Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.015%

Price spread now: Lighter against BloFin−0.711%60s7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.247% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.329%−$33 on $10k

Price spread, last 4 days (all we have)+0.799%+$80 · spread now −0.711%, 7d avg −0.033%

Together, before fees+0.470%+ Points / potential airdropLighter: Season 3 · farm board+$47 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Lighter is 0.678% cheaper against BloFin than usual: you would sell low and buy high (−$68 if the spread goes back to its 7-day average of −0.033%). Swap the legs. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AVAX-USDT	10.831	0.0220	pay 0.0220% / 8h	3h 02m	$4.8M	$5.3M	100x
Short	Lighter AVAX	10.754	0.0096	get 0.0012% / 1h	2m 12s	$1.2M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.711%Rate

Funding earned: −$26.04
Price spread: −0.711% → −0.033%: −$67.76
Slippage, 4 orders: −$12.72
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$118.52
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Lighter: 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 BloFin live order book, 6 min ago	1.38 bp	9.2 bp −$9	15.0 bp −$150	33.1 bp −$3,314	doesn't fit
Sell Lighter live order book, 5 min ago	2.95 bp	3.7 bp −$4	11.2 bp −$112	78.8 bp −$7,881	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	−0.1421%	1h	10.800	−0.286%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0122%	1h	10.757	−0.683%	$4.9M	$7.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.779	−0.483%	$94K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.756	−0.696%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.759	−0.669%	$4.1M	$11.1M	50x	as long as short
Gate AVAX_USDT	+0.0042%	8h	10.760	−0.656%	$12.2M	$32.8M	75x	as long as short
Nado AVAX-PERP	+0.0044%	1h	10.757	−0.683%	$280K	$308K	10x	as long as short
Variational Omni AVAX	+0.0081%	8h	10.844	+0.116%	$2.8M	$2.2M	—	as long as short
Lighter AVAXshort	+0.0096%	1h	10.754	−0.711%	$1.2M	$2.7M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.744	−0.803%	$7K	$436K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0097%	8h	10.777	−0.501%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.753	−0.717%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.772	−0.547%	$271K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.750	−0.748%	$112.8M	$418.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.744	−0.803%	$80.5M	$141.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.749	−0.757%	$19.4M	$108.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.762	−0.637%	$43.6M	$79.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.758	−0.674%	$14.7M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.753	−0.720%	$32.0M	$47.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.753	−0.720%	—	$54.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.828	−0.028%	$369K	$525K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.847	+0.146%	$341K	$942K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.856	+0.231%	$174K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.755	−0.702%	$126K	$344K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.757	−0.683%	$189K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.785	−0.421%	$11K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.755	−0.702%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.762	−0.636%	$358K	$780K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.759	−0.665%	$28.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.750	−0.746%	$663K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.758	−0.679%	$247K	—	3x	as long as short
Hyperliquid AVAX	+0.0181%	1h	10.771	−0.554%	$40.6M	$40.2M	10x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	10.831	long leg	$4.8M	$5.3M	100x
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.755	−0.702%	$884K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.758	−0.676%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0275%	1h	10.758	−0.678%	$234K	—	120x	as long as short