Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.010%

Price spread now: Extended against MEXC−0.003%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$150.150% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 7 days−0.044%−$4 · spread now −0.003%, 7d avg −0.076%

Together, before fees−0.102%+ Points / potential airdropExtended: Active · farm board−$10 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: Extended is 0.074% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	11.140	0.0100	pay 0.0100% / 8h	4h 38m	$48.1M	$77.6M	200x
Short	Extended AVAX-USD	11.140	0.0104	get 0.0013% / 1h	38m 10s	$689K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0.84
Price spread: −0.003% → −0.076%: $7.37
Slippage, 4 orders: −$10.02
Fee MEXC: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$6.81
Costs to cover: 0.150%
Break-even: 63.8 days

Slippage from MEXC: live order book, 1 min ago; Extended: 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, 1 min ago	0.45 bp	0.5 bp $0	1.5 bp −$15	30.2 bp −$3,022	87.0 bp −$43.5K
Sell Extended live order book, 5 min ago	2.25 bp	7.1 bp −$7	8.8 bp −$88	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	−0.1423%	1h	11.120	−0.180%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0032%	1h	11.144	+0.040%	$287K	$373K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.143	+0.027%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.136	−0.037%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.144	+0.039%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.139	−0.008%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.147	+0.063%	$16K	$579K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.134	−0.055%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.147	+0.060%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.139	−0.009%	$290K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.138	−0.019%	$118.2M	$427.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.142	+0.018%	$88.5M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.141	+0.009%	$20.4M	$115.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.140	0.000%	$12.2M	$34.1M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	11.140	long leg	$48.1M	$77.6M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.148	+0.072%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.139	−0.009%	$33.4M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.141	+0.009%	—	$78.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.142	+0.018%	$337K	$521K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.161	+0.192%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.157	+0.150%	$352K	$845K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.154	+0.126%	$179K	$673K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.150	+0.090%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.151	+0.099%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.175	+0.310%	$12K	$705K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.143	+0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.140	+0.004%	$366K	$826K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.139	−0.009%	$29.7M	$5.8M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.140	−0.003%	$689K	$1.4M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.140	−0.003%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.148	+0.075%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.139	−0.009%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.156	+0.144%	$892K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.145	+0.042%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.144	+0.035%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0599%	1h	11.153	+0.117%	$43.2M	$42.3M	10x	as long as short