Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.012%

Price spread now: BloFin against Aevo−0.091%53s7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$741as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$7577.568% of the position

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.091%, 7d avg +0.029%

Together, before fees+0.269%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.120% cheaper against Aevo than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of +0.029%). If the spread goes back, that is −$12 on $10k: about 3.5 days of funding at the current rate (+$3 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	10.739	0.0104	pay 0.0013% / 1h	56m 23s	$247K	—	3x
Short	BloFin AVAX-USDT	10.729	0.0220	get 0.0220% / 8h	2h 56m	$4.8M	$5.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.091%Rate

Funding earned: $24.36
Price spread: −0.091% → +0.029%: −$12.02
Slippage, 4 orders: −$728.8
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$744.46
Costs to cover: 7.568%
Break-even: 220.9 days

Slippage from Aevo: live order book, 58 min ago; BloFin: live order book, 2 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, 58 min ago	179.73 bp	354.1 bp −$354	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	7.93 bp	15.0 bp −$15	17.1 bp −$171	31.2 bp −$3,123	73.4 bp −$36.7K

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	−0.1423%	1h	10.760	+0.197%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.739	+0.001%	$4.1M	$11.1M	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0122%	1h	10.735	−0.035%	$4.8M	$7.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.733	−0.051%	$94K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.737	−0.015%	$12K	—	150x	as long as short
Polymarket Perps AVAX-USD	+0.0012%	1h	10.733	−0.054%	$132K	$343K	10x	as long as short
Gate AVAX_USDT	+0.0044%	8h	10.732	−0.063%	$12.1M	$31.3M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0053%	1h	10.731	−0.073%	$376K	$530K	15x	as long as short
Variational Omni AVAX	+0.0067%	8h	10.769	+0.278%	$2.8M	$2.2M	—	as long as short
Lighter AVAX	+0.0096%	1h	10.729	−0.089%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.732	−0.063%	$9K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.732	−0.065%	$12K	$212	20x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.728	−0.096%	$281K	$311K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.742	+0.030%	$40.3M	$40.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.729	−0.090%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.738	−0.011%	$270K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.736	−0.026%	$112.2M	$421.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.729	−0.091%	$80.0M	$142.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.734	−0.045%	$19.3M	$109.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.734	−0.045%	$43.5M	$78.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.732	−0.063%	$14.8M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.731	−0.073%	$31.9M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.735	−0.035%	—	$54.7M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.775	+0.336%	$343K	$940K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.767	+0.263%	$173K	$664K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.741	+0.020%	$189K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.761	+0.209%	$11K	$731K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.733	−0.054%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.726	−0.124%	$356K	$780K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.730	−0.082%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.729	−0.091%	$664K	$1.3M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	10.739	long leg	$247K	—	3x
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.743	+0.039%	$880K	$4.7M	50x	as long as short
BloFin AVAX-USDTshort	+0.0220%	8h	10.729	−0.091%	$4.8M	$5.4M	100x
Reya AVAXRUSDPERP	+0.0244%	1h	10.728	−0.103%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0272%	1h	10.736	−0.028%	$234K	—	120x	as long as short