Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%

Price spread now: MEXC against ApeX Omni−0.681%111s7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as 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−$340.343% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 4 days (all we have)+0.388%+$39 · spread now −0.681%, 7d avg −0.040%

Together, before fees+0.325%+$32 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: MEXC is 0.641% cheaper against ApeX Omni than usual: you would sell low and buy high, −$64 on $10k if it goes back to its 7-day average of −0.040%. The two prices were read 111 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	ApeX Omni AVAXUSDT	10.727	0.0100	pay 0.0013% / 1h	53m 34s	$173K	$665K	50x
Short	MEXC AVAX_USDT	10.654	0.0100	get 0.0100% / 8h	2h 53m	$41.2M	$78.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.681%Rate

Funding earned: $0
Price spread: −0.681% → −0.040%: −$64.1
Slippage, 4 orders: −$24.31
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$98.41
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 60 min ago; MEXC: live order book, 5 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, 60 min ago	6.36 bp	15.7 bp −$16	64.9 bp −$649	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.93 bp	2.3 bp −$2	5.4 bp −$54	50.0 bp −$4,996	103.6 bp −$51.8K

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	10.760	+0.308%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0280%	1h	10.674	−0.495%	$4.1M	$11.1M	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0218%	1h	10.668	−0.550%	$4.8M	$7.5M	25x	as long as short
Polymarket Perps AVAX-USD	−0.0038%	1h	10.668	−0.550%	$131K	$343K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.659	−0.637%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.671	−0.520%	$12K	—	150x	as long as short
Backpack AVAX_USDC_PERP	+0.0014%	1h	10.676	−0.475%	$372K	$531K	15x	as long as short
Gate AVAX_USDT	+0.0025%	8h	10.649	−0.727%	$12.0M	$31.5M	75x	as long as short
Variational Omni AVAX	+0.0052%	8h	10.727	−0.004%	$2.8M	$2.2M	—	as long as short
SoDEX AVAX-USD	+0.0089%	1h	10.670	−0.531%	$18K	$72K	10x	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	+0.0096%	8h	10.653	−0.691%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.655	−0.674%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.668	−0.550%	$8K	$441K	50x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.671	−0.520%	$283K	$320K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.660	−0.625%	$39.4M	$41.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.650	−0.718%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.657	−0.652%	$268K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.655	−0.673%	$111.3M	$423.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.644	−0.774%	$79.1M	$142.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.649	−0.727%	$19.1M	$109.0M	50x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	10.654	−0.681%	$41.2M	$78.5M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.650	−0.718%	$14.7M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.644	−0.774%	$31.5M	$48.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.649	−0.727%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.726	−0.013%	$338K	$950K	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	10.727	long leg	$173K	$665K	50x
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.671	−0.522%	$187K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.698	−0.268%	$11K	$732K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.669	−0.536%	$353K	$780K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.679	−0.447%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.644	−0.773%	$644K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.666	−0.569%	$245K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.669	−0.541%	$872K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.705	−0.205%	$4.8M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.661	−0.612%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.672	−0.513%	$233K	—	120x	as long as short