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 +0.006%

Price spread now: BingX against MEXC+0.009%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$140.142% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.009%, 7d avg −0.021%

Together, before fees0.000%$0 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: BingX is 0.030% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	10.988	0.0100	pay 0.0100% / 8h	3h 57m	$45.9M	$77.8M	200x
Short	BingX AVAX-USDT	10.989	0.0100	get 0.0100% / 8h	3h 57m	—	$77.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → −0.021%: $2.98
Slippage, 4 orders: −$4.2
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$11.22
Costs to cover: 0.142%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; BingX: live order book, 6 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, 1 min ago	0.46 bp	1.1 bp −$1	2.9 bp −$29	31.1 bp −$3,107	97.3 bp −$48.7K
Sell BingX live order book, 6 min ago	0.91 bp	5.9 bp −$6	5.9 bp −$59	10.4 bp −$1,038	26.3 bp −$13.2K

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	−0.1421%	1h	10.950	−0.346%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.987	−0.009%	$5.1M	$7.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.996	+0.072%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.978	−0.089%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.992	+0.034%	$4.2M	$11.2M	50x	as long as short
Nado AVAX-PERP	+0.0075%	1h	10.985	−0.023%	$285K	$368K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.989	+0.014%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.982	−0.055%	$15K	$481K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.988	+0.003%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.995	+0.062%	$2.2M	$1.1M	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	10.992	+0.039%	$277K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.989	+0.009%	$115.8M	$428.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.983	−0.046%	$85.0M	$139.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.989	+0.009%	$20.2M	$114.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.988	0.000%	$12.1M	$32.0M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	10.988	long leg	$45.9M	$77.8M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.992	+0.036%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.983	−0.046%	$32.9M	$47.7M	75x	as long as short
BingX AVAX-USDTshort	+0.0100%	8h	10.989	+0.009%	—	$77.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.990	+0.018%	$368K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.996	+0.069%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.997	+0.082%	$351K	$882K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.999	+0.100%	$177K	$670K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.982	−0.055%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.987	−0.009%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.014	+0.238%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.988	0.000%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.996	+0.076%	$366K	$811K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.990	+0.018%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.981	−0.059%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.981	−0.066%	$252K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.987	−0.009%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.994	+0.055%	$894K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.976	−0.107%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0292%	1h	11.005	+0.155%	$42.7M	$41.9M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.976	−0.106%	$233K	—	120x	as long as short