Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: Bybit against MEXC−0.009%7-day average −0.030% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.009%, 7d avg −0.030%

Together, before fees−0.054%−$5 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: Bybit is 0.021% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	10.589	0.0100	pay 0.0100% / 8h	2h 48m	$41.0M	$78.8M	200x
Short	Bybit AVAXUSDT	10.588	0.0100	get 0.0100% / 8h	2h 48m	$78.6M	$143.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → −0.030%: $2.06
Slippage, 4 orders: −$12.61
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.55
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bybit: live order book, 5 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	0.94 bp	0.9 bp −$1	3.9 bp −$39	38.4 bp −$3,836	106.8 bp −$53.4K
Sell Bybit live order book, 5 min ago	0.47 bp	12.3 bp −$12	23.4 bp −$234	45.1 bp −$4,506	133.0 bp −$66.5K

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	+1.615%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0281%	1h	10.604	+0.140%	$4.2M	$11.3M	50x	as long as short
ApeX Omni AVAXUSDT	−0.0063%	1h	10.619	+0.283%	$171K	$666K	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0033%	1h	10.604	+0.142%	$4.8M	$7.6M	25x	as long as short
Polymarket Perps AVAX-USD	−0.0022%	1h	10.596	+0.066%	$130K	$345K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.599	+0.094%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.602	+0.125%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0017%	8h	10.585	−0.038%	$12.0M	$31.7M	75x	as long as short
Variational Omni AVAX	+0.0037%	8h	10.617	+0.261%	$2.8M	$2.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0053%	1h	10.594	+0.047%	$369K	$532K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0096%	8h	10.606	+0.161%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.589	+0.005%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.595	+0.057%	$10K	$447K	50x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.595	+0.061%	$289K	$326K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.598	+0.085%	$38.2M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.586	−0.027%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.604	+0.142%	$267K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.593	+0.038%	$111.0M	$425.1M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	10.588	−0.009%	$78.6M	$143.0M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.591	+0.019%	$18.6M	$110.3M	50x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	10.589	long leg	$41.0M	$78.8M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.594	+0.047%	$13.5M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.588	−0.009%	$31.4M	$48.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.594	+0.047%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.618	+0.275%	$335K	$950K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.610	+0.198%	$186K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.630	+0.386%	$12K	$738K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.598	+0.085%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.600	+0.105%	$350K	$787K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.601	+0.113%	$28.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.583	−0.056%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.601	+0.118%	$244K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.603	+0.132%	$856K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.599	+0.094%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.593	+0.034%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.603	+0.130%	$232K	—	120x	as long as short