Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.007%

Price spread now: Aster against Aevo+0.116%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,117as in the Price arb table

costs, in and out, $10k−$1,12811.276% of the position

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 3 days (all we have)+0.329%+$33 · spread now +0.116%, 7d avg +0.010%

Together, before fees+0.292%+ Points / potential airdropAster: Stage 5 · farm board+$29 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: Aster is 0.107% dearer against Aevo than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	11.104	0.0096	pay 0.0012% / 1h	56m 42s	$255K	—	3x
Short	Aster AVAXUSDT	11.117	0.0100	get 0.0100% / 8h	2h 56m	$2.3M	$2.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now +0.116%Rate

Funding earned: $0.84
Price spread: +0.116% → +0.010%: $10.66
Slippage, 4 orders: −$1,103.57
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1,116.07
Costs to cover: 11.276%
Break-even: 9307.6 days

Slippage from Aevo: live order book, 32 min ago; Aster: live order book, 2 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 Aevo live order book, 32 min ago	256.32 bp	563.2 bp −$563	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	2.25 bp	8.0 bp −$8	16.0 bp −$160	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
Variational Omni AVAX	−0.0203%	8h	11.128	+0.213%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0200%	1h	11.107	+0.027%	$5.2M	$9.4M	25x	as long as short
SoDEX AVAX-USD	−0.0087%	1h	11.106	+0.018%	$18K	$72K	10x	as long as short
Nado AVAX-PERP	−0.0044%	1h	11.110	+0.054%	$298K	$965K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.036%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0040%	1h	11.113	+0.084%	$662K	$2.2M	25x	as long as short
Backpack AVAX_USDC_PERP	−0.0011%	1h	11.115	+0.099%	$316K	$552K	15x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.130	+0.234%	$98K	$132K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.111	+0.063%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0010%	8h	11.123	+0.171%	$85.4M	$148.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AVAX-USDT-SWAP	+0.0023%	8h	11.116	+0.108%	$19.9M	$146.7M	50x	as long as short
Gate AVAX_USDT	+0.0042%	8h	11.121	+0.153%	$12.3M	$39.2M	75x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.111	+0.063%	$897K	$8.0M	50x	as long as short
Phemex AVAXUSDT	+0.0056%	8h	11.110	+0.054%	$29.8M	$4.8M	50x	as long as short
Binance AVAXUSDT	+0.0060%	8h	11.124	+0.177%	$119.3M	$541.4M	75x	as long as short
MEXC AVAX_USDT	+0.0060%	8h	11.122	+0.162%	$52.4M	$107.7M	200x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	11.121	+0.150%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.123	+0.174%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.115	+0.099%	$17K	$698K	50x	as long as short
Aevo AVAX-PERPlong	+0.0096%	1h	11.104	long leg	$255K	—	3x
Aster AVAXUSDTshort	+0.0100%	8h	11.117	+0.116%	$2.3M	$2.0M	75x
Pacifica AVAX	+0.0100%	1h	11.127	+0.211%	$296K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.126	+0.198%	$16.2M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.114	+0.090%	$34.2M	$61.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.116	+0.108%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.122	+0.160%	$352K	$892K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.128	+0.216%	$179K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.116	+0.108%	$116K	$476K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.116	+0.108%	$200K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.136	+0.292%	$12K	$709K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.101	−0.032%	$355K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0181%	8h	11.111	+0.063%	$5.0M	$8.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.110	+0.052%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0258%	1h	11.119	+0.131%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0369%	1h	11.140	+0.324%	$41.9M	$58.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0407% / S −0.0244%	1h	11.111	+0.063%	$240K	—	120x	as long as short