Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.044%
Price spread now: Bybit against BloFin−0.146%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$310.307% of the position
Funding, last 7 days−0.266%−$27 on $10k
+Price spread, last 4 days (all we have)+0.351%+$35 · spread now −0.146%, 7d avg −0.047%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.099% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin AVAX-USDT | 10.991 | 0.0220 | pay 0.0220% / 8h | 4h 14m | $5.0M | $5.4M | 100x |
| Short | Bybit AVAXUSDT | 10.975 | 0.0100 | get 0.0100% / 8h | 4h 14m | $85.0M | $139.9M | 75x |
BloFin AVAX-USDT
Bybit AVAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.2
- Price spread: −0.146% → −0.047%
- −$9.89
- Slippage, 4 orders
- −$7.69
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$65.79
- Costs to cover
- 0.307%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Bybit: 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 BloFin live order book, 4 min ago | 0.45 bp | 6.5 bp −$6 | 12.8 bp −$128 | 29.2 bp −$2,924 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.45 bp | 9.3 bp −$9 | 16.4 bp −$164 | 41.1 bp −$4,111 | 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 | 10.990 | −0.009% | $17K | $151K | 12x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0023% | 1h | 10.986 | −0.045% | $5.1M | $7.9M | 25x | as long as short |
| Nado AVAX-PERP | −0.0013% | 1h | 10.984 | −0.061% | $286K | $371K | 10x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 10.982 | −0.084% | $96K | $97K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 10.986 | −0.045% | $12K | — | 150x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 10.981 | −0.095% | $1.2M | $2.9M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 10.996 | +0.045% | $15K | $550K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0100% | 8h | 10.979 | −0.105% | $12K | $434 | 20x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 10.984 | −0.064% | $2.2M | $1.1M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 10.985 | −0.059% | $286K | $114K | 10x | as long as short |
Injective AVAX/USDC PERP
Deribit AVAX_USDC-PERPETUAL
Nado AVAX-PERP
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Lighter AVAX
Popdex AVAXUSDT
Paradex AVAX-USD-PERP
Aster AVAXUSDT
Pacifica AVAXShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance AVAXUSDT | +0.0100% | 8h | 10.980 | −0.100% | $115.6M | $430.3M | 75x | as long as short |
| Bybit AVAXUSDTshort | +0.0100% | 8h | 10.975 | −0.146% | $85.0M | $139.9M | 75x | |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 10.980 | −0.100% | $20.2M | $114.7M | 50x | as long as short |
| Gate AVAX_USDT | +0.0100% | 8h | 10.981 | −0.091% | $12.1M | $34.5M | 75x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 10.980 | −0.100% | $46.2M | $78.6M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 10.986 | −0.045% | $15.4M | $21.7M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 10.976 | −0.136% | $32.9M | $48.0M | 75x | as long as short |
| BingX AVAX-USDC | +0.0100% | 8h | 10.979 | −0.109% | — | $6.5M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 10.985 | −0.055% | $330K | $525K | 15x | as long as short |
| Variational Omni AVAX | +0.0100% | 8h | 10.963 | −0.259% | $2.9M | $2.2M | — | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 11.041 | +0.453% | $352K | $874K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 11.040 | +0.446% | $178K | $671K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 10.996 | +0.045% | $129K | $345K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 10.991 | 0.000% | $193K | $310K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.015 | +0.219% | $12K | $713K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 10.987 | −0.036% | $18K | $71K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 10.993 | +0.023% | $366K | $812K | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 10.991 | 0.000% | $29.3M | $5.8M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 10.974 | −0.155% | $678K | $1.4M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 10.982 | −0.084% | $252K | — | 3x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0214% | 1h | 10.990 | −0.013% | $4.2M | $11.3M | 50x | as long as short |
| BloFin AVAX-USDTlong | +0.0220% | 8h | 10.991 | long leg | $5.0M | $5.4M | 100x | |
| Coinbase International AVAX-PERP-INTX | +0.0232% | 1h | 10.977 | −0.127% | $889K | $5.2M | 50x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 10.982 | −0.084% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0436% / S −0.0295% | 1h | 10.985 | −0.051% | $233K | — | 120x | as long as short |
| Hyperliquid AVAX | +0.0513% | 1h | 10.996 | +0.045% | $42.7M | $42.1M | 10x | as long as short |
Binance AVAXUSDT
OKX AVAX-USDT-SWAP
Gate AVAX_USDT
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDC
Backpack AVAX_USDC_PERP
Variational Omni AVAX
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Aevo AVAX-PERP
Kraken Futures PF_AVAXUSD
Coinbase International AVAX-PERP-INTX
Reya AVAXRUSDPERP
GMX AVAX/USD [AVAX-USDC]
Hyperliquid AVAX