Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: ApeX Omni against BingX+0.063%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$540.539% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.063% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDC	11.101	0.0100	pay 0.0100% / 8h	4h 48m	—	$6.5M	—
Short	ApeX Omni AVAXUSDT	11.108	0.0100	get 0.0013% / 1h	48m 50s	$179K	$673K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → 0.000%: $6.31
Slippage, 4 orders: −$33.85
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$47.55
Costs to cover: 0.539%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; ApeX Omni: live order book, 10 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 BingX live order book, 2 min ago	0.90 bp	13.2 bp −$13	26.5 bp −$265	83.4 bp −$8,344	453.5 bp −$226.8K
Sell ApeX Omni live order book, 10 min ago	6.29 bp	14.2 bp −$14	87.3 bp −$873	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	11.030	−0.640%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.098	−0.027%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0005%	1h	11.089	−0.104%	$285K	$394K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.091	−0.090%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.098	−0.027%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.098	−0.031%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.081	−0.180%	$16K	$582K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.095	−0.053%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.096	−0.045%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.099	−0.015%	$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 AVAXUSDT	+0.0100%	8h	11.104	+0.023%	$118.1M	$427.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.101	0.000%	$88.3M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.105	+0.036%	$20.3M	$115.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.096	−0.045%	$12.1M	$34.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.101	0.000%	$48.1M	$77.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.106	+0.045%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.100	−0.009%	$33.3M	$48.1M	75x	as long as short
BingX AVAX-USDClong	+0.0100%	8h	11.101	long leg	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.099	−0.018%	$335K	$524K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.091	−0.094%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.137	+0.324%	$355K	$835K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.108	+0.063%	$179K	$673K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.102	+0.009%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.107	+0.054%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.128	+0.246%	$12K	$703K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.101	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.094	−0.063%	$365K	$829K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.100	−0.009%	$29.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.099	−0.014%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.099	−0.015%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.104	+0.029%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.099	−0.018%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.110	+0.081%	$890K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.093	−0.074%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.098	−0.027%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0682%	1h	11.119	+0.162%	$43.3M	$42.3M	10x	as long as short