AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.14 per $10,000 · paid last 24h +0.018%

Price spread now: MEXC against Bybit0.000%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$230.225% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days+0.020%+$2 · spread now 0.000%, 7d avg +0.031%

Together, before fees+0.065%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and MEXC is 0.031% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVAXUSDT	11.326	0.0100	pay 0.0100% / 8h	2h 23m	$89.7M	$154.7M	75x
Short	MEXC AVAX_USDT	11.326	0.0086	get 0.0086% / 8h	2h 23m	$55.9M	$109.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$2.94
Price spread: 0.000% → +0.031%: −$3.06
Slippage, 4 orders: −$11.55
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$28.54
Costs to cover: 0.225%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; MEXC: live order book, 6 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, 6 min ago	0.44 bp	9.8 bp −$10	21.1 bp −$211	51.2 bp −$5,121	doesn't fit
Sell MEXC live order book, 6 min ago	1.33 bp	2.7 bp −$3	5.8 bp −$58	34.7 bp −$3,467	101.2 bp −$50.6K

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
Variational Omni AVAX	−0.0130%	8h	11.287	−0.343%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0103%	1h	11.319	−0.062%	$5.4M	$9.4M	25x	as long as short
Nado AVAX-PERP	−0.0092%	1h	11.317	−0.079%	$299K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.260	−0.583%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.322	−0.035%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.326	−0.004%	$16K	—	150x	as long as short
Extended AVAX-USD	+0.0040%	1h	11.324	−0.013%	$672K	$2.2M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.331	+0.044%	$918K	$8.3M	50x	as long as short
Gate AVAX_USDT	+0.0065%	8h	11.324	−0.018%	$12.7M	$40.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0066%	8h	11.321	−0.044%	$20.1M	$149.1M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0070%	8h	11.320	−0.053%	$30.3M	$4.9M	50x	as long as short
MEXC AVAX_USDTshort	+0.0086%	8h	11.326	0.000%	$55.9M	$109.9M	200x
Binance AVAXUSDT	+0.0087%	8h	11.322	−0.035%	$121.3M	$537.3M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.321	−0.044%	$1.3M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.323	−0.026%	$7K	$703K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	11.325	−0.008%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.324	−0.017%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.326	0.000%	$301K	$122K	10x	as long as short
Bybit AVAXUSDTlong	+0.0100%	8h	11.326	long leg	$89.7M	$154.7M	75x
KuCoin AVAXUSDTM	+0.0100%	8h	11.330	+0.035%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.323	−0.026%	$34.9M	$61.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.326	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.329	+0.026%	$336K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.296	−0.265%	$357K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.293	−0.291%	$182K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.326	0.000%	$132K	$479K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.326	0.000%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.347	+0.183%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.316	−0.088%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.316	−0.093%	$363K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.315	−0.102%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0204%	8h	11.310	−0.141%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.323	−0.031%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.324	−0.020%	$4.7M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.325	−0.009%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0605%	1h	11.344	+0.159%	$44.3M	$58.6M	10x	as long as short