Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: Backpack against Aster−0.036%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on Aster Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.036%, 7d avg +0.022%

Together, before fees−0.100%+ Points / potential airdropAster: Stage 5 · farm board−$10 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: Backpack is 0.058% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	10.837	0.0100	pay 0.0100% / 8h	3h 08m	$2.2M	$1.0M	75x
Short	Backpack AVAX_USDC_PERP	10.833	0.0100	get 0.0013% / 1h	8m 36s	$364K	$548K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → +0.022%: −$5.84
Slippage, 4 orders: −$21.75
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$45.59
Costs to cover: 0.397%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Backpack: live order book, 45 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, 5 min ago	1.83 bp	8.8 bp −$9	19.2 bp −$192	doesn't fit	doesn't fit
Sell Backpack live order book, 45 min ago	0.46 bp	9.2 bp −$9	47.0 bp −$470	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	−0.1421%	1h	10.810	−0.249%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0027%	1h	10.833	−0.036%	$4.9M	$7.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.845	+0.070%	$95K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.835	−0.018%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.836	−0.005%	$4.2M	$11.0M	50x	as long as short
Nado AVAX-PERP	+0.0033%	1h	10.837	+0.001%	$281K	$308K	10x	as long as short
Gate AVAX_USDT	+0.0056%	8h	10.840	+0.028%	$12.2M	$32.7M	75x	as long as short
Variational Omni AVAX	+0.0093%	8h	10.876	+0.365%	$2.9M	$2.2M	—	as long as short
Lighter AVAX	+0.0096%	1h	10.841	+0.037%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.842	+0.047%	$6K	$437K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0097%	8h	10.842	+0.049%	$12K	$212	20x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	10.837	long leg	$2.2M	$1.0M	75x
Pacifica AVAX	+0.0100%	1h	10.842	+0.047%	$273K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.841	+0.037%	$113.6M	$416.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.835	−0.018%	$81.9M	$137.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.839	+0.019%	$19.6M	$108.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.841	+0.037%	$44.7M	$79.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.839	+0.019%	$14.9M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.837	+0.001%	$32.3M	$47.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.839	+0.019%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERPshort	+0.0100%	1h	10.833	−0.036%	$364K	$548K	15x
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.906	+0.637%	$343K	$953K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.908	+0.656%	$175K	$665K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.842	+0.047%	$127K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.839	+0.019%	$190K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.859	+0.204%	$11K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.832	−0.046%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.832	−0.041%	$356K	$769K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.836	−0.009%	$28.9M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.834	−0.025%	$667K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.832	−0.046%	$249K	—	3x	as long as short
Hyperliquid AVAX	+0.0213%	1h	10.855	+0.167%	$41.0M	$39.8M	10x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.822	−0.138%	$4.8M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.839	+0.019%	$882K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.838	+0.011%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0445% / S −0.0276%	1h	10.833	−0.034%	$237K	—	120x	as long as short