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 +0.032%

Price spread now: MEXC against Orderly−0.053%7-day average −0.039% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.158%+$16 · spread now −0.053%, 7d avg −0.039%

Together, before fees+0.159%+$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	11.255	0.0100	pay 0.0100% / 8h	1h 30m	$202K	$301K	20x
Short	MEXC AVAX_USDT	11.249	0.0100	get 0.0100% / 8h	1h 30m	$52.2M	$100.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Orderly. 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 OrderlybpFee MEXCbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → −0.039%: −$1.4
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$7.4
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 4 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	0.44 bp	0.4 bp $0	4.0 bp −$40	35.5 bp −$3,552	101.0 bp −$50.5K

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0570%	1h	11.210	−0.400%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0195%	1h	11.242	−0.116%	$5.3M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0017%	1h	11.241	−0.124%	$297K	$895K	10x	as long as short
Variational Omni AVAX	−0.0016%	8h	11.259	+0.036%	$3.0M	$2.4M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.251	−0.039%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.252	−0.025%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.247	−0.073%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.247	−0.071%	$16K	$691K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.237	−0.160%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.251	−0.033%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.247	−0.071%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.252	−0.027%	$120.3M	$526.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.252	−0.027%	$88.9M	$157.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.252	−0.027%	$20.3M	$146.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.247	−0.071%	$12.6M	$40.2M	75x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	11.249	−0.053%	$52.2M	$100.0M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.252	−0.027%	$16.4M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.251	−0.036%	$34.2M	$60.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.250	−0.044%	—	$89.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.247	−0.071%	$360K	$571K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.261	+0.054%	$360K	$898K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.282	+0.240%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.252	−0.027%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	11.255	long leg	$202K	$301K	20x
SunX AVAX-USDT	+0.0100%	8h	11.290	+0.315%	$12K	$730K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.244	−0.098%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.272	+0.148%	$362K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.249	−0.053%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.236	−0.173%	$673K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.254	−0.008%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.276	+0.187%	$910K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.243	−0.107%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.248	−0.061%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0403% / S −0.0247%	1h	11.252	−0.023%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0612%	1h	11.267	+0.107%	$43.6M	$57.2M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0629%	1h	11.251	−0.032%	$4.6M	$13.5M	50x	as long as short