Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.023%

Price spread now: Extended against Aster−0.092%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 7 days+0.081%+$8 · spread now −0.092%, 7d avg −0.043%

Together, before fees−0.003%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board$0 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: Extended is 0.049% cheaper against Aster than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.190	0.0100	pay 0.0100% / 8h	5h 17m	$2.3M	$1.2M	75x
Short	Extended AVAX-USD	11.180	0.0104	get 0.0013% / 1h	17m 40s	$687K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0.84
Price spread: −0.092% → −0.043%: −$4.94
Slippage, 4 orders: −$15.5
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$32.6
Costs to cover: 0.285%
Break-even: 278.7 days

Slippage from Aster: live order book, 1 min ago; Extended: live order book, 1 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	1.34 bp	10.0 bp −$10	17.5 bp −$175	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	2.24 bp	5.6 bp −$6	7.7 bp −$77	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	−0.1374%	1h	11.120	−0.625%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0108%	1h	11.178	−0.107%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0075%	1h	11.178	−0.107%	$288K	$443K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.183	−0.064%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.178	−0.107%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.186	−0.035%	$4.4M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.185	−0.041%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.179	−0.098%	$16K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.185	−0.045%	$13K	$434	20x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.190	long leg	$2.3M	$1.2M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.189	−0.004%	$292K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.185	−0.044%	$119.7M	$430.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.186	−0.035%	$88.8M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.183	−0.062%	$20.2M	$117.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.183	−0.062%	$12.2M	$35.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.185	−0.044%	$49.4M	$79.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.188	−0.017%	$15.8M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.185	−0.044%	$33.6M	$48.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.186	−0.035%	—	$81.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.187	−0.026%	$358K	$494K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.207	+0.156%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.203	+0.118%	$354K	$813K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.215	+0.224%	$180K	$675K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.184	−0.053%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.185	−0.044%	$196K	$312K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.207	+0.156%	$12K	$700K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.183	−0.062%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.181	−0.075%	$366K	$870K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.185	−0.044%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.180	−0.092%	$687K	$1.5M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.184	−0.057%	$257K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.192	+0.019%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.191	+0.010%	$900K	$5.4M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.179	−0.097%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.177	−0.118%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0554%	1h	11.204	+0.126%	$43.6M	$42.8M	10x	as long as short