Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Bitget against MEXC+0.036%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$190.189% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days−0.080%−$8 · spread now +0.036%, 7d avg −0.023%

Together, before fees−0.068%−$7 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: Bitget is 0.059% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	11.234	0.0100	pay 0.0100% / 8h	56m 26s	$51.1M	$92.9M	200x
Short	Bitget AVAXUSDT	11.238	0.0100	get 0.0100% / 8h	56m 26s	$34.3M	$59.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → −0.023%: $5.88
Slippage, 4 orders: −$6.86
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$12.98
Costs to cover: 0.189%
Break-even: never at this rate

Slippage from MEXC: live order book, 8 min ago; Bitget: live order book, 3 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, 8 min ago	0.44 bp	0.4 bp $0	2.9 bp −$29	41.2 bp −$4,118	103.5 bp −$51.8K
Sell Bitget live order book, 3 min ago	0.44 bp	8.7 bp −$9	15.1 bp −$151	39.6 bp −$3,964	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	−0.1451%	1h	11.190	−0.392%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0195%	1h	11.222	−0.107%	$5.3M	$9.0M	25x	as long as short
Nado AVAX-PERP	−0.0053%	1h	11.229	−0.040%	$296K	$892K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.226	−0.074%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.236	+0.018%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0036%	8h	11.226	−0.071%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.226	−0.074%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.230	−0.036%	$18K	$687K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.224	−0.085%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.232	−0.022%	$2.3M	$1.8M	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	11.228	−0.054%	$298K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.236	+0.017%	$120.1M	$521.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.235	+0.009%	$89.5M	$156.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.237	+0.027%	$20.2M	$145.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.228	−0.053%	$12.5M	$39.8M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	11.234	long leg	$51.1M	$92.9M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.236	+0.018%	$15.7M	$24.5M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	11.238	+0.036%	$34.3M	$59.6M	75x
BingX AVAX-USDT	+0.0100%	8h	11.233	−0.009%	—	$87.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.225	−0.080%	$359K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.229	−0.045%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.237	+0.027%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.234	0.000%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.247	+0.116%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.260	+0.228%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.225	−0.080%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.229	−0.040%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.225	−0.080%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.227	−0.059%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.241	+0.063%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.221	−0.116%	$5.0M	$7.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.230	−0.031%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.231	−0.031%	$4.6M	$13.4M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.239	+0.045%	$916K	$8.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0415% / S −0.0265%	1h	11.235	+0.012%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0759%	1h	11.249	+0.134%	$43.5M	$56.7M	10x	as long as short