Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.020%

Price spread now: gTrade (Gains Network) against Aster+0.071%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.071% dearer against Aster than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	10.541	0.0100	pay 0.0100% / 8h	2h 23m	$2.1M	$1.1M	75x
Short	gTrade (Gains Network) AVAX/USD	10.548	L +0.0002% / S −0.0003%	get 0.0000% / 1h	23m 38s	$12K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.071%Rate

Funding earned: −$20.36
Price spread: +0.071% → 0.000%: $7.11
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$31.25
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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	2.37 bp	8.9 bp −$9	20.7 bp −$207	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1423%	1h	10.760	+2.081%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0283%	1h	10.556	+0.148%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0055%	1h	10.541	+0.004%	$287K	$339K	10x	as long as short
Variational Omni AVAX	−0.0017%	8h	10.535	−0.055%	$2.7M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.534	−0.058%	$87K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.551	+0.099%	$4.7M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USDshort	L +0.0002% / S −0.0003%	1h	10.548	+0.071%	$12K	—	150x
Gate AVAX_USDT	+0.0022%	8h	10.533	−0.072%	$12.1M	$32.7M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0028%	1h	10.550	+0.089%	$367K	$563K	15x	as long as short
Bybit AVAXUSDT	+0.0072%	8h	10.525	−0.148%	$77.7M	$144.9M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVAX-USD	+0.0083%	1h	10.548	+0.070%	$131K	$355K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.533	−0.074%	$1.1M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.550	+0.089%	$18K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.533	−0.075%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.541	+0.004%	$37.8M	$44.0M	10x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	10.541	long leg	$2.1M	$1.1M	75x
Pacifica AVAX	+0.0100%	1h	10.538	−0.025%	$265K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.536	−0.045%	$112.2M	$430.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.529	−0.110%	$18.5M	$111.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.534	−0.063%	$43.3M	$80.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.533	−0.072%	$13.1M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.533	−0.072%	$32.0M	$49.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.531	−0.091%	—	$54.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.602	+0.582%	$340K	$978K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.559	+0.174%	$170K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.553	+0.118%	$167K	$321K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.582	+0.388%	$12K	$758K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.552	+0.108%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.532	−0.080%	$342K	$803K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.552	+0.108%	$28.2M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.528	−0.123%	$634K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.550	+0.089%	$242K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.546	+0.051%	$826K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.543	+0.023%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.545	+0.045%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.548	+0.071%	$231K	—	120x	as long as short