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% APRpaid last 24h −0.092%

Price spread now: Bitget against Hyperliquid−0.112%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$330.335% of the position

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 7 days+0.105%+$10 · spread now −0.112%, 7d avg −0.054%

Together, before fees+0.032%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 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: Bitget is 0.058% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AVAX	10.713	0.0100	pay 0.0013% / 1h	43m 05s	$36.8M	$43.4M	10x
Short	Bitget AVAXUSDT	10.701	0.0100	get 0.0100% / 8h	43m 05s	$32.4M	$47.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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 HyperliquidbpFee BitgetbpOrdersPrice spread, now −0.112%Rate

Funding earned: $0
Price spread: −0.112% → −0.054%: −$5.8
Slippage, 4 orders: −$12.45
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$39.25
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; Bitget: live order book, 1 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 Hyperliquid live order book, 10 min ago	1.87 bp	8.7 bp −$9	13.1 bp −$131	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.47 bp	8.2 bp −$8	16.2 bp −$162	30.1 bp −$3,015	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	−0.0184%	1h	10.702	−0.103%	$3.8M	$11.7M	50x	as long as short
Nado AVAX-PERP	−0.0106%	1h	10.706	−0.061%	$281K	$332K	10x	as long as short
Variational Omni AVAX	−0.0075%	8h	10.705	−0.071%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.707	−0.057%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.706	−0.065%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.707	−0.053%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0006%	8h	10.701	−0.112%	$13.0M	$30.6M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.439%	$17K	$151K	12x	as long as short
Bybit AVAXUSDT	+0.0084%	8h	10.699	−0.131%	$81.6M	$141.5M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.709	−0.038%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.702	−0.105%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.707	−0.056%	$25K	$472K	50x	as long as short
Hyperliquid AVAXlong	+0.0100%	1h	10.713	long leg	$36.8M	$43.4M	10x
Aster AVAXUSDT	+0.0100%	8h	10.702	−0.102%	$2.2M	$969K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.711	−0.019%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.702	−0.104%	$113.2M	$413.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.699	−0.131%	$18.8M	$109.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.704	−0.084%	$46.1M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.706	−0.065%	$13.7M	$22.3M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	10.701	−0.112%	$32.4M	$47.6M	75x
BingX AVAX-USDC	+0.0100%	8h	10.700	−0.121%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.707	−0.056%	$436K	$554K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.702	−0.102%	$343K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.705	−0.075%	$173K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.707	−0.056%	$134K	$333K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.713	0.000%	$232K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.738	+0.233%	$12K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.702	−0.103%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.700	−0.117%	$326K	$873K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.703	−0.093%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.700	−0.125%	$608K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.672	−0.386%	$245K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.702	−0.103%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.720	+0.065%	$854K	$4.8M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.703	−0.096%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.708	−0.044%	$226K	—	120x	as long as short