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 −0.018%

Price spread now: Bybit against MEXC−0.054%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$190.193% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.054%, 7d avg −0.030%

Together, before fees−0.014%−$1 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: Bybit is 0.024% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	11.099	0.0100	pay 0.0100% / 8h	4h 49m	$48.1M	$77.5M	200x
Short	Bybit AVAXUSDT	11.093	0.0100	get 0.0100% / 8h	4h 49m	$88.2M	$137.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.054%Rate

Funding earned: $0
Price spread: −0.054% → −0.030%: −$2.42
Slippage, 4 orders: −$8.25
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.68
Costs to cover: 0.193%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago	0.45 bp	1.3 bp −$1	4.1 bp −$41	28.2 bp −$2,815	98.9 bp −$49.4K
Sell Bybit live order book, 5 min ago	0.45 bp	8.7 bp −$9	17.0 bp −$170	38.9 bp −$3,891	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	11.030	−0.622%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.098	−0.009%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0005%	1h	11.089	−0.086%	$285K	$394K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.091	−0.072%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.098	−0.009%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.098	−0.013%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.081	−0.162%	$16K	$582K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.095	−0.035%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.096	−0.027%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.099	+0.003%	$289K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.098	−0.006%	$118.0M	$427.6M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.093	−0.054%	$88.2M	$137.6M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.096	−0.027%	$20.2M	$115.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.098	−0.009%	$12.1M	$34.0M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	11.099	long leg	$48.1M	$77.5M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.104	+0.045%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.095	−0.036%	$33.3M	$48.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.096	−0.027%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.099	0.000%	$335K	$524K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.091	−0.076%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.137	+0.342%	$355K	$835K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.108	+0.081%	$179K	$673K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.102	+0.027%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.107	+0.072%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.128	+0.264%	$12K	$703K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.101	+0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.094	−0.045%	$365K	$829K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.100	+0.009%	$29.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.095	−0.041%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.099	+0.003%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.104	+0.047%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.099	0.000%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.110	+0.099%	$890K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.093	−0.056%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.098	−0.009%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0685%	1h	11.112	+0.117%	$43.3M	$42.3M	10x	as long as short