Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h +0.099%

Price spread now: Hyperliquid against MEXC+0.147%7-day average +0.030% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

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

Long on MEXC Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$8 on $10k

Price spread, last 7 days−0.151%−$15 · spread now +0.147%, 7d avg +0.030%

Together, before fees−0.076%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.117% dearer against MEXC than usual: you sell high and buy low: +$12 more if the spread 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	10.905	0.0100	pay 0.0100% / 8h	3h 13m	$45.5M	$78.9M	200x
Short	Hyperliquid AVAX	10.921	0.0238	get 0.0030% / 1h	13m 02s	$41.9M	$40.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.147%Rate

Funding earned: $28.93
Price spread: +0.147% → +0.030%: $11.65
Slippage, 4 orders: −$5.26
Fee MEXC: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $26.33
Costs to cover: 0.143%
Break-even: 0.6 days

Slippage from MEXC: live order book, 1 min ago; Hyperliquid: live order book, 10 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	0.6 bp −$1	2.9 bp −$29	31.3 bp −$3,132	93.2 bp −$46.6K
Sell Hyperliquid live order book, 10 min ago	0.46 bp	6.4 bp −$6	11.4 bp −$114	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	−0.1421%	1h	10.880	−0.229%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0117%	1h	10.906	+0.009%	$5.0M	$7.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.910	+0.041%	$95K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.909	+0.037%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.910	+0.046%	$4.2M	$11.0M	50x	as long as short
Nado AVAX-PERP	+0.0027%	1h	10.902	−0.023%	$283K	$308K	10x	as long as short
Gate AVAX_USDT	+0.0071%	8h	10.903	−0.018%	$12.3M	$32.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.907	+0.020%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.906	+0.009%	$8K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	10.907	+0.021%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	10.912	+0.062%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.911	+0.051%	$275K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.904	−0.007%	$114.4M	$416.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.900	−0.046%	$82.6M	$137.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.901	−0.037%	$19.8M	$109.7M	50x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	10.905	long leg	$45.5M	$78.9M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.906	+0.009%	$15.0M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.902	−0.028%	$32.9M	$46.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.903	−0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.907	+0.018%	$371K	$546K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.912	+0.060%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.914	+0.087%	$343K	$953K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.927	+0.202%	$175K	$665K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.905	0.000%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.911	+0.055%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.935	+0.279%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.905	0.000%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.891	−0.129%	$358K	$770K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.909	+0.037%	$29.1M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.897	−0.070%	$674K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.905	0.000%	$250K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.903	−0.018%	$4.8M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.923	+0.165%	$889K	$4.8M	50x	as long as short
Hyperliquid AVAXshort	+0.0238%	1h	10.921	+0.147%	$41.9M	$40.3M	10x
Reya AVAXRUSDPERP	+0.0244%	1h	10.900	−0.048%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0445% / S −0.0279%	1h	10.909	+0.032%	$237K	—	120x	as long as short