Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.013%

Price spread now: MEXC against Popdex+0.169%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$3as in the Price arb table

costs, in and out, $10k−$150.149% of the position

Long on Popdex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.169%, 7d avg −0.009%

Together, before fees−0.176%−$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: MEXC is 0.179% dearer against Popdex than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	10.650	0.0096	pay 0.0012% / 1h	52m 52s	$9K	$441K	50x
Short	MEXC AVAX_USDT	10.668	0.0100	get 0.0100% / 8h	2h 52m	$41.2M	$78.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Popdex. 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 PopdexbpFee MEXCbpOrdersPrice spread, now +0.169%Rate

Funding earned: $0.84
Price spread: +0.169% → −0.009%: $17.85
Slippage, 4 orders: −$8.5
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee MEXC: 0 bp × 2 orders: $0
Net: $3.79
Costs to cover: 0.149%
Break-even: from the start

Slippage from Popdex: live order book, 61 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 Popdex live order book, 61 min ago	1.36 bp	6.5 bp −$6	19.2 bp −$192	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.94 bp	1.8 bp −$2	5.9 bp −$59	47.7 bp −$4,765	100.4 bp −$50.2K

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	+1.033%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0280%	1h	10.662	+0.116%	$4.1M	$11.1M	50x	as long as short
Polymarket Perps AVAX-USD	−0.0043%	1h	10.654	+0.038%	$131K	$343K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.662	+0.113%	$4.8M	$7.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.659	+0.082%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.658	+0.078%	$12K	—	150x	as long as short
Backpack AVAX_USDC_PERP	+0.0011%	1h	10.667	+0.160%	$371K	$531K	15x	as long as short
Gate AVAX_USDT	+0.0025%	8h	10.669	+0.178%	$12.1M	$31.5M	75x	as long as short
Variational Omni AVAX	+0.0052%	8h	10.727	+0.719%	$2.8M	$2.2M	—	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.653	+0.027%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.660	+0.094%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDTlong	+0.0096%	1h	10.650	long leg	$9K	$441K	50x
Nado AVAX-PERP	+0.0100%	1h	10.645	−0.047%	$282K	$322K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.673	+0.216%	$39.3M	$41.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.659	+0.081%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.657	+0.066%	$268K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.665	+0.137%	$111.4M	$423.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.656	+0.056%	$79.3M	$142.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.663	+0.122%	$19.1M	$109.3M	50x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	10.668	+0.169%	$41.2M	$78.5M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.676	+0.244%	$14.5M	$22.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.667	+0.160%	$31.6M	$48.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.662	+0.113%	—	$54.8M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.726	+0.710%	$338K	$950K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.727	+0.723%	$173K	$665K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.664	+0.131%	$187K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.689	+0.368%	$11K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.659	+0.085%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.661	+0.099%	$353K	$789K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.666	+0.150%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.666	+0.151%	$644K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.659	+0.082%	$245K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.661	+0.103%	$869K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.651	+0.009%	$4.8M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.649	−0.011%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.658	+0.078%	$233K	—	120x	as long as short