Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%

Price spread now: ApeX Omni against Bybit−0.197%59s7-day average +0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as 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−$1011.008% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)+0.861%+$86 · spread now −0.197%, 7d avg +0.082%

Together, before fees+0.971%+$97 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: ApeX Omni is 0.279% cheaper against Bybit than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.082%. The two prices were read 59 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	Bybit AVAXUSDT	11.141	0.0100	pay 0.0100% / 8h	5h 34m	$88.5M	$138.0M	75x
Short	ApeX Omni AVAXUSDT	11.119	0.0100	get 0.0013% / 1h	34m 28s	$179K	$677K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.197%Rate

Funding earned: $0
Price spread: −0.197% → +0.082%: −$27.93
Slippage, 4 orders: −$79.76
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$128.69
Costs to cover: 1.008%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; ApeX Omni: live order book, 29 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	7.9 bp −$8	13.9 bp −$139	38.4 bp −$3,839	doesn't fit
Sell ApeX Omni live order book, 29 min ago	14.79 bp	52.9 bp −$53	104.0 bp −$1,040	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	−0.1374%	1h	11.100	−0.368%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0072%	1h	11.133	−0.076%	$286K	$448K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.138	−0.027%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.130	−0.101%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.141	0.000%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.142	+0.007%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.129	−0.108%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.141	0.000%	$15K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.134	−0.060%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.125	−0.146%	$2.3M	$1.2M	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	11.133	−0.075%	$290K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.141	0.000%	$118.9M	$433.6M	75x	as long as short
Bybit AVAXUSDTlong	+0.0100%	8h	11.141	long leg	$88.5M	$138.0M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.141	0.000%	$20.1M	$117.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.129	−0.108%	$12.1M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.141	0.000%	$47.9M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.143	+0.018%	$15.6M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.142	+0.009%	$33.4M	$48.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.141	0.000%	—	$81.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.142	+0.009%	$356K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.138	−0.024%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.123	−0.164%	$357K	$801K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.119	−0.197%	$179K	$677K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.143	+0.018%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.145	+0.036%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.170	+0.257%	$12K	$700K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.140	−0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.134	−0.058%	$365K	$871K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.141	0.000%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.129	−0.103%	$671K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.133	−0.071%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.139	−0.018%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.144	+0.027%	$900K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.138	−0.031%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.141	−0.002%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0468%	1h	11.157	+0.144%	$43.4M	$43.0M	10x	as long as short