Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.040%

Price spread now: Coinbase International against MEXC+0.118%7-day average +0.057% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 4 days (all we have)−0.251%−$25 · spread now +0.118%, 7d avg +0.057%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.061% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	10.997	0.0100	pay 0.0100% / 8h	3h 46m	$46.0M	$78.0M	200x
Short	Coinbase International AVAX-PERP-INTX	11.010	0.0232	get 0.0029% / 1h	46m 16s	$894K	$5.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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 MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now +0.118%Rate

Funding earned: $27.72
Price spread: +0.118% → +0.057%: $6.08
Slippage, 4 orders: −$18.18
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $5.62
Costs to cover: 0.282%
Break-even: 5.6 days

Slippage from MEXC: live order book, 3 min ago; Coinbase International: live order book, 3 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 MEXC live order book, 3 min ago	0.91 bp	1.2 bp −$1	4.1 bp −$41	29.1 bp −$2,908	94.6 bp −$47.3K
Sell Coinbase International live order book, 3 min ago	2.72 bp	11.1 bp −$11	16.5 bp −$165	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	−0.1421%	1h	10.960	−0.336%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.999	+0.018%	$5.1M	$7.8M	25x	as long as short
Nado AVAX-PERP	−0.0007%	1h	10.996	−0.005%	$285K	$319K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.999	+0.020%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.000	+0.028%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.999	+0.018%	$4.3M	$11.3M	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.999	+0.016%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.997	0.000%	$15K	$456K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.996	−0.008%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.998	+0.010%	$2.2M	$1.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.001	+0.033%	$277K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.997	+0.001%	$116.2M	$427.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.991	−0.055%	$84.0M	$140.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.996	−0.009%	$20.2M	$113.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.998	+0.009%	$12.1M	$32.2M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	10.997	long leg	$46.0M	$78.0M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.001	+0.036%	$15.5M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.999	+0.018%	$33.1M	$47.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.998	+0.009%	—	$75.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.996	−0.009%	$370K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.001	+0.033%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.998	+0.009%	$351K	$900K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.001	+0.036%	$177K	$668K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.002	+0.045%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.004	+0.064%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.028	+0.280%	$12K	$720K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.998	+0.009%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.999	+0.023%	$366K	$791K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.999	+0.018%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.996	−0.010%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.995	−0.020%	$253K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.994	−0.027%	$5.0M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0232%	1h	11.010	+0.118%	$894K	$5.2M	50x
Reya AVAXRUSDPERP	+0.0244%	1h	10.997	+0.002%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0409%	1h	11.016	+0.173%	$42.7M	$41.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.001	+0.036%	$233K	—	120x	as long as short