Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.017%

Price spread now: OKX against Aevo−0.206%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$773as in the Funding arb table

Net, price: spread back to 7d avg − costs−$783as in the Price arb table

costs, in and out, $10k−$7647.639% of the position

Long on Aevo Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 4 days (all we have)+0.445%+$45 · spread now −0.206%, 7d avg −0.011%

Together, before fees+0.356%+$36 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: OKX is 0.195% cheaper against Aevo than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	11.178	0.0104	pay 0.0013% / 1h	39m 47s	$257K	—	3x
Short	OKX AVAX-USDT-SWAP	11.155	0.0100	get 0.0100% / 8h	4h 39m	$20.4M	$116.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.206%Rate

Funding earned: −$0.84
Price spread: −0.206% → −0.011%: −$19.46
Slippage, 4 orders: −$737.92
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$784.22
Costs to cover: 7.639%
Break-even: never at this rate

Slippage from Aevo: live order book, 19 min ago; OKX: 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, 19 min ago	181.25 bp	362.4 bp −$362	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.45 bp	8.3 bp −$8	16.4 bp −$164	59.1 bp −$5,910	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
Injective AVAX/USDC PERP	−0.1423%	1h	11.080	−0.877%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0038%	1h	11.179	+0.009%	$288K	$373K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.169	−0.082%	$98K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.178	0.000%	$5.2M	$7.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.176	−0.018%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.168	−0.086%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.180	+0.018%	$16K	$579K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.175	−0.027%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.173	−0.047%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.182	+0.031%	$292K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.167	−0.094%	$118.5M	$427.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.159	−0.170%	$88.7M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	11.155	−0.206%	$20.4M	$116.0M	50x
Gate AVAX_USDT	+0.0100%	8h	11.169	−0.081%	$12.2M	$34.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.170	−0.072%	$48.2M	$77.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.174	−0.036%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.171	−0.063%	$33.5M	$48.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.173	−0.045%	—	$79.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.177	−0.009%	$338K	$520K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.161	−0.148%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	−0.250%	$356K	$835K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.153	−0.224%	$179K	$674K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.186	+0.072%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.186	+0.072%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.210	+0.284%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.176	−0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.178	+0.004%	$368K	$835K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.173	−0.045%	$29.8M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.167	−0.097%	$689K	$1.4M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	11.178	long leg	$257K	—	3x
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.182	+0.033%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.167	−0.098%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.184	+0.054%	$894K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.179	+0.005%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.176	−0.018%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0614%	1h	11.185	+0.063%	$43.4M	$42.3M	10x	as long as short