Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.006%

Price spread now: Phemex against Aevo+0.049%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$778as in the Funding arb table

Net, price: spread back to 7d avg − costs−$774as in the Price arb table

costs, in and out, $10k−$7747.745% of the position

Long on Aevo Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.049%, 7d avg +0.045%

Together, before fees−0.073%−$7 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	10.990	0.0104	pay 0.0013% / 1h	55m 52s	$252K	—	3x
Short	Phemex AVAXUSDT	10.995	0.0100	get 0.0100% / 8h	3h 55m	$29.3M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$0.84
Price spread: +0.049% → +0.045%: $0.38
Slippage, 4 orders: −$746.49
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$774.95
Costs to cover: 7.745%
Break-even: never at this rate

Slippage from Aevo: live order book, 63 min ago; Phemex: 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, 63 min ago	181.25 bp	362.4 bp −$362	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	0.46 bp	14.3 bp −$14	25.2 bp −$252	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
Injective AVAX/USDC PERP	−0.1421%	1h	10.940	−0.452%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0114%	1h	10.993	+0.031%	$5.1M	$7.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.980	−0.092%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.986	−0.030%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.995	+0.046%	$4.2M	$11.2M	50x	as long as short
Nado AVAX-PERP	+0.0033%	1h	10.979	−0.101%	$285K	$317K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.992	+0.017%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.979	−0.097%	$15K	$458K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.979	−0.094%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.987	−0.024%	$2.2M	$1.1M	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	10.981	−0.078%	$277K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.993	+0.031%	$115.9M	$428.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.989	−0.006%	$85.0M	$139.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.997	+0.067%	$20.2M	$114.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.993	+0.031%	$12.1M	$32.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.988	−0.015%	$45.7M	$77.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.992	+0.022%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.982	−0.069%	$32.9M	$47.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.990	+0.003%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.990	+0.003%	$368K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.987	−0.028%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.995	+0.048%	$351K	$882K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.999	+0.085%	$177K	$671K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.978	−0.106%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.999	+0.085%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.024	+0.315%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.992	+0.022%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.990	0.000%	$366K	$811K	75x	as long as short
Phemex AVAXUSDTshort	+0.0100%	8h	10.995	+0.049%	$29.3M	$5.8M	50x
Extended AVAX-USD	+0.0104%	1h	10.982	−0.073%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	10.990	long leg	$252K	—	3x
BloFin AVAX-USDT	+0.0220%	8h	10.986	−0.033%	$5.0M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.003	+0.122%	$894K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.973	−0.154%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0308%	1h	11.004	+0.131%	$42.7M	$41.9M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.986	−0.037%	$233K	—	120x	as long as short