Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%

Price spread now: ApeX Omni against MEXC+0.337%66s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.341% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−0.045%−$4 · spread now +0.337%, 7d avg +0.040%

Together, before fees+0.018%+$2 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: ApeX Omni is 0.298% dearer against MEXC than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of +0.040%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	10.967	0.0100	pay 0.0100% / 8h	3h 44m	$45.7M	$78.1M	200x
Short	ApeX Omni AVAXUSDT	11.004	0.0100	get 0.0013% / 1h	44m 19s	$177K	$668K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now +0.337%Rate

Funding earned: $0
Price spread: +0.337% → +0.040%: $29.78
Slippage, 4 orders: −$24.12
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$4.34
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; ApeX Omni: live order book, 9 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 MEXC live order book, 5 min ago	0.91 bp	1.2 bp −$1	4.1 bp −$41	29.1 bp −$2,908	94.6 bp −$47.3K
Sell ApeX Omni live order book, 9 min ago	6.36 bp	15.3 bp −$15	84.2 bp −$842	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	−0.1421%	1h	10.960	−0.064%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.965	−0.018%	$96K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.965	−0.018%	$5.1M	$7.8M	25x	as long as short
Nado AVAX-PERP	+0.0001%	1h	10.963	−0.032%	$285K	$319K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.965	−0.016%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.967	+0.004%	$4.2M	$11.3M	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.965	−0.018%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.968	+0.009%	$15K	$456K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.967	−0.002%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.963	−0.034%	$2.2M	$1.1M	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	10.969	+0.014%	$276K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.961	−0.051%	$115.8M	$428.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.955	−0.109%	$83.6M	$140.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.962	−0.046%	$20.1M	$113.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.964	−0.027%	$12.1M	$32.2M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	10.967	long leg	$45.7M	$78.1M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.972	+0.046%	$15.4M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.963	−0.036%	$33.0M	$47.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.963	−0.036%	—	$75.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.985	+0.164%	$369K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.991	+0.215%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.998	+0.283%	$351K	$900K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.004	+0.337%	$177K	$668K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.967	0.000%	$128K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.968	+0.009%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.995	+0.253%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.965	−0.018%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.964	−0.023%	$365K	$792K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.966	−0.009%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.959	−0.069%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.965	−0.018%	$252K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.993	+0.237%	$5.0M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.971	+0.036%	$892K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.962	−0.048%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0404%	1h	10.982	+0.137%	$42.6M	$41.7M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.967	+0.002%	$233K	—	120x	as long as short