Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%

Price spread now: ApeX Omni against MEXC+0.950%81s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.338% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−0.658%−$66 · spread now +0.950%, 7d avg +0.040%

Together, before fees−0.595%−$59 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: ApeX Omni is 0.911% dearer against MEXC than usual: you sell high and buy low, +$91 on $10k if it goes back to its 7-day average of +0.040%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	10.626	0.0100	pay 0.0100% / 8h	2h 52m	$40.6M	$78.6M	200x
Short	ApeX Omni AVAXUSDT	10.727	0.0100	get 0.0013% / 1h	52m 18s	$173K	$665K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.950%Rate

Funding earned: $0
Price spread: +0.950% → +0.040%: $91.09
Slippage, 4 orders: −$23.77
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $57.32
Costs to cover: 0.338%
Break-even: from the start

Slippage from MEXC: live order book, 2 min ago; ApeX Omni: live order book, 61 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, 2 min ago	0.94 bp	0.9 bp −$1	3.9 bp −$39	38.4 bp −$3,836	106.8 bp −$53.4K
Sell ApeX Omni live order book, 61 min ago	6.36 bp	15.3 bp −$15	84.2 bp −$842	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
Injective AVAX/USDC PERP	−0.1423%	1h	10.760	+1.261%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0280%	1h	10.647	+0.199%	$4.1M	$11.1M	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0126%	1h	10.643	+0.160%	$4.8M	$7.5M	25x	as long as short
Polymarket Perps AVAX-USD	−0.0008%	1h	10.662	+0.339%	$131K	$343K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.665	+0.367%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.653	+0.254%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0017%	8h	10.649	+0.216%	$12.0M	$31.5M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0037%	1h	10.617	−0.085%	$370K	$531K	15x	as long as short
Variational Omni AVAX	+0.0052%	8h	10.727	+0.947%	$2.8M	$2.2M	—	as long as short
SoDEX AVAX-USD	+0.0081%	1h	10.644	+0.169%	$18K	$72K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AVAX-PERP	+0.0093%	1h	10.643	+0.155%	$282K	$322K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.668	+0.396%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.629	+0.024%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.666	+0.376%	$9K	$442K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.669	+0.405%	$39.0M	$42.2M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.644	+0.169%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.670	+0.419%	$269K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.628	+0.016%	$111.4M	$424.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.618	−0.075%	$79.0M	$142.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.623	−0.028%	$19.2M	$109.2M	50x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	10.626	long leg	$40.6M	$78.6M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.625	−0.009%	$12.8M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.612	−0.132%	$31.5M	$48.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.617	−0.085%	—	$54.9M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.726	+0.937%	$338K	$950K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	10.727	+0.950%	$173K	$665K	50x
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.647	+0.198%	$187K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.674	+0.453%	$12K	$736K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.670	+0.416%	$353K	$789K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.632	+0.056%	$28.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.638	+0.114%	$641K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.642	+0.150%	$244K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.647	+0.198%	$864K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.651	+0.235%	$4.8M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.642	+0.153%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.653	+0.257%	$233K	—	120x	as long as short