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 +0.003%

Price spread now: Phemex against Bitget+0.045%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 3 days (all we have)−0.117%−$12 · spread now +0.045%, 7d avg +0.059%

Together, before fees−0.108%−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	11.101	0.0100	pay 0.0100% / 8h	6h 29m	$33.3M	$51.5M	75x
Short	Phemex AVAXUSDT	11.106	0.0100	get 0.0100% / 8h	6h 29m	$29.6M	$5.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.059%: −$1.42
Slippage, 4 orders: −$27.9
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$53.32
Costs to cover: 0.519%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Phemex: live order book, 5 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	0.45 bp	9.8 bp −$10	16.7 bp −$167	30.2 bp −$3,022	doesn't fit
Sell Phemex live order book, 5 min ago	2.70 bp	14.8 bp −$15	21.0 bp −$210	doesn't fit	doesn't fit

AVAX on 35 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	11.080	−0.189%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.102	+0.009%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0049%	1h	11.100	−0.009%	$286K	$509K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.111	+0.087%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.104	+0.027%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0062%	8h	11.108	+0.063%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.108	+0.059%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.109	+0.072%	$15K	$595K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.110	+0.077%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.108	+0.062%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.115	+0.128%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.110	+0.081%	$118.3M	$461.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.113	+0.108%	$88.5M	$143.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.115	+0.126%	$19.9M	$124.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.103	+0.018%	$48.7M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.109	+0.072%	$15.5M	$22.8M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	11.101	long leg	$33.3M	$51.5M	75x
BingX AVAX-USDC	+0.0100%	8h	11.103	+0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.126	+0.225%	$356K	$536K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.127	+0.232%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.117	+0.144%	$350K	$800K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.120	+0.171%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.109	+0.072%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.114	+0.117%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.137	+0.328%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.105	+0.036%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.094	−0.063%	$360K	$939K	75x	as long as short
Phemex AVAXUSDTshort	+0.0100%	8h	11.106	+0.045%	$29.6M	$5.6M	50x
Extended AVAX-USD	+0.0104%	1h	11.104	+0.023%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.102	+0.006%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.094	−0.060%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.108	+0.060%	$4.3M	$12.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.104	+0.027%	$902K	$5.9M	50x	as long as short
Hyperliquid AVAX	+0.0413%	1h	11.119	+0.166%	$43.2M	$47.1M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.103	+0.019%	$236K	—	120x	as long as short