Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.014%

Price spread now: Aevo against Binance+0.045%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$753as in the Funding arb table

Net, price: spread back to 7d avg − costs−$753as in the Price arb table

costs, in and out, $10k−$7607.596% of the position

Long on Binance Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.307%−$31 · spread now +0.045%, 7d avg −0.021%

Together, before fees−0.245%−$25 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: Aevo is 0.066% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	11.076	0.0100	pay 0.0100% / 8h	4h 27m	$117.6M	$426.7M	75x
Short	Aevo AVAX-PERP	11.081	0.0104	get 0.0013% / 1h	27m 38s	$255K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now +0.045%Rate

Funding earned: $0.84
Price spread: +0.045% → −0.021%: $6.62
Slippage, 4 orders: −$733.58
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$752.11
Costs to cover: 7.596%
Break-even: 6274.6 days

Slippage from Binance: live order book, 16 min ago; Aevo: live order book, 31 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 Binance live order book, 16 min ago	0.45 bp	5.4 bp −$5	10.1 bp −$101	39.1 bp −$3,911	138.6 bp −$69.3K
Sell Aevo live order book, 31 min ago	181.25 bp	386.3 bp −$386	doesn't fit	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	−0.1423%	1h	11.100	+0.217%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0111%	1h	11.077	+0.009%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0029%	1h	11.108	+0.289%	$286K	$368K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.077	+0.013%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.091	+0.138%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.076	+0.003%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.077	+0.009%	$15K	$548K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.076	−0.003%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.081	+0.049%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.078	+0.022%	$289K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDTlong	+0.0100%	8h	11.076	long leg	$117.6M	$426.7M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.073	−0.027%	$87.8M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.082	+0.054%	$20.4M	$114.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.073	−0.027%	$12.2M	$34.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.079	+0.027%	$47.6M	$77.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.079	+0.027%	$15.6M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.079	+0.027%	$33.2M	$47.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.078	+0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.075	−0.009%	$335K	$521K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.137	+0.547%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.143	+0.607%	$353K	$853K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.143	+0.605%	$179K	$672K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.104	+0.253%	$130K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.092	+0.144%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.133	+0.511%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.079	+0.027%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.079	+0.032%	$362K	$819K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.081	+0.045%	$29.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.074	−0.020%	$685K	$1.4M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	11.081	+0.045%	$255K	—	3x
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.084	+0.068%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.138	+0.560%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.090	+0.126%	$887K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.103	+0.241%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.092	+0.148%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0578%	1h	11.089	+0.117%	$43.0M	$42.3M	10x	as long as short