Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.024%

Price spread now: Bybit against BingX0.000%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 7 days+0.002%$0 · spread now 0.000%, 7d avg −0.009%

Together, before fees−0.065%−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDT	11.261	0.0100	pay 0.0100% / 8h	1h 40m	—	$89.7M	—
Short	Bybit AVAXUSDT	11.261	0.0100	get 0.0100% / 8h	1h 40m	$88.1M	$157.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.009%: $0.85
Slippage, 4 orders: −$8.59
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$28.74
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; Bybit: 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 BingX live order book, 14 min ago	0.89 bp	5.9 bp −$6	7.6 bp −$76	10.5 bp −$1,049	24.8 bp −$12.4K
Sell Bybit live order book, 4 min ago	0.44 bp	9.9 bp −$10	17.4 bp −$174	39.0 bp −$3,900	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	−0.0570%	1h	11.190	−0.630%	$17K	$151K	12x	as long as short
Variational Omni AVAX	−0.0031%	8h	11.242	−0.167%	$3.0M	$2.4M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0016%	1h	11.258	−0.027%	$5.3M	$9.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.249	−0.105%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.263	+0.017%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0016%	1h	11.254	−0.062%	$297K	$896K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.252	−0.079%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.255	−0.053%	$15K	$694K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.254	−0.064%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.255	−0.054%	$2.3M	$1.9M	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	11.254	−0.062%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.263	+0.018%	$120.4M	$527.0M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.261	0.000%	$88.1M	$157.5M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.262	+0.009%	$20.3M	$146.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.257	−0.036%	$12.6M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.262	+0.009%	$52.1M	$99.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.259	−0.018%	$16.7M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.259	−0.018%	$34.3M	$60.4M	75x	as long as short
BingX AVAX-USDTlong	+0.0100%	8h	11.261	long leg	—	$89.7M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.241	−0.178%	$359K	$578K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.227	−0.305%	$355K	$886K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.230	−0.275%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.259	−0.018%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.270	+0.080%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.285	+0.217%	$12K	$729K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.259	−0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.238	−0.209%	$362K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.243	−0.160%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.256	−0.046%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.098	−1.446%	$255K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.261	0.000%	$907K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.242	−0.169%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.254	−0.058%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.262	+0.011%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0552%	1h	11.275	+0.124%	$43.6M	$57.9M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.267	+0.051%	$4.6M	$13.6M	50x	as long as short