Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.032%

Price spread now: Aevo against Bybit−0.023%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$754as in the Funding arb table

Net, price: spread back to 7d avg − costs−$769as in the Price arb table

costs, in and out, $10k−$7657.648% of the position

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)−0.193%−$19 · spread now −0.023%, 7d avg +0.017%

Together, before fees−0.086%−$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: Aevo is 0.040% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVAXUSDT	11.023	0.0100	pay 0.0100% / 8h	4h 20m	$87.5M	$137.5M	75x
Short	Aevo AVAX-PERP	11.021	0.0104	get 0.0013% / 1h	20m 24s	$253K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.023%Rate

Funding earned: $0.84
Price spread: −0.023% → +0.017%: −$3.96
Slippage, 4 orders: −$737.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$767.93
Costs to cover: 7.648%
Break-even: 6406.4 days

Slippage from Bybit: live order book, 4 min ago; Aevo: live order book, 39 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 Bybit live order book, 4 min ago	0.45 bp	8.0 bp −$8	14.4 bp −$144	38.9 bp −$3,890	doesn't fit
Sell Aevo live order book, 39 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	−0.299%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0113%	1h	11.014	−0.082%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0021%	1h	11.020	−0.027%	$286K	$370K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.027	+0.034%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.026	+0.027%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.023	+0.002%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.021	−0.018%	$15K	$550K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.026	+0.030%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.029	+0.055%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.029	+0.056%	$288K	$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	11.026	+0.027%	$117.0M	$428.1M	75x	as long as short
Bybit AVAXUSDTlong	+0.0100%	8h	11.023	long leg	$87.5M	$137.5M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.026	+0.027%	$20.2M	$114.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.024	+0.009%	$12.1M	$34.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.025	+0.018%	$46.8M	$78.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.028	+0.045%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.024	+0.009%	$33.1M	$47.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.024	+0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.017	−0.054%	$331K	$522K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.013	−0.087%	$2.8M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.049	+0.236%	$350K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.073	+0.454%	$178K	$671K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.025	+0.018%	$129K	$335K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.031	+0.073%	$194K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.049	+0.238%	$12K	$708K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.017	−0.054%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.012	−0.103%	$361K	$813K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.020	−0.027%	$29.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.022	−0.008%	$682K	$1.4M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	11.021	−0.023%	$253K	—	3x
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.017	−0.051%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.018	−0.045%	$5.0M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.034	+0.100%	$884K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.021	−0.017%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.026	+0.024%	$234K	—	120x	as long as short
Hyperliquid AVAX	+0.0548%	1h	11.039	+0.145%	$42.8M	$42.0M	10x	as long as short