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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC−0.036%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$140.143% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.036%, 7d avg −0.001%

Together, before fees+0.027%+$3 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: Binance is 0.035% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	11.111	0.0100	pay 0.0100% / 8h	5h 39m	$47.9M	$79.0M	200x
Short	Binance AVAXUSDT	11.107	0.0100	get 0.0100% / 8h	5h 39m	$118.6M	$434.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.001%: −$3.52
Slippage, 4 orders: −$4.34
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$17.86
Costs to cover: 0.143%
Break-even: never at this rate

Slippage from MEXC: live order book, 10 min ago; Binance: 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 MEXC live order book, 10 min ago	0.45 bp	0.4 bp $0	2.6 bp −$26	28.8 bp −$2,883	100.8 bp −$50.4K
Sell Binance live order book, 4 min ago	0.45 bp	5.8 bp −$6	13.8 bp −$138	50.4 bp −$5,043	141.3 bp −$70.6K

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	−0.099%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0200%	1h	11.103	−0.072%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0061%	1h	11.116	+0.045%	$286K	$448K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.126	+0.134%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.108	−0.026%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0046%	1h	11.110	−0.012%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.105	−0.054%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.111	0.000%	$15K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.118	+0.063%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.114	+0.027%	$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	11.123	+0.112%	$290K	$112K	10x	as long as short
Binance AVAXUSDTshort	+0.0100%	8h	11.107	−0.036%	$118.6M	$434.9M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.109	−0.018%	$88.3M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.107	−0.036%	$20.0M	$117.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.114	+0.027%	$12.1M	$34.9M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	11.111	long leg	$47.9M	$79.0M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.115	+0.036%	$15.5M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.106	−0.045%	$33.3M	$48.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.110	−0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.131	+0.180%	$356K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.132	+0.192%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.141	+0.271%	$357K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.145	+0.306%	$179K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.112	+0.009%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.112	+0.009%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.142	+0.282%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.106	−0.045%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.104	−0.059%	$363K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.107	−0.036%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.103	−0.076%	$671K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.096	−0.135%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.104	−0.063%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.134	+0.207%	$900K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.108	−0.030%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.108	−0.028%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0452%	1h	11.127	+0.147%	$43.3M	$43.0M	10x	as long as short