Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h −0.007%

Price spread now: MEXC against Lighter+0.064%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

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

costs, in and out, $10k−$100.101% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 7 days−0.015%−$1 · spread now +0.064%, 7d avg +0.031%

Together, before fees+0.089%+ Points / potential airdropLighter: Season 3 · farm board+$9 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 0.032% dearer against Lighter than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	10.812	0.0096	pay 0.0012% / 1h	29m 51s	$1.2M	$1.9M	10x
Short	MEXC AVAX_USDT	10.819	0.0090	get 0.0090% / 8h	5h 29m	$52.6M	$69.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Lighter. 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 LighterbpFee MEXCbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$1.26
Price spread: +0.064% → +0.031%: $3.24
Slippage, 4 orders: −$10.07
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$8.1
Costs to cover: 0.101%
Break-even: never at this rate

Slippage from Lighter: live order book, 10 min ago; MEXC: live order book, 2 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 Lighter live order book, 10 min ago	3.46 bp	3.8 bp −$4	11.9 bp −$119	93.9 bp −$9,389	doesn't fit
Sell MEXC live order book, 2 min ago	0.46 bp	0.8 bp −$1	5.2 bp −$52	45.2 bp −$4,520	105.7 bp −$52.8K

AVAX on 36 exchanges

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
Variational Omni AVAX	−0.0150%	8h	10.806	−0.057%	$3.1M	$2.0M	—	as long as short
Gate AVAX_USDT	−0.0105%	8h	10.817	+0.045%	$14.5M	$26.8M	75x	as long as short
Bybit AVAXUSDT	−0.0057%	8h	10.816	+0.036%	$84.3M	$131.0M	75x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.813	+0.005%	$3.7M	$10.7M	50x	as long as short
Phemex AVAXUSDT	−0.0031%	8h	10.806	−0.056%	$28.8M	$5.6M	50x	as long as short
SoDEX AVAX-USD	−0.0021%	1h	10.809	−0.029%	$18K	$67K	10x	as long as short
Nado AVAX-PERP	−0.0003%	1h	10.803	−0.080%	$276K	$290K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.813	+0.007%	$92K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.812	−0.001%	$4.9M	$6.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.810	−0.023%	$23K	—	150x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.482%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0071%	8h	10.814	+0.018%	$19.1M	$100.2M	50x	as long as short
MEXC AVAX_USDTshort	+0.0090%	8h	10.819	+0.064%	$52.6M	$69.6M	200x
Binance AVAXUSDT	+0.0090%	8h	10.821	+0.081%	$113.8M	$370.3M	75x	as long as short
Lighter AVAXlong	+0.0096%	1h	10.812	long leg	$1.2M	$1.9M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.803	−0.084%	$22K	$437K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.804	−0.079%	$12K	$62	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.828	+0.147%	$36.1M	$37.3M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.820	+0.073%	$2.2M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.814	+0.019%	$272K	$96K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.821	+0.082%	$14.1M	$18.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.813	+0.008%	$33.1M	$42.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.817	+0.045%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.816	+0.036%	$396K	$565K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.802	−0.096%	$345K	$1.6M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.820	+0.073%	$154K	$677K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.807	−0.047%	$62K	$364K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.818	+0.055%	$234K	$208K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.837	+0.232%	$11K	$774K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.807	−0.043%	$324K	$902K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.811	−0.006%	$616K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.804	−0.078%	$248K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.808	−0.038%	$851K	$5.0M	50x	as long as short
BloFin AVAX-USDT	+0.0210%	8h	10.813	+0.008%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.803	−0.085%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0464% / S −0.0317%	1h	10.813	+0.007%	$239K	—	120x	as long as short