Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: MEXC against Bitget−0.027%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 7 days+0.062%+$6 · spread now −0.027%, 7d avg +0.022%

Together, before fees+0.051%+$5 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: MEXC is 0.049% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	11.191	0.0100	pay 0.0100% / 8h	7h 15m	$34.0M	$53.4M	75x
Short	MEXC AVAX_USDT	11.188	0.0100	get 0.0100% / 8h	7h 15m	$48.8M	$88.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.022%: −$4.93
Slippage, 4 orders: −$9.17
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$26.1
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; MEXC: 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, 4 min ago	0.45 bp	9.0 bp −$9	14.7 bp −$147	27.3 bp −$2,726	doesn't fit
Sell MEXC live order book, 4 min ago	0.45 bp	0.4 bp $0	2.9 bp −$29	38.6 bp −$3,859	88.4 bp −$44.2K

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	−0.1363%	1h	11.120	−0.634%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0108%	1h	11.181	−0.089%	$5.3M	$8.5M	25x	as long as short
Nado AVAX-PERP	−0.0057%	1h	11.189	−0.013%	$293K	$732K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.187	−0.040%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.180	−0.101%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.189	−0.021%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.187	−0.036%	$15K	$612K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.190	−0.013%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.190	−0.013%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.193	+0.018%	$297K	$100K	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	11.187	−0.033%	$119.4M	$476.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.189	−0.018%	$89.1M	$147.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.188	−0.027%	$20.0M	$130.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.189	−0.018%	$12.1M	$38.3M	75x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	11.188	−0.027%	$48.8M	$88.9M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.192	+0.009%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	11.191	long leg	$34.0M	$53.4M	75x
BingX AVAX-USDT	+0.0100%	8h	11.191	0.000%	—	$85.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.187	−0.036%	$358K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.178	−0.118%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.170	−0.185%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.172	−0.170%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.190	−0.009%	$131K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.187	−0.036%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.211	+0.177%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.185	−0.054%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.176	−0.134%	$362K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.187	−0.036%	$30.0M	$5.2M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.187	−0.035%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.179	−0.107%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.187	−0.038%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.173	−0.161%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.187	−0.033%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.155	−0.322%	$921K	$6.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.178	−0.117%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0686%	1h	11.204	+0.116%	$43.8M	$49.6M	10x	as long as short