Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.028%

Price spread now: Extended against MEXC−0.001%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$120.118% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.001%, 7d avg −0.066%

Together, before fees−0.152%+ Points / potential airdropExtended: Active · farm board−$15 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: Extended is 0.065% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	11.183	0.0100	pay 0.0100% / 8h	7h 04m	$50.8M	$89.2M	200x
Short	Extended AVAX-USD	11.183	0.0104	get 0.0013% / 1h	4m 29s	$671K	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.001%Rate

Funding earned: $0.84
Price spread: −0.001% → −0.066%: $6.52
Slippage, 4 orders: −$6.75
Fee MEXC: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$4.4
Costs to cover: 0.118%
Break-even: 43.6 days

Slippage from MEXC: live order book, 5 min ago; Extended: live order book, 4 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, 5 min ago	0.45 bp	0.4 bp $0	1.4 bp −$14	26.7 bp −$2,666	98.1 bp −$49.0K
Sell Extended live order book, 4 min ago	0.89 bp	4.2 bp −$4	6.2 bp −$62	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	−0.1363%	1h	11.150	−0.295%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0071%	1h	11.186	+0.027%	$293K	$680K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0018%	1h	11.190	+0.063%	$5.3M	$8.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.197	+0.129%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.191	+0.072%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.192	+0.083%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.187	+0.036%	$15K	$605K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.196	+0.120%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.187	+0.038%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.194	+0.102%	$297K	$107K	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	11.190	+0.063%	$119.6M	$474.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.192	+0.080%	$89.0M	$146.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.188	+0.045%	$20.0M	$130.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.186	+0.027%	$12.2M	$38.6M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	11.183	long leg	$50.8M	$89.2M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.190	+0.063%	$15.3M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.185	+0.018%	$34.0M	$53.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.191	+0.072%	—	$84.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.190	+0.063%	$358K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.188	+0.049%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.209	+0.232%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.211	+0.250%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.189	+0.054%	$131K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.194	+0.098%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.220	+0.331%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.193	+0.089%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.192	+0.079%	$364K	$942K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.192	+0.080%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.183	−0.001%	$671K	$2.0M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.188	+0.043%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.193	+0.086%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.191	+0.072%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.182	−0.012%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.199	+0.143%	$910K	$6.4M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0297%	1h	11.191	+0.071%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0663%	1h	11.203	+0.179%	$43.8M	$48.9M	10x	as long as short