Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.143%

Price spread now: Deribit against Aster+0.027%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$270.275% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.604%−$60 on $10k

Price spread, last 3 days (all we have)−0.124%−$12 · spread now +0.027%, 7d avg −0.012%

Together, before fees−0.728%+ Points / potential airdropAster: Stage 5 · farm board−$73 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.039% dearer against Aster than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.012%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.604% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.102	0.0100	pay 0.0100% / 8h	6h 07m	$2.3M	$1.3M	75x
Short	Deribit AVAX_USDC-PERPETUAL	11.105	−0.0020	pay 0.0003% / 1h	7m 18s	$5.2M	$8.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$25.22
Price spread: +0.027% → −0.012%: $3.87
Slippage, 4 orders: −$12.47
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$48.81
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Deribit: live order book, 2 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, 1 min ago	1.80 bp	8.5 bp −$9	19.8 bp −$198	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	0.90 bp	4.4 bp −$4	21.2 bp −$212	doesn't fit	doesn't fit

AVAX on 35 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	11.070	−0.288%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0040%	1h	11.108	+0.054%	$286K	$480K	10x	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0020%	1h	11.105	+0.027%	$5.2M	$8.1M	25x
dYdX AVAX-USD	0.0000%	1h	11.109	+0.064%	$102K	$91K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.105	+0.027%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0070%	8h	11.102	0.000%	$12.1M	$36.7M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.107	+0.042%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.102	0.000%	$16K	$578K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.103	+0.005%	$13K	$434	20x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.102	long leg	$2.3M	$1.3M	75x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.109	+0.064%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.107	+0.045%	$118.5M	$447.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.105	+0.027%	$88.4M	$141.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.107	+0.045%	$20.0M	$121.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.105	+0.027%	$48.6M	$82.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.108	+0.054%	$15.5M	$22.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.101	−0.009%	$33.3M	$49.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.105	+0.027%	—	$82.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.111	+0.081%	$355K	$507K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.107	+0.041%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.086	−0.146%	$354K	$790K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.089	−0.117%	$178K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.106	+0.036%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.111	+0.081%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.132	+0.268%	$12K	$709K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.107	+0.045%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.105	+0.032%	$361K	$855K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.108	+0.054%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.104	+0.022%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.099	−0.026%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.103	+0.011%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.111	+0.080%	$4.3M	$11.7M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.109	+0.063%	$901K	$5.7M	50x	as long as short
Hyperliquid AVAX	+0.0385%	1h	11.118	+0.144%	$43.2M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.106	+0.034%	$236K	—	120x	as long as short