Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%

Price spread now: Lighter against MEXC+0.053%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs$0as in the Price arb table

costs, in and out, $10k−$80.081% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.053%, 7d avg −0.027%

Together, before fees−0.179%+ Points / potential airdropLighter: Season 3 · farm board−$18 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: Lighter is 0.080% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	11.194	0.0100	pay 0.0100% / 8h	7h 06m	$50.9M	$89.2M	200x
Short	Lighter AVAX	11.200	0.0096	get 0.0012% / 1h	6m 44s	$1.2M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$0.84
Price spread: +0.053% → −0.027%: $7.96
Slippage, 4 orders: −$8.1
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.98
Costs to cover: 0.081%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Lighter: 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, 2 min ago	0.45 bp	0.4 bp $0	1.4 bp −$14	26.7 bp −$2,666	98.1 bp −$49.0K
Sell Lighter live order book, 6 min ago	2.67 bp	4.5 bp −$5	9.8 bp −$98	91.9 bp −$9,186	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	−0.1363%	1h	11.170	−0.214%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0107%	1h	11.190	−0.036%	$5.3M	$8.4M	25x	as long as short
Nado AVAX-PERP	−0.0066%	1h	11.196	+0.018%	$294K	$680K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.201	+0.060%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.193	−0.009%	$13K	—	150x	as long as short
Lighter AVAXshort	+0.0096%	1h	11.200	+0.053%	$1.2M	$3.1M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.193	−0.009%	$15K	$606K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.194	−0.002%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.190	−0.036%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.199	+0.046%	$297K	$107K	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	11.196	+0.014%	$119.6M	$474.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.195	+0.009%	$89.0M	$147.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.193	−0.009%	$20.0M	$130.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.190	−0.036%	$12.2M	$38.6M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	11.194	long leg	$50.9M	$89.2M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.201	+0.063%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.200	+0.054%	$34.0M	$53.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.203	+0.080%	—	$84.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.193	−0.009%	$358K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.214	+0.176%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.209	+0.134%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.211	+0.152%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.194	0.000%	$131K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.199	+0.045%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.221	+0.239%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.192	−0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.191	−0.031%	$364K	$944K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.192	−0.018%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.194	−0.002%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.189	−0.045%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.196	+0.017%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.196	+0.018%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.191	−0.029%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.202	+0.071%	$911K	$6.4M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0297%	1h	11.191	−0.031%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0664%	1h	11.215	+0.188%	$43.8M	$48.9M	10x	as long as short