Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.014%

Price spread now: Binance against Aevo+0.041%58s7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$856as 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−$8508.497% of the position

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 3 days (all we have)+0.045%+$5 · spread now +0.041%, 7d avg +0.019%

Together, before fees−0.016%−$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: Binance is 0.022% dearer against Aevo than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.019%. The two prices were read 58 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	Aevo AVAX-PERP	11.101	0.0104	pay 0.0013% / 1h	47m 28s	$255K	—	3x
Short	Binance AVAXUSDT	11.106	0.0100	get 0.0100% / 8h	6h 47m	$118.3M	$471.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now +0.041%Rate

Funding earned: −$0.84
Price spread: +0.041% → +0.019%: $2.18
Slippage, 4 orders: −$823.65
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$848.31
Costs to cover: 8.497%
Break-even: never at this rate

Slippage from Aevo: live order book, 21 min ago; Binance: live order book, 11 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 Aevo live order book, 21 min ago	193.84 bp	408.0 bp −$408	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.45 bp	7.1 bp −$7	15.8 bp −$158	58.9 bp −$5,892	156.7 bp −$78.3K

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	11.090	−0.103%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0200%	1h	11.106	+0.041%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0018%	1h	11.105	+0.036%	$288K	$525K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.101	−0.007%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.106	+0.043%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0078%	8h	11.106	+0.041%	$12.1M	$36.4M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.095	−0.056%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.109	+0.068%	$18K	$601K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.110	+0.080%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.104	+0.027%	$2.3M	$1.4M	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	11.103	+0.016%	$295K	$107K	10x	as long as short
Binance AVAXUSDTshort	+0.0100%	8h	11.106	+0.041%	$118.3M	$471.4M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.108	+0.059%	$88.4M	$146.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.099	−0.022%	$19.8M	$127.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.107	+0.050%	$48.6M	$82.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.111	+0.086%	$15.5M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.106	+0.041%	$33.4M	$52.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.107	+0.050%	—	$83.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.108	+0.059%	$355K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.107	+0.048%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.127	+0.230%	$353K	$807K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.129	+0.248%	$179K	$682K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.110	+0.077%	$130K	$369K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.111	+0.086%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.142	+0.363%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.104	+0.023%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.107	+0.045%	$361K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.107	+0.050%	$29.7M	$5.4M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.106	+0.038%	$668K	$2.0M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	11.101	long leg	$255K	—	3x
BloFin AVAX-USDT	+0.0220%	8h	11.117	+0.140%	$5.0M	$6.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.105	+0.030%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.107	+0.052%	$4.3M	$12.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.112	+0.095%	$910K	$6.2M	50x	as long as short
Hyperliquid AVAX	+0.0421%	1h	11.122	+0.185%	$43.3M	$48.0M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.106	+0.041%	$236K	—	120x	as long as short