Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.079%

Price spread now: Variational Omni against Aevo+0.170%7-day average −0.029% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.147%−$15 on $10k

Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.170%, 7d avg −0.029%

Together, before fees−0.225%+ Points / potential airdropVariational Omni: Active · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.199% dearer against Aevo than usual: you sell high and buy low (spread +0.170% now, against its 7-day average of −0.029%): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	11.241	0.0104	pay 0.0013% / 1h	12m 59s	$258K	—	3x
Short	Variational Omni AVAX	11.260	0.0009	get 0.0009% / 8h	1h 12m	$3.0M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aevo. 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 AevobpFee Variational OmnibpOrdersPrice spread, now +0.170%Rate

Funding earned: −$19.94
Price spread: +0.170% → −0.029%: $19.9
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$16.04
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Aevo: live order book, 6 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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, 6 min ago	190.56 bp	399.9 bp −$400	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.20 bp	doesn't fit	9.3 bp −$93	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	−0.0570%	1h	11.210	−0.276%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.243	+0.018%	$5.3M	$9.1M	25x	as long as short
Nado AVAX-PERP	−0.0040%	1h	11.255	+0.129%	$297K	$893K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.256	+0.132%	$104K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.243	+0.015%	$13K	—	150x	as long as short
Variational Omni AVAXshort	+0.0009%	8h	11.260	+0.170%	$3.0M	$2.4M	—
Lighter AVAX	+0.0096%	1h	11.248	+0.061%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.252	+0.098%	$18K	$684K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.256	+0.131%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.249	+0.074%	$2.3M	$1.8M	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	11.260	+0.169%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.244	+0.027%	$120.4M	$524.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.244	+0.027%	$89.1M	$157.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.244	+0.027%	$20.2M	$146.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.247	+0.054%	$12.4M	$40.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.244	+0.027%	$52.0M	$100.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.251	+0.089%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.244	+0.027%	$34.1M	$60.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.246	+0.045%	—	$88.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.246	+0.045%	$360K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.260	+0.169%	$360K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.263	+0.196%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.254	+0.116%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.252	+0.098%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.283	+0.371%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.246	+0.045%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.252	+0.102%	$364K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.245	+0.036%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.242	+0.011%	$672K	$2.2M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	11.241	long leg	$258K	—	3x
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.268	+0.240%	$912K	$8.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.245	+0.036%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.249	+0.071%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0409% / S −0.0256%	1h	11.243	+0.021%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0606%	1h	11.261	+0.178%	$43.5M	$56.8M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0629%	1h	11.252	+0.095%	$4.6M	$13.5M	50x	as long as short