Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.017%

Price spread now: OKX against Aevo+0.112%50s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$845as 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−$8368.364% of the position

Long on Aevo Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now +0.112%, 7d avg −0.012%

Together, before fees−0.050%−$5 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: OKX is 0.124% dearer against Aevo than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 50 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	11.259	0.0104	pay 0.0013% / 1h	51m 26s	$259K	—	3x
Short	OKX AVAX-USDT-SWAP	11.272	0.0100	get 0.0100% / 8h	51m 26s	$20.3M	$145.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$0.84
Price spread: +0.112% → −0.012%: $12.44
Slippage, 4 orders: −$810.44
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$824.85
Costs to cover: 8.364%
Break-even: never at this rate

Slippage from Aevo: live order book, 27 min ago; OKX: 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, 27 min ago	190.56 bp	399.9 bp −$400	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.44 bp	8.6 bp −$9	18.1 bp −$181	48.6 bp −$4,861	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	−0.1451%	1h	11.200	−0.527%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0105%	1h	11.265	+0.050%	$297K	$888K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.263	+0.032%	$5.3M	$9.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.266	+0.061%	$104K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.273	+0.120%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0042%	8h	11.222	−0.332%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.267	+0.070%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.272	+0.112%	$18K	$677K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.264	+0.045%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.274	+0.133%	$2.3M	$1.8M	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	11.268	+0.075%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.271	+0.103%	$120.5M	$520.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.273	+0.121%	$89.7M	$156.4M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	11.272	+0.112%	$20.3M	$145.6M	50x
Gate AVAX_USDT	+0.0100%	8h	11.271	+0.103%	$12.3M	$40.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.272	+0.112%	$51.4M	$93.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.278	+0.165%	$15.8M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.274	+0.130%	$34.4M	$59.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.272	+0.112%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.265	+0.050%	$360K	$569K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.253	−0.058%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.266	+0.059%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.274	+0.130%	$134K	$457K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.281	+0.192%	$205K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.292	+0.287%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.265	+0.050%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.254	−0.044%	$364K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.266	+0.059%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.266	+0.061%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	11.259	long leg	$259K	—	3x
BloFin AVAX-USDT	+0.0220%	8h	11.268	+0.077%	$5.0M	$7.8M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.270	+0.095%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0269%	1h	11.271	+0.100%	$4.6M	$13.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.293	+0.299%	$920K	$8.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0417% / S −0.0268%	1h	11.272	+0.111%	$238K	—	120x	as long as short
Hyperliquid AVAX	+0.0807%	1h	11.291	+0.281%	$43.7M	$55.2M	10x	as long as short