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 −0.032%

Price spread now: Bybit against Aevo+0.060%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$781as in the Funding arb table

Net, price: spread back to 7d avg − costs−$762as in the Price arb table

costs, in and out, $10k−$7707.703% of the position

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.060%, 7d avg −0.021%

Together, before fees−0.119%−$12 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 0.081% dearer against Aevo than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	11.155	0.0104	pay 0.0013% / 1h	2m 05s	$256K	—	3x
Short	Bybit AVAXUSDT	11.162	0.0100	get 0.0100% / 8h	6h 02m	$88.6M	$140.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$0.84
Price spread: +0.060% → −0.021%: $8.11
Slippage, 4 orders: −$743.27
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$763
Costs to cover: 7.703%
Break-even: never at this rate

Slippage from Aevo: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	178.64 bp	368.2 bp −$368	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.45 bp	6.7 bp −$7	7.6 bp −$76	34.9 bp −$3,490	doesn't fit

AVAX on 35 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	11.060	−0.854%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0036%	1h	11.163	+0.074%	$287K	$470K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.159	+0.033%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.158	+0.028%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.165	+0.087%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0094%	8h	11.161	+0.051%	$12.2M	$36.8M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.160	+0.045%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.160	+0.042%	$15K	$577K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.157	+0.017%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.165	+0.087%	$2.3M	$1.3M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.161	+0.051%	$296K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.162	+0.058%	$119.0M	$444.5M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.162	+0.060%	$88.6M	$140.6M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.163	+0.069%	$20.1M	$121.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.161	+0.051%	$48.8M	$82.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.165	+0.087%	$15.6M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.162	+0.060%	$33.5M	$49.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.161	+0.051%	—	$82.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.164	+0.078%	$357K	$501K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.108	−0.428%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.117	−0.339%	$351K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.106	−0.442%	$178K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.165	+0.087%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.167	+0.105%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.192	+0.330%	$12K	$706K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.162	+0.060%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.172	+0.151%	$363K	$855K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.157	+0.015%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.159	+0.031%	$675K	$1.6M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	11.155	long leg	$256K	—	3x
Reya AVAXRUSDPERP	+0.0244%	1h	11.164	+0.080%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.165	+0.090%	$4.3M	$11.7M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.168	+0.114%	$906K	$5.7M	50x	as long as short
Hyperliquid AVAX	+0.0386%	1h	11.175	+0.177%	$43.4M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.164	+0.079%	$237K	—	120x	as long as short