Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%

Price spread now: MEXC against Phemex−0.028%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.028%, 7d avg −0.020%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVAXUSDT	10.725	0.0100	pay 0.0100% / 8h	2h 13m	$28.6M	$5.8M	50x
Short	MEXC AVAX_USDT	10.722	0.0100	get 0.0100% / 8h	2h 13m	$45.2M	$80.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Phemex. 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 PhemexbpFee MEXCbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → −0.020%: −$0.76
Slippage, 4 orders: −$26.43
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$39.19
Costs to cover: 0.384%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; MEXC: live order book, 1 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 Phemex live order book, 6 min ago	7.07 bp	18.8 bp −$19	27.0 bp −$270	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.40 bp	2.0 bp −$2	4.3 bp −$43	33.7 bp −$3,373	99.3 bp −$49.7K

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	−0.1423%	1h	10.760	+0.326%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.723	−0.016%	$4.2M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0075%	1h	10.725	−0.005%	$284K	$341K	10x	as long as short
Variational Omni AVAX	−0.0034%	8h	10.610	−1.075%	$2.8M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.719	−0.059%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.725	0.000%	$4.8M	$7.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.723	−0.016%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0025%	8h	10.722	−0.028%	$12.4M	$32.9M	75x	as long as short
Bybit AVAXUSDT	+0.0066%	8h	10.707	−0.168%	$80.7M	$147.4M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.720	−0.043%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.724	−0.009%	$18K	$434K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.725	−0.002%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.730	+0.047%	$37.7M	$44.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.717	−0.078%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.717	−0.073%	$268K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.712	−0.124%	$114.6M	$433.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.711	−0.131%	$19.0M	$114.1M	50x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	10.722	−0.028%	$45.2M	$80.8M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.719	−0.056%	$13.2M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.719	−0.056%	$32.4M	$49.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.721	−0.037%	—	$54.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.725	0.000%	$428K	$588K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.639	−0.802%	$343K	$988K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.649	−0.709%	$172K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.729	+0.037%	$134K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.729	+0.037%	$217K	$338K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.747	+0.202%	$12K	$763K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.718	−0.065%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.723	−0.023%	$348K	$812K	75x	as long as short
Phemex AVAXUSDTlong	+0.0100%	8h	10.725	long leg	$28.6M	$5.8M	50x
Extended AVAX-USD	+0.0104%	1h	10.718	−0.069%	$643K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.720	−0.051%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.733	+0.075%	$932K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.722	−0.028%	$4.7M	$5.8M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.722	−0.025%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.725	+0.004%	$227K	—	120x	as long as short