	0.0096	pay 0.0012% / 1h	55m 12s	$257K	—	3x
Short	Bitget AVAXUSDT	11.180	0.0100	get 0.0100% / 8h	2h 55m	$34.4M	$61.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0.84
Price spread: −0.012% → −0.012%: $0.07
Slippage, 4 orders: −$1,099.48
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,126.57
Costs to cover: 11.275%
Break-even: 9395.1 days

Slippage from Aevo: live order book, 33 min ago; Bitget: 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, 33 min ago	256.32 bp	563.2 bp −$563	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.45 bp	9.5 bp −$10	18.1 bp −$181	33.7 bp −$3,371	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
Deribit AVAX_USDC-PERPETUAL	−0.0197%	1h	11.183	+0.015%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0194%	8h	11.123	−0.518%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0172%	1h	11.186	+0.042%	$299K	$963K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.727%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0032%	1h	11.179	−0.019%	$666K	$2.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.186	+0.041%	$98K	$127K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.193	+0.102%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0013%	8h	11.176	−0.048%	$85.4M	$148.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0026%	8h	11.177	−0.039%	$20.0M	$147.6M	50x	as long as short
Phemex AVAXUSDT	+0.0031%	8h	11.178	−0.030%	$30.0M	$4.8M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AVAX_USDT	+0.0050%	8h	11.189	+0.069%	$12.4M	$39.2M	75x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.183	+0.015%	$907K	$8.1M	50x	as long as short
MEXC AVAX_USDT	+0.0060%	8h	11.177	−0.039%	$54.3M	$108.1M	200x	as long as short
Binance AVAXUSDT	+0.0061%	8h	11.178	−0.028%	$119.9M	$541.1M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	11.177	−0.043%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.178	−0.029%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.188	+0.060%	$12K	$698K	50x	as long as short
Aevo AVAX-PERPlong	+0.0096%	1h	11.181	long leg	$257K	—	3x
Aster AVAXUSDT	+0.0100%	8h	11.186	+0.044%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.185	+0.034%	$297K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.180	−0.012%	$16.0M	$24.7M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	11.180	−0.012%	$34.4M	$61.7M	75x
BingX AVAX-USDT	+0.0100%	8h	11.175	−0.056%	—	$90.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.180	−0.012%	$318K	$551K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.114	−0.603%	$358K	$905K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.113	−0.611%	$179K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.192	+0.096%	$116K	$476K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.197	+0.140%	$201K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.221	+0.352%	$12K	$709K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.181	−0.003%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.190	+0.073%	$357K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0181%	8h	11.177	−0.039%	$5.0M	$8.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.190	+0.075%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0257%	1h	11.187	+0.054%	$4.7M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0407% / S −0.0244%	1h	11.193	+0.104%	$241K	—	120x	as long as short
Hyperliquid AVAX	+0.0463%	1h	11.206	+0.221%	$42.3M	$58.8M	10x	as long as short