Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%

Price spread now: Bybit against Aster+0.025%7-day average +0.003% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.025%, 7d avg +0.003%

Together, before fees−0.088%+ Points / potential airdropAster: Stage 5 · farm board−$9 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: Bybit is 0.022% dearer against Aster than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.205	0.0100	pay 0.0100% / 8h	11m 04s	$2.3M	$1.7M	75x
Short	Bybit AVAXUSDT	11.208	0.0100	get 0.0100% / 8h	11m 04s	$89.3M	$154.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → +0.003%: $2.15
Slippage, 4 orders: −$13.4
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.24
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago	1.78 bp	9.2 bp −$9	19.3 bp −$193	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.45 bp	7.3 bp −$7	12.1 bp −$121	32.8 bp −$3,282	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	−0.1451%	1h	11.180	−0.225%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0196%	1h	11.197	−0.073%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0100%	1h	11.214	+0.083%	$296K	$877K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.228	+0.203%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.202	−0.029%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.200	−0.049%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.214	+0.078%	$18K	$663K	50x	as long as short
Variational Omni AVAX	+0.0099%	8h	11.203	−0.021%	$3.0M	$2.4M	—	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.216	+0.096%	$13K	$766	20x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.205	long leg	$2.3M	$1.7M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.224	+0.170%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.206	+0.008%	$119.9M	$511.0M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.208	+0.025%	$89.3M	$154.8M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.207	+0.016%	$20.2M	$143.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.199	−0.055%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.208	+0.025%	$50.1M	$93.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.204	−0.011%	$15.7M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.206	+0.007%	$34.2M	$57.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.200	−0.046%	—	$86.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.201	−0.038%	$358K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.222	+0.154%	$351K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.226	+0.186%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.216	+0.096%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.207	+0.016%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.230	+0.220%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.199	−0.055%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.198	−0.060%	$362K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.202	−0.029%	$30.1M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.205	−0.003%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.201	−0.038%	$257K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.198	−0.064%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.210	+0.042%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0271%	1h	11.205	−0.006%	$4.5M	$13.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.212	+0.061%	$911K	$7.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0431% / S −0.0290%	1h	11.202	−0.028%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0793%	1h	11.215	+0.087%	$43.5M	$55.0M	10x	as long as short