Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.012%

Price spread now: Aevo against BloFin−0.084%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$779as in the Funding arb table

Net, price: spread back to 7d avg − costs−$768as in the Price arb table

costs, in and out, $10k−$7637.628% of the position

Long on BloFin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.084%, 7d avg −0.030%

Together, before fees−0.085%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aevo is 0.054% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AVAX-USDT	10.991	0.0220	pay 0.0220% / 8h	4h 14m	$5.0M	$5.4M	100x
Short	Aevo AVAX-PERP	10.982	0.0104	get 0.0013% / 1h	14m 42s	$252K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now −0.084%Rate

Funding earned: −$24.36
Price spread: −0.084% → −0.030%: −$5.4
Slippage, 4 orders: −$734.77
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$792.53
Costs to cover: 7.628%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Aevo: live order book, 44 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 BloFin live order book, 4 min ago	0.45 bp	6.5 bp −$6	12.8 bp −$128	29.2 bp −$2,924	doesn't fit
Sell Aevo live order book, 44 min ago	181.25 bp	386.3 bp −$386	doesn't fit	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	−0.1423%	1h	10.990	−0.009%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.986	−0.045%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0013%	1h	10.984	−0.061%	$286K	$371K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.982	−0.084%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.986	−0.045%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	10.981	−0.095%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.996	+0.045%	$15K	$550K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.979	−0.105%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.984	−0.064%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.985	−0.059%	$286K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	10.980	−0.100%	$115.6M	$430.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.975	−0.146%	$85.0M	$139.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.980	−0.100%	$20.2M	$114.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.981	−0.091%	$12.1M	$34.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.980	−0.100%	$46.2M	$78.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.986	−0.045%	$15.4M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.976	−0.136%	$32.9M	$48.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.979	−0.109%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.985	−0.055%	$330K	$525K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.963	−0.259%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.041	+0.453%	$352K	$874K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.040	+0.446%	$178K	$671K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.996	+0.045%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.991	0.000%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.015	+0.219%	$12K	$713K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.987	−0.036%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.993	+0.023%	$366K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.991	0.000%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.974	−0.155%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	10.982	−0.084%	$252K	—	3x
Kraken Futures PF_AVAXUSD	+0.0214%	1h	10.990	−0.013%	$4.2M	$11.3M	50x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	10.991	long leg	$5.0M	$5.4M	100x
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.977	−0.127%	$889K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.982	−0.084%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.985	−0.051%	$233K	—	120x	as long as short
Hyperliquid AVAX	+0.0513%	1h	10.996	+0.045%	$42.7M	$42.1M	10x	as long as short