Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Extended against Aevo−0.031%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2,079as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,067as in the Price arb table

costs, in and out, $10k−$2,06820.675% of the position

Long on Aevo Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)+0.411%+$41 · spread now −0.031%, 7d avg −0.040%

Together, before fees+0.298%+ Points / potential airdropExtended: Active · farm board+$30 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	10.819	0.0104	pay 0.0013% / 1h	22m 52s	$249K	—	3x
Short	Extended AVAX-USD	10.816	0.0104	get 0.0013% / 1h	22m 52s	$612K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.040%: $0.92
Slippage, 4 orders: −$2,046.54
Fee Aevo: 8 bp × 2 orders: −$16
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$2,066.62
Costs to cover: 20.675%
Break-even: never at this rate

Slippage from Aevo: live order book, 11 min ago; Extended: live order book, just now.

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, 11 min ago	560.14 bp	969.5 bp −$969	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, just now	0.92 bp	7.8 bp −$8	10.1 bp −$101	doesn't fit	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
Kraken Futures PF_AVAXUSD	−0.0264%	1h	10.828	+0.080%	$3.8M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0207%	1h	10.800	−0.171%	$281K	$320K	10x	as long as short
Phemex AVAXUSDT	−0.0151%	8h	10.818	−0.009%	$28.9M	$5.6M	50x	as long as short
Variational Omni AVAX	−0.0085%	8h	10.745	−0.680%	$3.0M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0070%	1h	10.823	+0.037%	$18K	$68K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.778	−0.379%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.828	+0.083%	$4.9M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.823	+0.039%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0022%	8h	10.822	+0.028%	$13.9M	$29.0M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.545%	$17K	$151K	12x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AVAX_USDT_Perp	+0.0077%	8h	10.772	−0.435%	$339K	$1.2M	10x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	10.802	−0.159%	$12K	$62	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.823	+0.039%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.798	−0.194%	$22K	$469K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.834	+0.139%	$36.0M	$39.5M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.820	+0.012%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.807	−0.111%	$272K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.819	+0.003%	$114.1M	$389.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.820	+0.009%	$84.5M	$136.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.820	+0.009%	$19.1M	$105.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.818	−0.009%	$53.6M	$79.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.820	+0.009%	$14.0M	$20.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.821	+0.018%	$33.0M	$45.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.819	0.000%	—	$52.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.828	+0.083%	$439K	$532K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.759	−0.555%	$174K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.809	−0.092%	$136K	$279K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.830	+0.102%	$234K	$239K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.848	+0.272%	$12K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.820	+0.014%	$334K	$847K	75x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	10.816	−0.031%	$612K	$1.4M	25x
Aevo AVAX-PERPlong	+0.0104%	1h	10.819	long leg	$249K	—	3x
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.828	+0.083%	$859K	$5.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.825	+0.055%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.810	−0.083%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.825	+0.056%	$229K	—	120x	as long as short