Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.017%

Price spread now: OKX against Aevo−0.004%50s7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$904as 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−$8958.947% of the position

Long on Aevo Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.004%, 7d avg −0.009%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	10.708	0.0104	pay 0.0013% / 1h	11m 39s	$246K	—	3x
Short	OKX AVAX-USDT-SWAP	10.708	0.0100	get 0.0100% / 8h	11m 39s	$18.8M	$107.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$0.84
Price spread: −0.004% → −0.009%: $0.53
Slippage, 4 orders: −$868.72
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$895.03
Costs to cover: 8.947%
Break-even: never at this rate

Slippage from Aevo: live order book, 27 min ago; OKX: 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, 27 min ago	217.59 bp	434.2 bp −$434	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.47 bp	7.8 bp −$8	16.3 bp −$163	42.0 bp −$4,203	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
Nado AVAX-PERP	−0.0190%	1h	10.719	+0.099%	$290K	$328K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.708	−0.005%	$3.8M	$11.6M	50x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.711	+0.023%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.712	+0.030%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.709	+0.006%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.715	+0.059%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0010%	8h	10.710	+0.015%	$13.2M	$30.8M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.482%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.705	−0.033%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.707	−0.013%	$1.2M	$2.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.709	+0.006%	$25K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.716	+0.071%	$36.7M	$41.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.709	+0.005%	$2.2M	$896K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.711	+0.024%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.709	+0.006%	$113.4M	$405.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.707	−0.013%	$81.8M	$139.3M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	10.708	−0.004%	$18.8M	$107.7M	50x
MEXC AVAX_USDT	+0.0100%	8h	10.708	−0.004%	$52.7M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.707	−0.013%	$13.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.709	+0.006%	$32.6M	$46.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.710	+0.015%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.710	+0.015%	$437K	$546K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.715	+0.062%	$337K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.720	+0.109%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.714	+0.053%	$135K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.721	+0.118%	$232K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.743	+0.325%	$12K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.706	−0.022%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.706	−0.027%	$326K	$859K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.709	+0.006%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.707	−0.009%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	10.708	long leg	$246K	—	3x
BloFin AVAX-USDT	+0.0220%	8h	10.712	+0.034%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.717	+0.081%	$852K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.711	+0.025%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.715	+0.062%	$226K	—	120x	as long as short