Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.013%

Price spread now: Lighter against BloFin−0.019%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.325%−$32 on $10k

Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.019%, 7d avg −0.031%

Together, before fees−0.250%+ Points / potential airdropLighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AVAX-USDT	10.727	0.0220	pay 0.0220% / 8h	2h 03m	$4.7M	$5.7M	100x
Short	Lighter AVAX	10.725	0.0096	get 0.0012% / 1h	3m 12s	$1.2M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$26.04
Price spread: −0.019% → −0.031%: $1.24
Slippage, 4 orders: −$13.92
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$50.72
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Lighter: 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, 6 min ago	0.93 bp	7.8 bp −$8	14.1 bp −$141	31.4 bp −$3,139	71.7 bp −$35.9K
Sell Lighter live order book, 4 min ago	3.17 bp	3.5 bp −$3	11.1 bp −$111	87.1 bp −$8,714	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	10.760	+0.308%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.728	+0.009%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0100%	1h	10.723	−0.033%	$287K	$340K	10x	as long as short
Variational Omni AVAX	−0.0030%	8h	10.729	+0.015%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.731	+0.041%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.724	−0.028%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.720	−0.070%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0043%	8h	10.725	−0.019%	$12.6M	$33.2M	75x	as long as short
Bybit AVAXUSDT	+0.0085%	8h	10.725	−0.019%	$82.4M	$149.0M	75x	as long as short
Lighter AVAXshort	+0.0096%	1h	10.725	−0.019%	$1.2M	$2.6M	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.718	−0.084%	$18K	$431K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.722	−0.049%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.736	+0.084%	$37.6M	$44.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.725	−0.020%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.728	+0.009%	$269K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.725	−0.019%	$114.4M	$433.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.723	−0.037%	$18.8M	$114.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.728	+0.009%	$45.6M	$81.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.724	−0.028%	$13.3M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.725	−0.019%	$32.5M	$49.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.723	−0.037%	—	$54.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.726	−0.009%	$428K	$589K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.721	−0.057%	$335K	$999K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.743	+0.149%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.720	−0.065%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.727	0.000%	$231K	$352K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.750	+0.214%	$11K	$767K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.723	−0.037%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.723	−0.034%	$344K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.722	−0.047%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.718	−0.086%	$615K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.723	−0.033%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.738	+0.103%	$934K	$5.1M	50x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	10.727	long leg	$4.7M	$5.7M	100x
Reya AVAXRUSDPERP	+0.0245%	1h	10.716	−0.107%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.719	−0.071%	$227K	—	120x	as long as short