Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h −0.070%

Price spread now: Variational Omni against ApeX Omni−0.230%7-day average −0.082% · you buy dearer than you sell

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.142%−$14 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.230%, 7d avg −0.082%

Together, before fees+0.015%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.147% cheaper against ApeX Omni than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	10.559	0.0100	pay 0.0013% / 1h	23m 05s	$170K	$662K	50x
Short	Variational Omni AVAX	10.535	−0.0017	pay 0.0017% / 8h	2h 23m	$2.7M	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX Omni. 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 ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now −0.230%Rate

Funding earned: −$24.52
Price spread: −0.230% → −0.082%: −$14.73
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$49.25
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 25 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 ApeX Omni live order book, 25 min ago	5.66 bp	16.9 bp −$17	74.8 bp −$748	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.23 bp	doesn't fit	10.4 bp −$104	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	−0.1423%	1h	10.760	+1.904%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0283%	1h	10.530	−0.275%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0052%	1h	10.532	−0.251%	$286K	$339K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0035%	1h	10.527	−0.303%	$4.7M	$7.5M	25x	as long as short
Variational Omni AVAXshort	−0.0017%	8h	10.535	−0.230%	$2.7M	$2.2M	—
dYdX AVAX-USD	0.0000%	1h	10.534	−0.233%	$87K	$117K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.528	−0.292%	$12K	—	150x	as long as short
Backpack AVAX_USDC_PERP	+0.0013%	1h	10.523	−0.341%	$366K	$563K	15x	as long as short
Gate AVAX_USDT	+0.0022%	8h	10.523	−0.341%	$12.2M	$32.7M	75x	as long as short
Bybit AVAXUSDT	+0.0072%	8h	10.520	−0.369%	$77.7M	$145.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVAX-USD	+0.0082%	1h	10.524	−0.331%	$131K	$354K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.525	−0.317%	$1.1M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.529	−0.284%	$18K	$437K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.533	−0.250%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.534	−0.237%	$37.7M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.531	−0.263%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.538	−0.199%	$265K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.534	−0.237%	$112.2M	$431.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.526	−0.313%	$18.5M	$111.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.529	−0.284%	$43.5M	$80.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.523	−0.341%	$13.1M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.526	−0.313%	$31.9M	$49.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.529	−0.284%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.547	−0.114%	$338K	$978K	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	10.559	long leg	$170K	$662K	50x
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.531	−0.265%	$167K	$321K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.559	−0.005%	$11K	$758K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.527	−0.303%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.527	−0.308%	$342K	$804K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.531	−0.265%	$28.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.521	−0.359%	$634K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.525	−0.317%	$242K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.548	−0.104%	$836K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.532	−0.256%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.521	−0.357%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.526	−0.309%	$230K	—	120x	as long as short