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 +0.009%

Price spread now: Aevo against Bitget−0.130%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$762as in the Funding arb table

Net, price: spread back to 7d avg − costs−$781as in the Price arb table

costs, in and out, $10k−$7677.671% of the position

Long on Bitget Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now −0.130%, 7d avg +0.010%

Together, before fees−0.060%−$6 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 0.139% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	11.160	0.0100	pay 0.0100% / 8h	4h 30m	$33.5M	$48.0M	75x
Short	Aevo AVAX-PERP	11.146	0.0104	get 0.0013% / 1h	30m 15s	$256K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now −0.130%Rate

Funding earned: $0.84
Price spread: −0.130% → +0.010%: −$13.95
Slippage, 4 orders: −$739.05
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$780.16
Costs to cover: 7.671%
Break-even: 6508.3 days

Slippage from Bitget: live order book, 4 min ago; Aevo: live order book, 29 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 Bitget live order book, 4 min ago	0.45 bp	8.7 bp −$9	13.8 bp −$138	27.3 bp −$2,735	doesn't fit
Sell Aevo live order book, 29 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	11.090	−0.627%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0034%	1h	11.146	−0.121%	$287K	$368K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.149	−0.094%	$98K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.152	−0.072%	$5.2M	$7.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.149	−0.098%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.153	−0.065%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.145	−0.134%	$15K	$563K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.144	−0.139%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.148	−0.109%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.149	−0.103%	$291K	$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	11.157	−0.027%	$118.4M	$426.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.155	−0.045%	$88.5M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.163	+0.027%	$20.4M	$115.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.151	−0.081%	$12.2M	$34.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.160	0.000%	$48.0M	$77.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.156	−0.036%	$15.7M	$21.7M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	11.160	long leg	$33.5M	$48.0M	75x
BingX AVAX-USDC	+0.0100%	8h	11.158	−0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.160	0.000%	$337K	$521K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.137	−0.210%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.108	−0.467%	$352K	$853K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.143	−0.152%	$179K	$672K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.150	−0.090%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.156	−0.036%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.175	+0.139%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.154	−0.054%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.146	−0.121%	$364K	$819K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.155	−0.045%	$29.8M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.150	−0.089%	$685K	$1.4M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	11.146	−0.130%	$256K	—	3x
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.156	−0.036%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.145	−0.134%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.158	−0.018%	$892K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.146	−0.123%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.149	−0.103%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0592%	1h	11.172	+0.110%	$43.3M	$42.3M	10x	as long as short