Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.032%

Price spread now: Bybit against Aevo+0.130%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$783as in the Funding arb table

Net, price: spread back to 7d avg − costs−$757as in the Price arb table

costs, in and out, $10k−$7727.720% of the position

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)+0.303%+$30 · spread now +0.130%, 7d avg −0.020%

Together, before fees+0.196%+$20 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: Bybit is 0.150% dearer against Aevo than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	11.169	0.0104	pay 0.0013% / 1h	15m 17s	$257K	—	3x
Short	Bybit AVAXUSDT	11.184	0.0100	get 0.0100% / 8h	5h 15m	$88.8M	$138.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.130%Rate

Funding earned: −$0.84
Price spread: +0.130% → −0.020%: $14.99
Slippage, 4 orders: −$744.98
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$757.83
Costs to cover: 7.720%
Break-even: never at this rate

Slippage from Aevo: live order book, 49 min ago; Bybit: 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, 49 min ago	178.64 bp	368.2 bp −$368	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.45 bp	7.5 bp −$8	13.1 bp −$131	32.1 bp −$3,210	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	−0.1374%	1h	11.120	−0.443%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0108%	1h	11.182	+0.112%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0076%	1h	11.185	+0.144%	$288K	$443K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.187	+0.161%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.183	+0.121%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.188	+0.165%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.184	+0.135%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.185	+0.139%	$16K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.188	+0.163%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.190	+0.182%	$2.3M	$1.2M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.190	+0.183%	$292K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.184	+0.126%	$119.7M	$430.9M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.184	+0.130%	$88.8M	$138.1M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.186	+0.148%	$20.3M	$117.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.185	+0.139%	$12.2M	$35.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.185	+0.139%	$49.4M	$79.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.189	+0.175%	$15.8M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.184	+0.130%	$33.7M	$48.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.187	+0.157%	—	$81.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.188	+0.166%	$359K	$494K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.196	+0.241%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.180	+0.092%	$353K	$813K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.185	+0.139%	$180K	$675K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.188	+0.166%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.191	+0.193%	$197K	$312K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.221	+0.465%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.185	+0.139%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.197	+0.251%	$367K	$864K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.187	+0.157%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.182	+0.113%	$687K	$1.5M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	11.169	long leg	$257K	—	3x
BloFin AVAX-USDT	+0.0220%	8h	11.188	+0.166%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.206	+0.327%	$901K	$5.4M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.183	+0.118%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.184	+0.130%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0569%	1h	11.203	+0.302%	$43.6M	$42.8M	10x	as long as short