Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.008%

Price spread now: BingX against Lighter0.000%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$160.165% of the position

Long on Lighter Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 7 days+0.125%+$12 · spread now 0.000%, 7d avg +0.015%

Together, before fees+0.244%+ Points / potential airdropLighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	10.707	0.0096	pay 0.0012% / 1h	11m 29s	$1.2M	$2.4M	10x
Short	BingX AVAX-USDT	10.707	0.0100	get 0.0100% / 8h	11m 29s	—	$53.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Lighter. 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 LighterbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0.84
Price spread: 0.000% → +0.015%: −$1.47
Slippage, 4 orders: −$6.48
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$17.11
Costs to cover: 0.165%
Break-even: 149.6 days

Slippage from Lighter: live order book, 10 min ago; BingX: live order book, 7 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 Lighter live order book, 10 min ago	2.62 bp	2.8 bp −$3	10.6 bp −$106	86.4 bp −$8,639	doesn't fit
Sell BingX live order book, 7 min ago	0.47 bp	5.5 bp −$5	6.1 bp −$61	8.1 bp −$812	24.4 bp −$12.2K

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	−0.0193%	1h	10.707	−0.005%	$289K	$328K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.708	+0.007%	$3.8M	$11.6M	50x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.711	+0.036%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.712	+0.043%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.709	+0.019%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.706	−0.012%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0010%	8h	10.706	−0.009%	$13.2M	$30.9M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.495%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.705	−0.020%	$12K	$212	20x	as long as short
Lighter AVAXlong	+0.0096%	1h	10.707	long leg	$1.2M	$2.4M	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.709	+0.019%	$25K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.717	+0.093%	$36.7M	$41.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.708	+0.012%	$2.2M	$896K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.711	+0.037%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.704	−0.024%	$113.3M	$405.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.702	−0.047%	$81.7M	$139.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.703	−0.037%	$18.8M	$107.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.708	+0.009%	$52.7M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.707	0.000%	$13.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.708	+0.009%	$32.6M	$46.5M	75x	as long as short
BingX AVAX-USDTshort	+0.0100%	8h	10.707	0.000%	—	$53.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.710	+0.028%	$437K	$546K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.715	+0.075%	$337K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.720	+0.121%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.710	+0.028%	$134K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.712	+0.047%	$232K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.743	+0.338%	$12K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.706	−0.009%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.706	−0.014%	$326K	$859K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.709	+0.019%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.707	+0.004%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.708	+0.013%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.712	+0.047%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.717	+0.093%	$852K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.707	−0.003%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.715	+0.074%	$226K	—	120x	as long as short