Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.096%

Price spread now: MEXC against Hyperliquid−0.056%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.056%, 7d avg −0.032%

Together, before fees−0.031%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 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: MEXC is 0.024% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AVAX	10.685	0.0100	pay 0.0013% / 1h	3m 15s	$37.1M	$43.6M	10x
Short	MEXC AVAX_USDT	10.679	0.0100	get 0.0100% / 8h	1h 03m	$45.3M	$81.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Hyperliquid. 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 HyperliquidbpFee MEXCbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.032%: −$2.43
Slippage, 4 orders: −$7.2
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$18.64
Costs to cover: 0.162%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; MEXC: live order book, 1 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 Hyperliquid live order book, 10 min ago	1.39 bp	6.7 bp −$7	11.1 bp −$111	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.47 bp	1.9 bp −$2	4.5 bp −$45	24.3 bp −$2,431	94.3 bp −$47.2K

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
Nado AVAX-PERP	−0.0194%	1h	10.675	−0.094%	$280K	$337K	10x	as long as short
Variational Omni AVAX	−0.0062%	8h	10.713	+0.259%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.678	−0.066%	$4.8M	$6.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.686	+0.013%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.679	−0.057%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0015%	8h	10.681	−0.037%	$12.9M	$32.5M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.702%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0074%	1h	10.677	−0.075%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0084%	8h	10.680	−0.050%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0087%	8h	10.674	−0.103%	$81.5M	$144.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.678	−0.069%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.681	−0.037%	$25K	$474K	50x	as long as short
Hyperliquid AVAXlong	+0.0100%	1h	10.685	long leg	$37.1M	$43.6M	10x
Aster AVAXUSDT	+0.0100%	8h	10.685	+0.003%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.689	+0.034%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.678	−0.069%	$113.0M	$419.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.672	−0.122%	$18.8M	$111.0M	50x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	10.679	−0.056%	$45.3M	$81.3M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.678	−0.066%	$13.6M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.677	−0.075%	$32.3M	$48.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.674	−0.103%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.677	−0.075%	$435K	$558K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.703	+0.170%	$339K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.702	+0.159%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.682	−0.028%	$134K	$347K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.685	0.000%	$230K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.703	+0.168%	$11K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.678	−0.070%	$325K	$886K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.681	−0.037%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.673	−0.113%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.676	−0.083%	$245K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.678	−0.068%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.729	+0.412%	$853K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.675	−0.094%	$4.6M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.672	−0.119%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.678	−0.067%	$225K	—	120x	as long as short