Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h −0.033%

Price spread now: Bybit against ApeX Omni−0.431%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$460.461% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.431%, 7d avg −0.079%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.352% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.431% now, against its 7-day average of −0.079%). If the spread goes back, that is −$35 on $10k: about 28 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.109%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	11.137	0.0058	pay 0.0007% / 1h	51m 02s	$179K	$673K	50x
Short	Bybit AVAXUSDT	11.089	0.0100	get 0.0100% / 8h	4h 51m	$88.3M	$137.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.431%Rate

Funding earned: $8.75
Price spread: −0.431% → −0.079%: −$35.18
Slippage, 4 orders: −$25.08
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$72.5
Costs to cover: 0.461%
Break-even: 65.0 days

Slippage from ApeX Omni: live order book, 7 min ago; Bybit: 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 ApeX Omni live order book, 7 min ago	6.29 bp	14.5 bp −$15	76.7 bp −$767	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.45 bp	8.7 bp −$9	17.0 bp −$170	38.9 bp −$3,891	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	−0.1423%	1h	11.090	−0.422%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0201%	1h	11.086	−0.458%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.106	−0.277%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.096	−0.367%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0002%	1h	11.104	−0.296%	$286K	$395K	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0058%	1h	11.137	long leg	$179K	$673K	50x
Lighter AVAX	+0.0096%	1h	11.091	−0.413%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.104	−0.296%	$16K	$582K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.105	−0.287%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.095	−0.380%	$2.3M	$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	11.107	−0.265%	$290K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.092	−0.406%	$118.0M	$427.8M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.089	−0.431%	$88.3M	$137.5M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.093	−0.395%	$20.2M	$115.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.092	−0.404%	$12.1M	$33.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.093	−0.395%	$48.2M	$77.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.099	−0.341%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.091	−0.413%	$33.3M	$48.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.094	−0.386%	—	$80.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.091	−0.413%	$335K	$524K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.091	−0.417%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.137	0.000%	$355K	$835K	10x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.101	−0.323%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.099	−0.341%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.126	−0.096%	$12K	$702K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.090	−0.422%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.111	−0.235%	$365K	$829K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.094	−0.386%	$29.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.090	−0.422%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.090	−0.424%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.093	−0.398%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.093	−0.395%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.105	−0.287%	$890K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.094	−0.384%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.097	−0.358%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0698%	1h	11.107	−0.269%	$43.3M	$42.2M	10x	as long as short