Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.167%

Price spread now: MEXC against Deribit+0.027%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs+$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$130.132% of the position

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.577%+$58 on $10k

Price spread, last 3 days (all we have)+0.171%+$17 · spread now +0.027%, 7d avg +0.025%

Together, before fees+0.748%+$75 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.278	−0.0016	get 0.0002% / 1h	32m 36s	$5.4M	$9.2M	25x
Short	MEXC AVAX_USDT	11.281	0.0100	get 0.0100% / 8h	1h 32m	$52.3M	$100.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. 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 DeribitbpFee MEXCbpOrdersPrice spread, now +0.027%Rate

Funding earned: $24.35
Price spread: +0.027% → +0.025%: $0.14
Slippage, 4 orders: −$6.23
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: $11.26
Costs to cover: 0.132%
Break-even: 3.8 days

Slippage from Deribit: live order book, 2 min ago; MEXC: 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 Deribit live order book, 2 min ago	1.33 bp	6.6 bp −$7	36.1 bp −$361	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.44 bp	0.4 bp $0	4.0 bp −$40	35.5 bp −$3,552	101.0 bp −$50.5K

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	−0.0570%	1h	11.230	−0.426%	$17K	$151K	12x	as long as short
Variational Omni AVAX	−0.0025%	8h	11.253	−0.220%	$3.0M	$2.4M	—	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0016%	1h	11.278	long leg	$5.4M	$9.2M	25x
Nado AVAX-PERP	−0.0012%	1h	11.261	−0.146%	$297K	$896K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.282	+0.032%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.279	+0.009%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.284	+0.055%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.266	−0.106%	$16K	$693K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.282	+0.031%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.281	+0.026%	$2.3M	$1.8M	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	11.284	+0.054%	$300K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.269	−0.083%	$120.5M	$526.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.263	−0.133%	$88.9M	$157.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.262	−0.142%	$20.3M	$146.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.282	+0.035%	$12.6M	$40.2M	75x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	11.281	+0.027%	$52.3M	$100.0M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.283	+0.044%	$16.7M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.261	−0.151%	$34.3M	$60.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.280	+0.018%	—	$89.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.277	−0.009%	$361K	$571K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.261	−0.150%	$360K	$898K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.267	−0.098%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.264	−0.124%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.287	+0.080%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.309	+0.279%	$12K	$729K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.276	−0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.275	−0.022%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.273	−0.044%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.280	+0.014%	$673K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.280	+0.019%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.292	+0.124%	$912K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.275	−0.027%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.259	−0.169%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0402% / S −0.0246%	1h	11.278	0.000%	$238K	—	120x	as long as short
Hyperliquid AVAX	+0.0608%	1h	11.294	+0.142%	$43.7M	$57.1M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0627%	1h	11.282	+0.038%	$4.6M	$13.5M	50x	as long as short