Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: ApeX Omni against Bitget−0.204%7-day average +0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 3 days (all we have)+0.503%+$50 · spread now −0.204%, 7d avg +0.078%

Together, before fees+0.554%+$55 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: ApeX Omni is 0.283% cheaper against Bitget than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	11.253	0.0100	pay 0.0100% / 8h	1h 43m	$34.1M	$60.5M	75x
Short	ApeX Omni AVAXUSDT	11.230	0.0100	get 0.0013% / 1h	43m 30s	$180K	$686K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.204%Rate

Funding earned: $0
Price spread: −0.204% → +0.078%: −$28.29
Slippage, 4 orders: −$21.82
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$72.11
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; ApeX Omni: live order book, 40 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, 6 min ago	1.34 bp	9.7 bp −$10	16.5 bp −$165	39.7 bp −$3,970	doesn't fit
Sell ApeX Omni live order book, 40 min ago	5.74 bp	13.1 bp −$13	104.9 bp −$1,049	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	−0.0570%	1h	11.160	−0.826%	$17K	$151K	12x	as long as short
Variational Omni AVAX	−0.0033%	8h	11.187	−0.583%	$2.9M	$2.4M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0017%	1h	11.233	−0.178%	$5.3M	$9.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.251	−0.020%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.252	−0.009%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0015%	1h	11.252	−0.004%	$297K	$912K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.249	−0.035%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.253	0.000%	$15K	$694K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.250	−0.025%	$13K	$766	20x	as long as short
Gate AVAX_USDT	+0.0099%	8h	11.252	−0.009%	$12.6M	$40.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.254	+0.004%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.255	+0.016%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.252	−0.009%	$120.4M	$528.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.250	−0.027%	$88.0M	$157.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.251	−0.018%	$20.2M	$146.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.253	0.000%	$52.3M	$99.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.258	+0.044%	$16.2M	$24.4M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	11.253	long leg	$34.1M	$60.5M	75x
BingX AVAX-USDC	+0.0100%	8h	11.253	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.236	−0.151%	$358K	$578K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.227	−0.234%	$355K	$886K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.230	−0.204%	$180K	$686K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.256	+0.027%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.259	+0.053%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.262	+0.082%	$12K	$729K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.234	−0.169%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.233	−0.173%	$362K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.235	−0.160%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.250	−0.024%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.231	−0.199%	$258K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.240	−0.116%	$906K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.222	−0.275%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.252	−0.012%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.251	−0.019%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0525%	1h	11.269	+0.146%	$43.6M	$57.9M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0629%	1h	11.241	−0.105%	$4.6M	$13.6M	50x	as long as short