Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bybit against Extended+0.076%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

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

costs, in and out, $10k−$260.263% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.076%, 7d avg +0.046%

Together, before fees−0.032%+ Points / potential airdropExtended: Active · farm board−$3 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: Bybit is 0.030% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it 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	Extended AVAX-USD	11.134	0.0104	pay 0.0013% / 1h	43m 48s	$675K	$1.5M	25x
Short	Bybit AVAXUSDT	11.142	0.0100	get 0.0100% / 8h	5h 43m	$88.5M	$138.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$0.84
Price spread: +0.076% → +0.046%: $2.98
Slippage, 4 orders: −$10.27
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$24.13
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Bybit: live order book, 5 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 Extended live order book, 5 min ago	1.35 bp	5.5 bp −$5	8.7 bp −$87	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.45 bp	9.1 bp −$9	16.0 bp −$160	34.2 bp −$3,420	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	11.080	−0.481%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0056%	1h	11.134	+0.004%	$286K	$450K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.131	−0.023%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.136	+0.022%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.132	−0.012%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.137	+0.030%	$4.3M	$11.6M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.134	0.000%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.131	−0.023%	$16K	$565K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.137	+0.031%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.138	+0.037%	$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	11.137	+0.028%	$290K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.141	+0.067%	$118.9M	$436.6M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.142	+0.076%	$88.5M	$138.3M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.142	+0.076%	$20.1M	$118.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.136	+0.022%	$12.2M	$34.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.140	+0.058%	$48.1M	$79.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.140	+0.058%	$15.6M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.140	+0.058%	$33.4M	$48.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.140	+0.058%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.137	+0.031%	$356K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.126	−0.072%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.117	−0.149%	$351K	$799K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.124	−0.086%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.135	+0.013%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.141	+0.067%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.165	+0.286%	$12K	$702K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.135	+0.013%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.123	−0.096%	$361K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.134	+0.004%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	11.134	long leg	$675K	$1.5M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.123	−0.098%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.132	−0.014%	—	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.147	+0.121%	$901K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.131	−0.026%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0436%	1h	11.153	+0.175%	$43.4M	$43.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.130	−0.030%	$236K	—	120x	as long as short