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 +0.010%

Price spread now: Lighter against OKX+0.018%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.018%, 7d avg +0.009%

Together, before fees−0.073%+ Points / potential airdropLighter: Season 3 · farm board−$7 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	11.215	0.0100	pay 0.0100% / 8h	7h 10m	$20.0M	$130.7M	50x
Short	Lighter AVAX	11.217	0.0096	get 0.0012% / 1h	10m 27s	$1.2M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$0.84
Price spread: +0.018% → +0.009%: $0.85
Slippage, 4 orders: −$14.07
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$24.06
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Lighter: live order book, 2 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, 4 min ago	0.45 bp	7.9 bp −$8	18.7 bp −$187	doesn't fit	doesn't fit
Sell Lighter live order book, 2 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	−0.401%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0063%	1h	11.218	+0.031%	$294K	$680K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.216	+0.008%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.212	−0.027%	$5.3M	$8.4M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.214	−0.012%	$13K	—	150x	as long as short
Lighter AVAXshort	+0.0096%	1h	11.217	+0.018%	$1.2M	$3.1M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.217	+0.018%	$15K	$609K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.212	−0.024%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.218	+0.030%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.218	+0.029%	$298K	$100K	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	11.216	+0.006%	$119.7M	$475.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.218	+0.027%	$89.1M	$147.2M	75x	as long as short
OKX AVAX-USDT-SWAPlong	+0.0100%	8h	11.215	long leg	$20.0M	$130.7M	50x
Gate AVAX_USDT	+0.0100%	8h	11.219	+0.036%	$12.2M	$38.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.217	+0.018%	$51.0M	$89.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.218	+0.027%	$15.5M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.220	+0.045%	$34.1M	$53.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.218	+0.027%	—	$84.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.214	−0.009%	$359K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.214	−0.012%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.202	−0.117%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.190	−0.223%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.218	+0.027%	$132K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.219	+0.036%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.248	+0.293%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.213	−0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.207	−0.069%	$364K	$943K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.217	+0.018%	$30.1M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.214	−0.009%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.212	−0.027%	$258K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.216	+0.010%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.210	−0.045%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.214	−0.006%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.223	+0.071%	$913K	$6.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.214	−0.011%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0674%	1h	11.233	+0.160%	$43.9M	$49.6M	10x	as long as short