Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.006%

Price spread now: Aevo against Phemex−0.009%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,008as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,008as in the Price arb table

costs, in and out, $10k−$1,01210.123% of the position

Long on Phemex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now −0.009%, 7d avg −0.051%

Together, before fees+0.030%+$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: Aevo is 0.042% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVAXUSDT	11.192	0.0100	pay 0.0100% / 8h	1h 47m	$30.1M	$5.0M	50x
Short	Aevo AVAX-PERP	11.191	0.0104	get 0.0013% / 1h	47m 14s	$257K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now −0.009%Rate

Funding earned: $0.84
Price spread: −0.009% → −0.051%: $4.16
Slippage, 4 orders: −$984.34
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$1,007.33
Costs to cover: 10.123%
Break-even: 8401.5 days

Slippage from Phemex: live order book, 2 min ago; Aevo: live order book, 37 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 Phemex live order book, 2 min ago	5.81 bp	18.2 bp −$18	27.7 bp −$277	doesn't fit	doesn't fit
Sell Aevo live order book, 37 min ago	238.27 bp	489.0 bp −$489	doesn't fit	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	−0.0570%	1h	11.140	−0.465%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0107%	1h	11.190	−0.018%	$5.3M	$9.3M	25x	as long as short
Variational Omni AVAX	−0.0043%	8h	11.261	+0.612%	$3.0M	$2.3M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.221	+0.263%	$98K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.196	+0.038%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0023%	1h	11.201	+0.085%	$295K	$912K	10x	as long as short
Gate AVAX_USDT	+0.0094%	8h	11.194	+0.018%	$12.5M	$39.7M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.219	+0.241%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.201	+0.080%	$14K	$696K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.217	+0.227%	$13K	$766	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.198	+0.057%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.218	+0.235%	$298K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.198	+0.049%	$120.0M	$528.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.195	+0.027%	$87.7M	$157.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.192	0.000%	$20.1M	$146.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.189	−0.027%	$52.2M	$99.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.204	+0.107%	$16.1M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.195	+0.027%	$33.9M	$60.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.194	+0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.203	+0.098%	$357K	$579K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.257	+0.581%	$356K	$885K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.217	+0.223%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.203	+0.098%	$133K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.208	+0.143%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.218	+0.231%	$12K	$726K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.191	−0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.184	−0.076%	$360K	$1.1M	75x	as long as short
Phemex AVAXUSDTlong	+0.0100%	8h	11.192	long leg	$30.1M	$5.0M	50x
Extended AVAX-USD	+0.0104%	1h	11.188	−0.033%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	11.191	−0.009%	$257K	—	3x
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.205	+0.116%	$903K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.188	−0.036%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.192	+0.002%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.196	+0.037%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0496%	1h	11.210	+0.161%	$43.3M	$57.9M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0632%	1h	11.198	+0.056%	$4.6M	$13.6M	50x	as long as short