Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.014%

Price spread now: MEXC against Aevo+0.016%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$887as in the Funding arb table

Net, price: spread back to 7d avg − costs−$882as in the Price arb table

costs, in and out, $10k−$8818.807% of the position

Long on Aevo Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.016%, 7d avg +0.024%

Together, before fees0.000%$0 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	10.721	0.0104	pay 0.0013% / 1h	56m 12s	$246K	—	3x
Short	MEXC AVAX_USDT	10.723	0.0100	get 0.0100% / 8h	7h 56m	$53.2M	$78.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$0.84
Price spread: +0.016% → +0.024%: −$0.81
Slippage, 4 orders: −$864.73
Fee Aevo: 8 bp × 2 orders: −$16
Fee MEXC: 0 bp × 2 orders: $0
Net: −$882.38
Costs to cover: 8.807%
Break-even: never at this rate

Slippage from Aevo: live order book, 43 min ago; MEXC: live order book, 3 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, 43 min ago	217.59 bp	434.2 bp −$434	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.47 bp	0.5 bp $0	4.4 bp −$44	34.6 bp −$3,460	92.5 bp −$46.3K

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
Nado AVAX-PERP	−0.0400%	1h	10.728	+0.060%	$290K	$326K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0267%	1h	10.727	+0.052%	$3.8M	$11.6M	50x	as long as short
Phemex AVAXUSDT	−0.0230%	8h	10.723	+0.016%	$28.6M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0078%	8h	10.706	−0.142%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0030%	1h	10.726	+0.044%	$4.8M	$6.7M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.767	+0.425%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.726	+0.044%	$12K	—	150x	as long as short
GRVT AVAX_USDT_Perp	+0.0032%	8h	10.719	−0.022%	$345K	$1.2M	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.361%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0066%	8h	10.720	−0.012%	$13.4M	$28.4M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0093%	8h	10.741	+0.185%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.722	+0.006%	$1.1M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.723	+0.016%	$25K	$465K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.730	+0.081%	$36.8M	$40.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.732	+0.102%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.761	+0.370%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.721	−0.003%	$113.5M	$401.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.720	−0.012%	$83.9M	$140.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.718	−0.031%	$18.8M	$106.8M	50x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	10.723	+0.016%	$53.2M	$78.6M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.724	+0.025%	$13.8M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.721	−0.003%	$32.6M	$45.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.718	−0.031%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.719	−0.022%	$436K	$531K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.722	+0.006%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.728	+0.062%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.735	+0.128%	$232K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.757	+0.336%	$12K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.722	+0.006%	$18K	$68K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.723	+0.020%	$327K	$874K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.722	+0.004%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	10.721	long leg	$246K	—	3x
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.732	+0.100%	$838K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.762	+0.379%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.717	−0.042%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.719	−0.021%	$226K	—	120x	as long as short