Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0715%/8h= +78.3% APRpaid last 24h +0.080%

Price spread now: Hyperliquid against Bitget+0.142%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Bitget Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days−0.110%−$11 · spread now +0.142%, 7d avg +0.049%

Together, before fees−0.079%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Hyperliquid is 0.094% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.049%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.030% in total (about 1.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	11.230	0.0100	pay 0.0100% / 8h	36m 37s	$34.2M	$58.4M	75x
Short	Hyperliquid AVAX	11.246	0.0815	get 0.0102% / 1h	36m 37s	$43.6M	$55.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.142%Rate

Funding earned: $150.08
Price spread: +0.142% → +0.049%: $9.37
Slippage, 4 orders: −$7.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $130.83
Costs to cover: 0.286%
Break-even: 0.9 days

Slippage from Bitget: live order book, 2 min ago; Hyperliquid: live order book, 7 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, 2 min ago	0.44 bp	9.5 bp −$10	14.7 bp −$147	25.9 bp −$2,588	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.44 bp	5.8 bp −$6	9.8 bp −$98	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	−0.1451%	1h	11.190	−0.356%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.227	−0.027%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0091%	1h	11.227	−0.022%	$296K	$883K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.229	−0.013%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.230	0.000%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0065%	8h	11.239	+0.081%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.227	−0.022%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.230	0.000%	$18K	$674K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.226	−0.033%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.232	+0.019%	$2.3M	$1.8M	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	11.232	+0.015%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.231	+0.009%	$120.1M	$514.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.230	0.000%	$89.4M	$155.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.230	0.000%	$20.2M	$144.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.226	−0.036%	$12.4M	$40.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.226	−0.036%	$52.0M	$93.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.232	+0.018%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	11.230	long leg	$34.2M	$58.4M	75x
BingX AVAX-USDC	+0.0100%	8h	11.229	−0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.227	−0.027%	$359K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.242	+0.108%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.234	+0.036%	$180K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.234	+0.036%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.237	+0.062%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.258	+0.248%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.226	−0.036%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.216	−0.126%	$362K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.226	−0.036%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.229	−0.013%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.226	−0.040%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.228	−0.018%	$5.0M	$7.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.230	−0.003%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.232	+0.016%	$4.6M	$13.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.243	+0.116%	$914K	$7.9M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0422% / S −0.0276%	1h	11.228	−0.014%	$237K	—	120x	as long as short
Hyperliquid AVAXshort	+0.0815%	1h	11.246	+0.142%	$43.6M	$55.0M	10x