Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.032%

Price spread now: Aevo against Bybit−0.074%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$811as in the Funding arb table

Net, price: spread back to 7d avg − costs−$831as in the Price arb table

costs, in and out, $10k−$8218.212% of the position

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 3 days (all we have)−0.005%$0 · spread now −0.074%, 7d avg +0.021%

Together, before fees+0.102%+$10 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: Aevo is 0.094% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVAXUSDT	11.204	0.0100	pay 0.0100% / 8h	7h 14m	$89.2M	$147.5M	75x
Short	Aevo AVAX-PERP	11.196	0.0104	get 0.0013% / 1h	14m 16s	$257K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.074%Rate

Funding earned: $0.84
Price spread: −0.074% → +0.021%: −$9.41
Slippage, 4 orders: −$794.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$829.74
Costs to cover: 8.212%
Break-even: 6921.5 days

Slippage from Bybit: live order book, 5 min ago; Aevo: live order book, 60 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 Bybit live order book, 5 min ago	0.45 bp	7.5 bp −$8	12.5 bp −$125	40.6 bp −$4,062	doesn't fit
Sell Aevo live order book, 60 min ago	190.29 bp	396.0 bp −$396	doesn't fit	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	−0.1363%	1h	11.130	−0.660%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0058%	1h	11.195	−0.076%	$294K	$730K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0018%	1h	11.201	−0.027%	$5.3M	$8.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.192	−0.105%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.204	−0.004%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.204	−0.003%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.196	−0.071%	$15K	$611K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.196	−0.071%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.199	−0.044%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.196	−0.069%	$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	11.204	0.000%	$119.6M	$476.3M	75x	as long as short
Bybit AVAXUSDTlong	+0.0100%	8h	11.204	long leg	$89.2M	$147.5M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.205	+0.009%	$20.0M	$131.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.196	−0.071%	$12.1M	$38.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.205	+0.009%	$48.9M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.199	−0.045%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.206	+0.018%	$34.0M	$53.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.206	+0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.193	−0.098%	$358K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.178	−0.234%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.170	−0.301%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.172	−0.286%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.199	−0.045%	$131K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.210	+0.054%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.226	+0.195%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.204	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.190	−0.121%	$362K	$937K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.202	−0.018%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.200	−0.034%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	11.196	−0.074%	$257K	—	3x
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.210	+0.049%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.188	−0.143%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.197	−0.064%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.197	−0.062%	$924K	$6.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.203	−0.011%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0684%	1h	11.213	+0.080%	$43.8M	$49.6M	10x	as long as short