Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: Bitget against ApeX Omni+0.018%7-day average −0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 3 days (all we have)−0.416%−$42 · spread now +0.018%, 7d avg −0.079%

Together, before fees−0.467%−$47 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: Bitget is 0.097% dearer against ApeX Omni than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	11.171	0.0100	pay 0.0013% / 1h	44m 43s	$180K	$685K	50x
Short	Bitget AVAXUSDT	11.173	0.0100	get 0.0100% / 8h	2h 44m	$34.3M	$61.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → −0.079%: $9.67
Slippage, 4 orders: −$21.85
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$34.18
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 44 min ago; Bitget: 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 ApeX Omni live order book, 44 min ago	4.52 bp	11.9 bp −$12	100.3 bp −$1,003	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.45 bp	9.2 bp −$9	17.0 bp −$170	46.0 bp −$4,598	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
Deribit AVAX_USDC-PERPETUAL	−0.0286%	1h	11.183	+0.107%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0177%	8h	11.179	+0.068%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0103%	1h	11.181	+0.094%	$296K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.636%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0016%	1h	11.165	−0.050%	$666K	$2.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.187	+0.143%	$98K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.189	+0.161%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0043%	8h	11.177	+0.054%	$84.9M	$150.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0044%	8h	11.172	+0.009%	$20.0M	$147.0M	50x	as long as short
Gate AVAX_USDT	+0.0044%	8h	11.175	+0.036%	$12.5M	$39.6M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0053%	8h	11.176	+0.045%	$30.0M	$4.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.192	+0.188%	$892K	$8.1M	50x	as long as short
MEXC AVAX_USDT	+0.0067%	8h	11.169	−0.018%	$54.0M	$108.7M	200x	as long as short
Binance AVAXUSDT	+0.0069%	8h	11.172	+0.009%	$119.8M	$539.1M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0094%	8h	11.180	+0.083%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.170	−0.009%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.185	+0.125%	$13K	$697K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.181	+0.090%	$257K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.180	+0.076%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.186	+0.135%	$297K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.176	+0.045%	$15.9M	$24.6M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	11.173	+0.018%	$34.3M	$61.1M	75x
BingX AVAX-USDC	+0.0100%	8h	11.173	+0.018%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.177	+0.054%	$326K	$554K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.161	−0.093%	$358K	$907K	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	11.171	long leg	$180K	$685K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.187	+0.143%	$124K	$475K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.191	+0.179%	$201K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.211	+0.355%	$12K	$712K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.182	+0.098%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.176	+0.043%	$358K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0189%	8h	11.182	+0.098%	$5.0M	$8.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.184	+0.115%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0257%	1h	11.193	+0.198%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0401%	1h	11.190	+0.172%	$42.5M	$58.4M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.187	+0.147%	$241K	—	120x	as long as short