Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.008%

Price spread now: Aevo against BingX−0.041%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$856as in the Funding arb table

Net, price: spread back to 7d avg − costs−$865as in the Price arb table

costs, in and out, $10k−$8608.599% of the position

Long on BingX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 3 days (all we have)−0.035%−$3 · spread now −0.041%, 7d avg +0.009%

Together, before fees+0.004%$0 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: Aevo is 0.050% cheaper against BingX than usual: you would sell low and buy high, −$5 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	BingX AVAX-USDC	11.085	0.0100	pay 0.0100% / 8h	6h 45m	—	$6.5M	—
Short	Aevo AVAX-PERP	11.080	0.0104	get 0.0013% / 1h	45m 20s	$255K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BingX. 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 BingXbpFee AevobpOrdersPrice spread, now −0.041%Rate

Funding earned: $0.84
Price spread: −0.041% → +0.009%: −$4.99
Slippage, 4 orders: −$833.91
Fee BingX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$864.06
Costs to cover: 8.599%
Break-even: 7207.5 days

Slippage from BingX: live order book, 6 min ago; Aevo: live order book, 24 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 BingX live order book, 6 min ago	0.90 bp	10.1 bp −$10	23.9 bp −$239	88.4 bp −$8,841	454.3 bp −$227.1K
Sell Aevo live order book, 24 min ago	193.84 bp	429.0 bp −$429	doesn't fit	doesn't fit	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	11.050	−0.316%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0201%	1h	11.082	−0.027%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0036%	1h	11.085	0.000%	$288K	$525K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.094	+0.084%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.086	+0.009%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0080%	8h	11.084	−0.009%	$12.1M	$36.4M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.086	+0.009%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.086	+0.009%	$18K	$600K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.094	+0.077%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.089	+0.037%	$2.3M	$1.4M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.098	+0.119%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.088	+0.027%	$118.1M	$471.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.090	+0.045%	$88.3M	$146.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.089	+0.036%	$19.8M	$127.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.082	−0.027%	$48.4M	$82.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.090	+0.045%	$15.4M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.081	−0.036%	$33.3M	$52.5M	75x	as long as short
BingX AVAX-USDClong	+0.0100%	8h	11.085	long leg	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.096	+0.099%	$355K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.094	+0.079%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.127	+0.379%	$353K	$807K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.113	+0.253%	$179K	$682K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.087	+0.018%	$130K	$369K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.091	+0.054%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.116	+0.277%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.086	+0.009%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.095	+0.095%	$360K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.090	+0.045%	$29.6M	$5.4M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.083	−0.017%	$668K	$2.0M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	11.080	−0.041%	$255K	—	3x
BloFin AVAX-USDT	+0.0220%	8h	11.117	+0.289%	$5.0M	$6.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.080	−0.042%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.090	+0.048%	$4.3M	$12.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.093	+0.072%	$908K	$6.1M	50x	as long as short
Hyperliquid AVAX	+0.0416%	1h	11.100	+0.135%	$43.2M	$48.0M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.085	+0.004%	$235K	—	120x	as long as short