Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.003%

Price spread now: Lighter against Bitget+0.084%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.084%, 7d avg +0.005%

Together, before fees−0.187%+ Points / potential airdropLighter: Season 3 · farm board−$19 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: Lighter is 0.079% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	11.126	0.0100	pay 0.0100% / 8h	7h 35m	$33.7M	$55.3M	75x
Short	Lighter AVAX	11.135	0.0096	get 0.0012% / 1h	35m 49s	$1.2M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$0.84
Price spread: +0.084% → +0.005%: $7.93
Slippage, 4 orders: −$11.14
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$16.05
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Lighter: live order book, 6 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, 3 min ago	0.45 bp	8.2 bp −$8	13.2 bp −$132	26.9 bp −$2,693	doesn't fit
Sell Lighter live order book, 6 min ago	2.87 bp	3.3 bp −$3	15.5 bp −$155	93.5 bp −$9,352	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	−0.1363%	1h	11.100	−0.234%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0199%	1h	11.132	+0.054%	$5.3M	$8.6M	25x	as long as short
Nado AVAX-PERP	−0.0050%	1h	11.136	+0.090%	$292K	$837K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.137	+0.096%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.137	+0.097%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0077%	8h	11.130	+0.036%	$12.2M	$38.1M	75x	as long as short
Lighter AVAXshort	+0.0096%	1h	11.135	+0.084%	$1.2M	$3.1M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.136	+0.090%	$18K	$634K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.138	+0.111%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.138	+0.109%	$2.3M	$1.6M	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	11.143	+0.152%	$296K	$106K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.129	+0.027%	$118.4M	$489.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.130	+0.036%	$88.6M	$149.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.127	+0.009%	$19.9M	$135.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.129	+0.027%	$49.1M	$88.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.136	+0.090%	$15.4M	$23.3M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	11.126	long leg	$33.7M	$55.3M	75x
BingX AVAX-USDC	+0.0100%	8h	11.128	+0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.135	+0.081%	$356K	$558K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.134	+0.070%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.133	+0.061%	$359K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.135	+0.081%	$179K	$689K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.138	+0.108%	$131K	$376K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.143	+0.153%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.169	+0.388%	$12K	$726K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.136	+0.090%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.136	+0.085%	$361K	$955K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.139	+0.117%	$30.0M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.118	−0.075%	$667K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.133	+0.067%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.140	+0.125%	$4.3M	$12.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.131	+0.045%	$5.0M	$6.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.133	+0.066%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.134	+0.072%	$904K	$7.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.136	+0.086%	$249K	—	120x	as long as short
Hyperliquid AVAX	+0.0665%	1h	11.152	+0.234%	$43.5M	$51.0M	10x	as long as short