Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.012%

Price spread now: BloFin against Aevo+0.277%53s7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$734as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$7507.498% of the position

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.158%+$16 on $10k

Price spread, last 4 days (all we have)−0.258%−$26 · spread now +0.277%, 7d avg +0.029%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.248% dearer against Aevo than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.029%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	10.600	0.0104	pay 0.0013% / 1h	49m 47s	$243K	—	3x
Short	BloFin AVAX-USDT	10.629	0.0220	get 0.0220% / 8h	2h 49m	$4.7M	$5.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. 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 AevobpFee BloFinbpOrdersPrice spread, now +0.277%Rate

Funding earned: $24.36
Price spread: +0.277% → +0.029%: $24.77
Slippage, 4 orders: −$721.76
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$700.63
Costs to cover: 7.498%
Break-even: 208.3 days

Slippage from Aevo: live order book, 64 min ago; BloFin: live order book, 4 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 Aevo live order book, 64 min ago	179.73 bp	354.1 bp −$354	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	4.69 bp	11.2 bp −$11	14.9 bp −$149	40.6 bp −$4,060	84.7 bp −$42.4K

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	+1.513%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0282%	1h	10.593	−0.066%	$4.2M	$11.3M	50x	as long as short
ApeX Omni AVAXUSDT	−0.0251%	1h	10.655	+0.522%	$172K	$666K	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0127%	1h	10.601	+0.012%	$4.8M	$7.6M	25x	as long as short
Polymarket Perps AVAX-USD	−0.0019%	1h	10.612	+0.116%	$131K	$345K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.599	−0.007%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.614	+0.138%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0014%	8h	10.590	−0.091%	$12.0M	$31.7M	75x	as long as short
Variational Omni AVAX	+0.0037%	8h	10.617	+0.160%	$2.8M	$2.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0058%	1h	10.592	−0.072%	$369K	$534K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0096%	8h	10.606	+0.060%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.598	−0.011%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.610	+0.097%	$9K	$444K	50x	as long as short
SoDEX AVAX-USD	+0.0097%	1h	10.588	−0.110%	$18K	$72K	10x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.613	+0.126%	$281K	$322K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.600	+0.003%	$38.2M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.594	−0.056%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.604	+0.041%	$267K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.600	+0.003%	$111.1M	$425.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.596	−0.035%	$78.6M	$143.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.607	+0.069%	$18.6M	$110.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.600	+0.003%	$40.7M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.599	−0.006%	$13.3M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.591	−0.082%	$31.3M	$48.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.603	+0.031%	—	$55.0M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.654	+0.510%	$336K	$950K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.612	+0.116%	$186K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.653	+0.502%	$12K	$738K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.599	−0.006%	$351K	$787K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.595	−0.044%	$28.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.588	−0.111%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	10.600	long leg	$243K	—	3x
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.589	−0.101%	$860K	$4.7M	50x	as long as short
BloFin AVAX-USDTshort	+0.0220%	8h	10.629	+0.277%	$4.7M	$5.5M	100x
Reya AVAXRUSDPERP	+0.0244%	1h	10.609	+0.086%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.614	+0.136%	$232K	—	120x	as long as short