Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h +0.018%

Price spread now: Extended against Bybit+0.011%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.011%, 7d avg −0.046%

Together, before fees−0.049%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.057% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVAXUSDT	10.534	0.0070	pay 0.0070% / 8h	2h 22m	$77.8M	$144.9M	75x
Short	Extended AVAX-USD	10.535	0.0104	get 0.0013% / 1h	22m 39s	$634K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.011%Rate

Funding earned: $7.15
Price spread: +0.011% → −0.046%: $5.71
Slippage, 4 orders: −$13.18
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$16.31
Costs to cover: 0.292%
Break-even: 23.0 days

Slippage from Bybit: live order book, 1 min ago; Extended: live order book, 1 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, 1 min ago	0.47 bp	7.9 bp −$8	13.1 bp −$131	39.1 bp −$3,906	doesn't fit
Sell Extended live order book, 1 min ago	1.43 bp	4.8 bp −$5	7.4 bp −$74	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	−0.1423%	1h	10.760	+2.145%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0283%	1h	10.530	−0.038%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0052%	1h	10.532	−0.014%	$286K	$339K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0035%	1h	10.527	−0.066%	$4.7M	$7.5M	25x	as long as short
Variational Omni AVAX	−0.0017%	8h	10.535	+0.007%	$2.7M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.528	−0.053%	$87K	$117K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.528	−0.055%	$12K	—	150x	as long as short
Backpack AVAX_USDC_PERP	+0.0013%	1h	10.523	−0.104%	$366K	$563K	15x	as long as short
Gate AVAX_USDT	+0.0020%	8h	10.533	−0.009%	$12.2M	$32.7M	75x	as long as short
Bybit AVAXUSDTlong	+0.0070%	8h	10.534	long leg	$77.8M	$144.9M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVAX-USD	+0.0082%	1h	10.524	−0.095%	$131K	$354K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.528	−0.053%	$1.1M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.540	+0.057%	$18K	$437K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.530	−0.042%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.533	−0.009%	$37.7M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.532	−0.019%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.537	+0.024%	$265K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.542	+0.076%	$112.2M	$430.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.539	+0.047%	$18.5M	$111.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.539	+0.047%	$43.5M	$80.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.523	−0.104%	$13.1M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.536	+0.019%	$32.0M	$49.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.540	+0.057%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.547	+0.123%	$338K	$978K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.559	+0.237%	$170K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.531	−0.028%	$167K	$321K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.559	+0.233%	$11K	$758K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.527	−0.066%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.527	−0.071%	$342K	$804K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.531	−0.028%	$28.1M	$5.8M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	10.535	+0.011%	$634K	$1.4M	25x
Aevo AVAX-PERP	+0.0104%	1h	10.525	−0.081%	$242K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.548	+0.133%	$836K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.532	−0.019%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.521	−0.120%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.526	−0.072%	$230K	—	120x	as long as short