Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.034%

Price spread now: ApeX Omni against Bybit+0.469%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

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

costs, in and out, $10k−$460.458% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)+0.786%+$79 · spread now +0.469%, 7d avg +0.080%

Together, before fees+0.895%+$90 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and ApeX Omni is 0.389% dearer against Bybit than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVAXUSDT	10.661	0.0089	pay 0.0089% / 8h	37m 11s	$81.3M	$141.0M	75x
Short	ApeX Omni AVAXUSDT	10.711	0.0100	get 0.0013% / 1h	37m 11s	$173K	$660K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.469%Rate

Funding earned: $2.3
Price spread: +0.469% → +0.080%: $38.86
Slippage, 4 orders: −$24.84
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$4.67
Costs to cover: 0.458%
Break-even: 21.2 days

Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 66 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, 2 min ago	0.47 bp	9.6 bp −$10	16.0 bp −$160	41.2 bp −$4,121	doesn't fit
Sell ApeX Omni live order book, 66 min ago	6.54 bp	14.5 bp −$15	69.7 bp −$697	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
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.659	−0.019%	$3.8M	$11.7M	50x	as long as short
Nado AVAX-PERP	−0.0137%	1h	10.654	−0.066%	$288K	$336K	10x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.700	+0.370%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.661	0.000%	$4.8M	$6.9M	25x	as long as short
Gate AVAX_USDT	−0.0001%	8h	10.659	−0.019%	$13.0M	$30.7M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.665	+0.042%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.662	+0.011%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.929%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	10.663	+0.018%	$12K	$212	20x	as long as short
Bybit AVAXUSDTlong	+0.0089%	8h	10.661	long leg	$81.3M	$141.0M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.657	−0.038%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.657	−0.038%	$25K	$469K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.669	+0.074%	$36.6M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.669	+0.073%	$2.2M	$904K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.670	+0.082%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.665	+0.038%	$112.9M	$412.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.662	+0.009%	$18.7M	$108.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.655	−0.056%	$45.5M	$79.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.658	−0.028%	$13.6M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.660	−0.009%	$32.3M	$47.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.661	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.665	+0.038%	$435K	$554K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.674	+0.118%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	10.711	+0.469%	$173K	$660K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.662	+0.009%	$134K	$329K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.668	+0.066%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.695	+0.321%	$12K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.660	−0.009%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.659	−0.023%	$324K	$867K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.659	−0.019%	$28.4M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.656	−0.045%	$607K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.627	−0.323%	$244K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.663	+0.019%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.671	+0.094%	$849K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.656	−0.043%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.662	+0.013%	$225K	—	120x	as long as short