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 −0.015%

Price spread now: Bybit against OKX0.000%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days0.000%$0 · spread now 0.000%, 7d avg −0.004%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AVAX-USDT-SWAP	11.237	0.0100	pay 0.0100% / 8h	4m 18s	$20.3M	$143.3M	50x
Short	Bybit AVAXUSDT	11.237	0.0100	get 0.0100% / 8h	4m 18s	$89.6M	$154.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.004%: $0.42
Slippage, 4 orders: −$11.89
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$32.46
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from OKX: 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 OKX live order book, 5 min ago	0.44 bp	7.7 bp −$8	15.9 bp −$159	71.5 bp −$7,146	doesn't fit
Sell Bybit live order book, 5 min ago	0.44 bp	7.8 bp −$8	12.8 bp −$128	37.0 bp −$3,704	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	11.180	−0.507%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0097%	1h	11.236	−0.009%	$296K	$877K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0017%	1h	11.237	0.000%	$5.3M	$8.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.238	+0.007%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.240	+0.026%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.237	0.000%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.237	0.000%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.235	−0.017%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.237	+0.003%	$2.3M	$1.7M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.238	+0.005%	$298K	$118K	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	11.237	0.000%	$120.4M	$510.6M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.237	0.000%	$89.6M	$154.8M	75x
OKX AVAX-USDT-SWAPlong	+0.0100%	8h	11.237	long leg	$20.3M	$143.3M	50x
Gate AVAX_USDT	+0.0100%	8h	11.237	0.000%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.237	0.000%	$50.0M	$93.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.242	+0.044%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.239	+0.018%	$34.3M	$57.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.238	+0.009%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.240	+0.027%	$359K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.226	−0.098%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.224	−0.113%	$351K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.238	+0.009%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.240	+0.027%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.245	+0.071%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.267	+0.267%	$12K	$736K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.237	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.236	−0.011%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.234	−0.027%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.236	−0.011%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.234	−0.024%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.225	−0.107%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.235	−0.018%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.245	+0.067%	$4.6M	$13.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.245	+0.071%	$918K	$7.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0432% / S −0.0255%	1h	11.238	+0.006%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0764%	1h	11.253	+0.142%	$43.9M	$55.0M	10x	as long as short