Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.096%

Price spread now: MEXC against Hyperliquid−0.112%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$160.156% of the position

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 7 days+0.106%+$11 · spread now −0.112%, 7d avg −0.032%

Together, before fees+0.022%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 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 0.080% cheaper against Hyperliquid than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AVAX	10.705	0.0100	pay 0.0013% / 1h	52m 34s	$36.8M	$43.3M	10x
Short	MEXC AVAX_USDT	10.693	0.0100	get 0.0100% / 8h	52m 34s	$45.9M	$78.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Hyperliquid. 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 HyperliquidbpFee MEXCbpOrdersPrice spread, now −0.112%Rate

Funding earned: $0
Price spread: −0.112% → −0.032%: −$8.03
Slippage, 4 orders: −$6.6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$23.63
Costs to cover: 0.156%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 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 Hyperliquid live order book, 11 min ago	0.47 bp	5.0 bp −$5	9.2 bp −$92	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.47 bp	0.5 bp $0	3.7 bp −$37	41.9 bp −$4,192	88.8 bp −$44.4K

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	10.679	−0.242%	$3.8M	$12.0M	50x	as long as short
Nado AVAX-PERP	−0.0122%	1h	10.695	−0.093%	$281K	$334K	10x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.658	−0.443%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.697	−0.076%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.680	−0.234%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.681	−0.220%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0005%	8h	10.689	−0.149%	$13.0M	$30.5M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.514%	$17K	$151K	12x	as long as short
Bybit AVAXUSDT	+0.0081%	8h	10.694	−0.103%	$81.5M	$142.3M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0084%	8h	10.685	−0.191%	$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	10.692	−0.121%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.697	−0.075%	$25K	$472K	50x	as long as short
Hyperliquid AVAXlong	+0.0100%	1h	10.705	long leg	$36.8M	$43.3M	10x
Aster AVAXUSDT	+0.0100%	8h	10.696	−0.088%	$2.2M	$994K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.696	−0.083%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.699	−0.060%	$113.2M	$416.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.694	−0.103%	$18.7M	$110.6M	50x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	10.693	−0.112%	$45.9M	$78.9M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.694	−0.103%	$13.6M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.697	−0.075%	$32.3M	$48.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.685	−0.187%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.690	−0.140%	$436K	$559K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.677	−0.266%	$338K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.684	−0.196%	$172K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.698	−0.065%	$134K	$347K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.685	−0.187%	$230K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.708	+0.030%	$11K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.679	−0.243%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.693	−0.115%	$326K	$880K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.683	−0.206%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.683	−0.203%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.675	−0.280%	$245K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.684	−0.196%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.689	−0.149%	$851K	$5.0M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.693	−0.115%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.680	−0.234%	$225K	—	120x	as long as short