Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Phemex against Bitget−0.009%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$510.505% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now −0.009%, 7d avg +0.052%

Together, before fees−0.093%−$9 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: Phemex is 0.061% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	10.712	0.0100	pay 0.0100% / 8h	1h 55m	$32.5M	$49.2M	75x
Short	Phemex AVAXUSDT	10.711	0.0100	get 0.0100% / 8h	1h 55m	$28.6M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.052%: −$6.1
Slippage, 4 orders: −$26.54
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$56.65
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Phemex: live order book, 4 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, 4 min ago	0.47 bp	8.0 bp −$8	11.4 bp −$114	20.3 bp −$2,033	doesn't fit
Sell Phemex live order book, 4 min ago	6.07 bp	16.9 bp −$17	28.4 bp −$284	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
Nado AVAX-PERP	−0.0227%	1h	10.711	−0.009%	$287K	$340K	10x	as long as short
Variational Omni AVAX	−0.0033%	8h	10.709	−0.031%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.713	+0.009%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.712	0.000%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.714	+0.017%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.448%	$17K	$152K	12x	as long as short
Gate AVAX_USDT	+0.0035%	8h	10.711	−0.009%	$12.7M	$31.9M	75x	as long as short
SoDEX AVAX-USD	+0.0066%	1h	10.709	−0.028%	$18K	$72K	10x	as long as short
Bybit AVAXUSDT	+0.0091%	8h	10.710	−0.019%	$81.9M	$148.0M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.711	−0.013%	$1.2M	$2.5M	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	10.711	−0.009%	$23K	$437K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.714	+0.022%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.724	+0.112%	$37.6M	$44.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.715	+0.025%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.717	+0.047%	$269K	$132K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.715	+0.025%	$113.9M	$432.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.708	−0.037%	$18.7M	$113.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.713	+0.009%	$45.2M	$80.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.713	+0.009%	$13.6M	$23.0M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	10.712	long leg	$32.5M	$49.2M	75x
BingX AVAX-USDC	+0.0100%	8h	10.712	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.716	+0.037%	$428K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.716	+0.041%	$336K	$1.0M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.720	+0.075%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.714	+0.019%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.718	+0.056%	$230K	$351K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.744	+0.301%	$12K	$767K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.709	−0.033%	$343K	$879K	75x	as long as short
Phemex AVAXUSDTshort	+0.0100%	8h	10.711	−0.009%	$28.6M	$5.8M	50x
Extended AVAX-USD	+0.0104%	1h	10.706	−0.058%	$612K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.706	−0.056%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.715	+0.024%	$4.2M	$11.4M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.724	+0.112%	$933K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.710	−0.019%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.708	−0.039%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.712	−0.001%	$226K	—	120x	as long as short