Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: ApeX Omni against Bitget+0.287%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$1021.020% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)+0.346%+$35 · spread now +0.287%, 7d avg +0.074%

Together, before fees+0.398%+$40 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: ApeX Omni is 0.213% dearer against Bitget than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	11.146	0.0100	pay 0.0100% / 8h	5h 08m	$33.5M	$48.4M	75x
Short	ApeX Omni AVAXUSDT	11.178	0.0100	get 0.0013% / 1h	8m 51s	$180K	$675K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.287%Rate

Funding earned: $0
Price spread: +0.287% → +0.074%: $21.26
Slippage, 4 orders: −$80.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$80.75
Costs to cover: 1.020%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; ApeX Omni: live order book, 55 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 Bitget live order book, 5 min ago	0.45 bp	8.2 bp −$8	14.2 bp −$142	37.0 bp −$3,696	doesn't fit
Sell ApeX Omni live order book, 55 min ago	14.79 bp	52.9 bp −$53	104.0 bp −$1,040	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	−0.1374%	1h	11.120	−0.233%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.144	−0.018%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0069%	1h	11.149	+0.031%	$287K	$397K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.149	+0.025%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.150	+0.038%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.149	+0.024%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.154	+0.072%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.150	+0.036%	$16K	$565K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.148	+0.016%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.151	+0.042%	$2.3M	$1.2M	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	11.155	+0.078%	$291K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.151	+0.043%	$119.2M	$430.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.149	+0.027%	$88.5M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.152	+0.054%	$20.4M	$116.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.149	+0.027%	$12.2M	$35.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.149	+0.027%	$49.0M	$79.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.151	+0.045%	$15.8M	$21.8M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	11.146	long leg	$33.5M	$48.4M	75x
BingX AVAX-USDT	+0.0100%	8h	11.148	+0.018%	—	$81.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.149	+0.027%	$330K	$523K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.144	−0.015%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.152	+0.057%	$354K	$822K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.178	+0.287%	$180K	$675K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.150	+0.036%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.154	+0.072%	$196K	$312K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.177	+0.280%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.147	+0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.139	−0.059%	$365K	$866K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.149	+0.027%	$29.8M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.145	−0.009%	$684K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.138	−0.072%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.139	−0.063%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.159	+0.117%	$895K	$5.4M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.145	−0.010%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.150	+0.037%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0592%	1h	11.168	+0.197%	$43.6M	$42.4M	10x	as long as short