Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.010%

Price spread now: SoDEX against Bybit+0.028%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and SoDEX is 0.028% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVAXUSDT	10.683	0.0086	pay 0.0086% / 8h	38m 53s	$81.5M	$141.0M	75x
Short	SoDEX AVAX-USD	10.686	0.0100	get 0.0013% / 1h	38m 53s	$18K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.028%Rate

Funding earned: $2.89
Price spread: +0.028% → 0.000%: $2.81
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$13.3
Costs to cover: 0.190%
Break-even: 39.2 days

Slippage unknown: Bybit: live order book, 5 min ago; SoDEX: no order-book sample. Net counts fees only.

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	0.47 bp	8.7 bp −$9	15.1 bp −$151	39.0 bp −$3,905	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.687	+0.039%	$3.8M	$11.7M	50x	as long as short
Nado AVAX-PERP	−0.0125%	1h	10.677	−0.051%	$288K	$336K	10x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.700	+0.163%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.687	+0.037%	$4.8M	$6.8M	25x	as long as short
Gate AVAX_USDT	−0.0002%	8h	10.682	−0.009%	$13.0M	$30.6M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.676	−0.067%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.686	+0.030%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.721%	$17K	$151K	12x	as long as short
Bybit AVAXUSDTlong	+0.0086%	8h	10.683	long leg	$81.5M	$141.0M	75x
Paradex AVAX-USD-PERP	+0.0087%	8h	10.666	−0.159%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.684	+0.009%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.674	−0.084%	$25K	$471K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.695	+0.110%	$36.7M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.690	+0.067%	$2.2M	$913K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.677	−0.052%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.685	+0.019%	$113.2M	$412.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.684	+0.009%	$18.7M	$109.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.689	+0.056%	$45.9M	$79.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.684	+0.009%	$13.7M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.683	0.000%	$32.4M	$47.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.684	+0.009%	—	$54.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.686	+0.028%	$436K	$554K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.709	+0.240%	$343K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.711	+0.262%	$173K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.685	+0.019%	$134K	$329K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.694	+0.103%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.715	+0.301%	$12K	$768K	20x	as long as short
SoDEX AVAX-USDshort	+0.0100%	1h	10.686	+0.028%	$18K	$72K	10x
HTX AVAX-USDT	+0.0100%	8h	10.684	+0.014%	$325K	$866K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.686	+0.028%	$28.5M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.679	−0.036%	$608K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.689	+0.054%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.683	0.000%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.684	+0.009%	$850K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.680	−0.026%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.687	+0.041%	$225K	—	120x	as long as short