Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.003%

Price spread now: Lighter against Bitget−0.014%7-day average +0.005% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.014%, 7d avg +0.005%

Together, before fees−0.101%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	11.251	0.0100	pay 0.0100% / 8h	28m 48s	$34.3M	$58.0M	75x
Short	Lighter AVAX	11.249	0.0096	get 0.0012% / 1h	28m 48s	$1.2M	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$0.84
Price spread: −0.014% → +0.005%: −$1.95
Slippage, 4 orders: −$10.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$25.01
Costs to cover: 0.222%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Lighter: 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 Bitget live order book, 5 min ago	0.44 bp	9.2 bp −$9	12.4 bp −$124	21.7 bp −$2,167	doesn't fit
Sell Lighter live order book, 4 min ago	2.14 bp	3.0 bp −$3	14.1 bp −$141	85.0 bp −$8,497	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	−0.542%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.244	−0.062%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0094%	1h	11.242	−0.080%	$297K	$878K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.242	−0.084%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.242	−0.080%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0080%	8h	11.235	−0.140%	$3.0M	$2.4M	—	as long as short
Lighter AVAXshort	+0.0096%	1h	11.249	−0.014%	$1.2M	$3.3M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.240	−0.098%	$19K	$670K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.240	−0.098%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.251	−0.002%	$2.3M	$1.7M	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	11.245	−0.053%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.249	−0.014%	$120.4M	$512.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.250	−0.009%	$89.6M	$155.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.251	0.000%	$20.2M	$144.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.249	−0.018%	$12.5M	$40.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.249	−0.018%	$51.7M	$93.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.251	0.000%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	11.251	long leg	$34.3M	$58.0M	75x
BingX AVAX-USDT	+0.0100%	8h	11.249	−0.018%	—	$86.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.248	−0.027%	$360K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.239	−0.107%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.238	−0.116%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.242	−0.080%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.253	+0.018%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.270	+0.167%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.246	−0.044%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.245	−0.049%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.246	−0.044%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.246	−0.045%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.241	−0.087%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.246	−0.044%	$5.0M	$7.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.240	−0.101%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.249	−0.017%	$4.6M	$13.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.245	−0.053%	$914K	$7.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0424% / S −0.0280%	1h	11.241	−0.085%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0811%	1h	11.267	+0.142%	$43.7M	$55.1M	10x	as long as short