Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: ApeX Omni against Aster−0.522%109s7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.430% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 3 days (all we have)+0.945%+$94 · spread now −0.522%, 7d avg +0.057%

Together, before fees+0.983%+ Points / potential airdropAster: Stage 5 · farm board+$98 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: ApeX Omni is 0.579% cheaper against Aster than usual: you would sell low and buy high, −$58 on $10k if it goes back to its 7-day average of +0.057%. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.235	0.0100	pay 0.0100% / 8h	2h 35m	$2.3M	$1.9M	75x
Short	ApeX Omni AVAXUSDT	11.176	0.0100	get 0.0013% / 1h	35m 39s	$180K	$684K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.522%Rate

Funding earned: $0
Price spread: −0.522% → +0.057%: −$57.91
Slippage, 4 orders: −$24.98
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$100.88
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; ApeX Omni: live order book, 53 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 Aster live order book, 3 min ago	0.89 bp	10.0 bp −$10	20.3 bp −$203	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 53 min ago	4.52 bp	14.0 bp −$14	98.0 bp −$980	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
Deribit AVAX_USDC-PERPETUAL	−0.0195%	1h	11.224	−0.095%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0169%	8h	11.174	−0.544%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0114%	1h	11.232	−0.023%	$297K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.198%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0008%	1h	11.231	−0.034%	$669K	$2.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.249	+0.124%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.226	−0.078%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0044%	8h	11.232	−0.023%	$12.6M	$39.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0054%	8h	11.241	+0.057%	$20.0M	$147.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.246	+0.101%	$915K	$8.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0064%	8h	11.224	−0.095%	$30.1M	$4.8M	50x	as long as short
Bybit AVAXUSDT	+0.0070%	8h	11.244	+0.083%	$86.6M	$152.3M	75x	as long as short
MEXC AVAX_USDT	+0.0073%	8h	11.238	+0.030%	$53.5M	$109.1M	200x	as long as short
Binance AVAXUSDT	+0.0073%	8h	11.244	+0.086%	$120.7M	$537.6M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.245	+0.094%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.246	+0.098%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.232	−0.023%	$9K	$701K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.220	−0.134%	$258K	—	3x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.235	long leg	$2.3M	$1.9M	75x
Pacifica AVAX	+0.0100%	1h	11.247	+0.111%	$299K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.249	+0.128%	$16.1M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.242	+0.066%	$34.5M	$61.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.242	+0.066%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.230	−0.041%	$333K	$559K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.170	−0.576%	$353K	$910K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.176	−0.522%	$180K	$684K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.234	−0.006%	$130K	$482K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.233	−0.015%	$202K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.253	+0.167%	$12K	$715K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.223	−0.104%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.223	−0.108%	$360K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0190%	8h	11.229	−0.050%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.227	−0.066%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0256%	1h	11.233	−0.015%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.227	−0.070%	$242K	—	120x	as long as short
Hyperliquid AVAX	+0.0475%	1h	11.263	+0.252%	$43.4M	$58.3M	10x	as long as short