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 +0.017%

Price spread now: MEXC against Extended+0.037%7-day average +0.076% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$130.131% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days+0.014%+$1 · spread now +0.037%, 7d avg +0.076%

Together, before fees+0.075%+ Points / potential airdropExtended: Active · farm board+$8 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: MEXC is 0.039% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AVAX-USD	11.131	0.0104	pay 0.0013% / 1h	34m 45s	$671K	$1.5M	25x
Short	MEXC AVAX_USDT	11.135	0.0100	get 0.0100% / 8h	5h 34m	$47.9M	$79.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$0.84
Price spread: +0.037% → +0.076%: −$3.92
Slippage, 4 orders: −$8.08
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$17.84
Costs to cover: 0.131%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago	0.45 bp	4.7 bp −$5	6.7 bp −$67	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.90 bp	0.9 bp −$1	1.7 bp −$17	42.3 bp −$4,235	107.1 bp −$53.6K

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
Injective AVAX/USDC PERP	−0.1374%	1h	11.100	−0.277%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0072%	1h	11.137	+0.059%	$287K	$448K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.138	+0.064%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.136	+0.044%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.138	+0.063%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.142	+0.097%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.139	+0.077%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.139	+0.073%	$15K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.133	+0.023%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.140	+0.078%	$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	11.134	+0.030%	$290K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.132	+0.008%	$118.8M	$433.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.126	−0.044%	$88.3M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.125	−0.053%	$20.1M	$117.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.136	+0.046%	$12.1M	$34.9M	75x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	11.135	+0.037%	$47.9M	$79.1M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.138	+0.064%	$15.6M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.122	−0.080%	$33.4M	$48.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.125	−0.053%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.142	+0.100%	$356K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.138	+0.067%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.123	−0.073%	$357K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.119	−0.107%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.140	+0.082%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.145	+0.127%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.170	+0.348%	$12K	$700K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.140	+0.082%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.134	+0.032%	$365K	$871K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.141	+0.091%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	11.131	long leg	$671K	$1.5M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.133	+0.020%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.139	+0.073%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.144	+0.118%	$900K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.136	+0.043%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.138	+0.060%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0464%	1h	11.137	+0.055%	$43.3M	$43.0M	10x	as long as short