Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0143%/8h= −15.6% APRpaid last 24h −0.159%

Price spread now: Injective against Aster−0.152%7-day average −0.177% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1071.074% of the position

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.329%−$33 on $10k

Price spread, last 3 days (all we have)+0.696%+$70 · spread now −0.152%, 7d avg −0.177%

Together, before fees+0.367%+ Points / potential airdropAster: Stage 5 · farm board+$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.025% dearer against Aster than usual: you sell high and buy low (spread −0.152% now, against its 7-day average of −0.177%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.117	0.0100	pay 0.0100% / 8h	2h 56m	$2.3M	$2.0M	75x
Short	Injective AVAX/USDC PERP	11.100	−0.0043	pay 0.0005% / 1h	56m 41s	$17K	$127K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.152%Rate

Funding earned: −$29.96
Price spread: −0.152% → −0.177%: $2.48
Slippage, 4 orders: −$99.33
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$134.83
Costs to cover: 1.074%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Injective: live order book, 32 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, 2 min ago	2.25 bp	8.8 bp −$9	20.6 bp −$206	doesn't fit	doesn't fit
Sell Injective live order book, 32 min ago	27.20 bp	27.2 bp −$27	doesn't fit	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
Variational Omni AVAX	−0.0203%	8h	11.128	+0.097%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0200%	1h	11.107	−0.089%	$5.2M	$9.4M	25x	as long as short
SoDEX AVAX-USD	−0.0087%	1h	11.106	−0.098%	$18K	$72K	10x	as long as short
Nado AVAX-PERP	−0.0044%	1h	11.110	−0.062%	$298K	$965K	10x	as long as short
Injective AVAX/USDC PERPshort	−0.0043%	1h	11.100	−0.152%	$17K	$127K	12x
Extended AVAX-USD	−0.0040%	1h	11.113	−0.033%	$662K	$2.2M	25x	as long as short
Backpack AVAX_USDC_PERP	−0.0011%	1h	11.115	−0.017%	$316K	$552K	15x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.130	+0.118%	$98K	$132K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.111	−0.053%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0010%	8h	11.123	+0.055%	$85.4M	$148.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AVAX-USDT-SWAP	+0.0023%	8h	11.116	−0.008%	$19.9M	$146.7M	50x	as long as short
Gate AVAX_USDT	+0.0042%	8h	11.121	+0.037%	$12.3M	$39.2M	75x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.111	−0.053%	$897K	$8.0M	50x	as long as short
Phemex AVAXUSDT	+0.0056%	8h	11.110	−0.062%	$29.8M	$4.8M	50x	as long as short
Binance AVAXUSDT	+0.0060%	8h	11.124	+0.060%	$119.3M	$541.4M	75x	as long as short
MEXC AVAX_USDT	+0.0060%	8h	11.122	+0.046%	$52.4M	$107.7M	200x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	11.121	+0.034%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.123	+0.057%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.115	−0.017%	$17K	$698K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.104	−0.116%	$255K	—	3x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.117	long leg	$2.3M	$2.0M	75x
Pacifica AVAX	+0.0100%	1h	11.127	+0.094%	$296K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.126	+0.082%	$16.2M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.114	−0.026%	$34.2M	$61.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.116	−0.008%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.122	+0.043%	$352K	$892K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.128	+0.100%	$179K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.116	−0.008%	$116K	$476K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.116	−0.008%	$200K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.136	+0.175%	$12K	$709K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.101	−0.148%	$355K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0181%	8h	11.111	−0.053%	$5.0M	$8.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.110	−0.065%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0258%	1h	11.119	+0.014%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0369%	1h	11.140	+0.208%	$41.9M	$58.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0407% / S −0.0244%	1h	11.111	−0.053%	$240K	—	120x	as long as short