Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0524%/8h= +57.4% APRpaid last 24h +0.072%

Price spread now: Hyperliquid against Aster+0.144%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days−0.095%−$10 · spread now +0.144%, 7d avg +0.059%

Together, before fees−0.084%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Hyperliquid is 0.086% dearer against Aster than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.059%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.011% in total (about 0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.254	0.0100	pay 0.0100% / 8h	1h 24m	$2.3M	$1.8M	75x
Short	Hyperliquid AVAX	11.271	0.0624	get 0.0078% / 1h	24m 17s	$43.6M	$56.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.144%Rate

Funding earned: $110.01
Price spread: +0.144% → +0.059%: $8.59
Slippage, 4 orders: −$12.05
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $89.56
Costs to cover: 0.290%
Break-even: 1.3 days

Slippage from Aster: live order book, 4 min ago; Hyperliquid: live order book, 9 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, 4 min ago	2.22 bp	8.4 bp −$8	19.2 bp −$192	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	0.44 bp	5.8 bp −$6	11.1 bp −$111	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	11.200	−0.483%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.252	−0.021%	$5.3M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0030%	1h	11.252	−0.025%	$297K	$895K	10x	as long as short
Variational Omni AVAX	−0.0005%	8h	11.249	−0.047%	$3.0M	$2.4M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.259	+0.045%	$104K	$112K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.254	−0.005%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.254	−0.004%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.253	−0.012%	$17K	$688K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.251	−0.028%	$13K	$766	20x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.254	long leg	$2.3M	$1.8M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.258	+0.035%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.253	−0.012%	$120.4M	$525.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.251	−0.030%	$89.0M	$157.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.253	−0.012%	$20.3M	$146.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.251	−0.030%	$12.3M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.252	−0.021%	$52.2M	$100.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.257	+0.024%	$16.1M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.251	−0.030%	$34.2M	$60.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.252	−0.021%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.254	−0.003%	$361K	$570K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.266	+0.102%	$360K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.270	+0.139%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.254	−0.003%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.261	+0.059%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.283	+0.252%	$12K	$731K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.252	−0.021%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.252	−0.016%	$364K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.250	−0.039%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.249	−0.044%	$673K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.252	−0.021%	$258K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.261	+0.059%	$910K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.246	−0.074%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.251	−0.033%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0250%	1h	11.254	−0.003%	$237K	—	120x	as long as short
Hyperliquid AVAXshort	+0.0624%	1h	11.271	+0.144%	$43.6M	$56.7M	10x
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.258	+0.035%	$4.6M	$13.5M	50x	as long as short