Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.032%

Price spread now: Bybit against Aevo−0.015%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,005as in the Funding arb table

Net, price: spread back to 7d avg − costs−$994as in the Price arb table

costs, in and out, $10k−$9959.946% of the position

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 3 days (all we have)+0.231%+$23 · spread now −0.015%, 7d avg −0.019%

Together, before fees+0.124%+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	11.321	0.0104	pay 0.0013% / 1h	4m 33s	$260K	—	3x
Short	Bybit AVAXUSDT	11.319	0.0100	get 0.0100% / 8h	2h 04m	$91.1M	$156.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$0.84
Price spread: −0.015% → −0.019%: $0.37
Slippage, 4 orders: −$967.57
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$995.04
Costs to cover: 9.946%
Break-even: never at this rate

Slippage from Aevo: live order book, 19 min ago; Bybit: live order book, 5 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, 19 min ago	238.27 bp	486.0 bp −$486	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.88 bp	7.9 bp −$8	15.8 bp −$158	41.9 bp −$4,187	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
Deribit AVAX_USDC-PERPETUAL	−0.0279%	1h	11.327	+0.055%	$5.4M	$9.3M	25x	as long as short
Nado AVAX-PERP	−0.0078%	1h	11.356	+0.311%	$300K	$958K	10x	as long as short
Variational Omni AVAX	−0.0076%	8h	11.354	+0.298%	$3.1M	$2.2M	—	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.300	−0.183%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.325	+0.041%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.335	+0.123%	$16K	—	150x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.358	+0.329%	$997K	$8.4M	50x	as long as short
Gate AVAX_USDT	+0.0072%	8h	11.326	+0.046%	$12.7M	$40.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0096%	8h	11.313	−0.068%	$20.4M	$149.1M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.325	+0.038%	$1.3M	$3.3M	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	11.308	−0.113%	$12K	$704K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.328	+0.065%	$13K	$766	20x	as long as short
Phemex AVAXUSDT	+0.0099%	8h	11.313	−0.068%	$30.3M	$4.9M	50x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.325	+0.039%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.326	+0.048%	$301K	$121K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.320	−0.006%	$121.5M	$536.8M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.319	−0.015%	$91.1M	$156.3M	75x
MEXC AVAX_USDT	+0.0100%	8h	11.315	−0.051%	$55.5M	$110.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.326	+0.046%	$16.5M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.315	−0.051%	$34.8M	$61.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.313	−0.068%	—	$90.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.316	−0.042%	$341K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.320	−0.008%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.368	+0.417%	$186K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.351	+0.267%	$135K	$485K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.336	+0.135%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.360	+0.349%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.316	−0.042%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.304	−0.151%	$365K	$1.1M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.311	−0.084%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	11.321	long leg	$260K	—	3x
BloFin AVAX-USDT	+0.0220%	8h	11.311	−0.086%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.342	+0.186%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.320	−0.008%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.333	+0.112%	$245K	—	120x	as long as short
Hyperliquid AVAX	+0.0684%	1h	11.342	+0.188%	$44.0M	$58.6M	10x	as long as short