Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.021%

Price spread now: Coinbase International against Aster−0.046%7-day average +0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.171%+$17 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now −0.046%, 7d avg +0.070%

Together, before fees+0.144%+ Points / potential airdropAster: Stage 5 · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.116% cheaper against Aster than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.070%). If the spread goes back, that is −$12 on $10k: about 4.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.250	0.0100	pay 0.0100% / 8h	1h 50m	$2.3M	$1.9M	75x
Short	Coinbase International AVAX-PERP-INTX	11.245	0.0192	get 0.0024% / 1h	50m 24s	$901K	$8.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.046%Rate

Funding earned: $19.32
Price spread: −0.046% → +0.070%: −$11.61
Slippage, 4 orders: −$22.88
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$33.17
Costs to cover: 0.409%
Break-even: 19.0 days

Slippage from Aster: live order book, 3 min ago; Coinbase International: live order book, 4 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	2.22 bp	9.0 bp −$9	19.1 bp −$191	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	3.10 bp	12.6 bp −$13	20.0 bp −$200	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	11.230	−0.180%	$17K	$151K	12x	as long as short
Variational Omni AVAX	−0.0043%	8h	11.261	+0.092%	$3.0M	$2.3M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0017%	1h	11.246	−0.037%	$5.3M	$9.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.251	+0.008%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.247	−0.027%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0014%	1h	11.248	−0.015%	$297K	$948K	10x	as long as short
Gate AVAX_USDT	+0.0094%	8h	11.247	−0.028%	$12.3M	$39.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.251	+0.010%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.247	−0.028%	$13K	$694K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.247	−0.026%	$13K	$766	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDTlong	+0.0100%	8h	11.250	long leg	$2.3M	$1.9M	75x
Pacifica AVAX	+0.0100%	1h	11.252	+0.020%	$299K	$121K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.247	−0.028%	$120.5M	$527.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.246	−0.037%	$90.1M	$155.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.246	−0.037%	$20.2M	$146.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.247	−0.028%	$53.3M	$99.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.251	+0.007%	$16.1M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.245	−0.046%	$34.4M	$60.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.246	−0.037%	—	$89.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.234	−0.144%	$358K	$574K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.348	+0.869%	$359K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.267	+0.149%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.251	+0.007%	$134K	$465K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.256	+0.052%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.279	+0.258%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.248	−0.020%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.264	+0.118%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.238	−0.108%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.244	−0.058%	$673K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.244	−0.052%	$258K	—	3x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0192%	1h	11.245	−0.046%	$901K	$8.3M	50x
BloFin AVAX-USDT	+0.0220%	8h	11.228	−0.197%	$5.0M	$8.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.247	−0.030%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.248	−0.016%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0520%	1h	11.266	+0.140%	$43.6M	$57.7M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.258	+0.073%	$4.6M	$13.5M	50x	as long as short