Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.014%

Price spread now: Aevo against MEXC−0.016%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$874as in the Funding arb table

Net, price: spread back to 7d avg − costs−$880as in the Price arb table

costs, in and out, $10k−$8818.807% of the position

Long on MEXC Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.016%, 7d avg −0.024%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	10.723	0.0100	pay 0.0100% / 8h	7h 56m	$53.2M	$78.6M	200x
Short	Aevo AVAX-PERP	10.721	0.0104	get 0.0013% / 1h	56m 14s	$246K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against MEXC. 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 MEXCbpFee AevobpOrdersPrice spread, now −0.016%Rate

Funding earned: $0.84
Price spread: −0.016% → −0.024%: $0.81
Slippage, 4 orders: −$864.73
Fee MEXC: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$879.08
Costs to cover: 8.807%
Break-even: 7332.6 days

Slippage from MEXC: live order book, 3 min ago; Aevo: live order book, 43 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 MEXC live order book, 3 min ago	0.47 bp	1.4 bp −$1	4.3 bp −$43	46.7 bp −$4,667	110.2 bp −$55.1K
Sell Aevo live order book, 43 min ago	217.59 bp	444.7 bp −$445	doesn't fit	doesn't fit	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
Nado AVAX-PERP	−0.0400%	1h	10.728	+0.044%	$290K	$326K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0267%	1h	10.727	+0.037%	$3.8M	$11.6M	50x	as long as short
Phemex AVAXUSDT	−0.0230%	8h	10.723	0.000%	$28.6M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0078%	8h	10.706	−0.158%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0030%	1h	10.726	+0.028%	$4.8M	$6.7M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.767	+0.410%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.726	+0.028%	$12K	—	150x	as long as short
GRVT AVAX_USDT_Perp	+0.0032%	8h	10.719	−0.037%	$345K	$1.2M	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.345%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0066%	8h	10.720	−0.028%	$13.4M	$28.4M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0093%	8h	10.741	+0.169%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.722	−0.009%	$1.1M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.723	0.000%	$25K	$465K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.730	+0.065%	$36.8M	$40.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.732	+0.087%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.761	+0.355%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.721	−0.019%	$113.5M	$401.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.720	−0.028%	$83.9M	$140.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.718	−0.047%	$18.8M	$106.8M	50x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	10.723	long leg	$53.2M	$78.6M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.724	+0.009%	$13.8M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.721	−0.019%	$32.6M	$45.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.718	−0.047%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.719	−0.037%	$436K	$531K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.722	−0.009%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.728	+0.047%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.735	+0.112%	$232K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.757	+0.320%	$12K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.722	−0.009%	$18K	$68K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.723	+0.005%	$327K	$874K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.722	−0.012%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	10.721	−0.016%	$246K	—	3x
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.732	+0.084%	$838K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.762	+0.364%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.717	−0.057%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.719	−0.037%	$226K	—	120x	as long as short