Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%

Price spread now: Lighter against Aster+0.038%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 7 days+0.041%+$4 · spread now +0.038%, 7d avg −0.001%

Together, before fees−0.090%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$9 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: Lighter is 0.039% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	10.788	0.0100	pay 0.0100% / 8h	7h 39m	$2.4M	$1.4M	75x
Short	Lighter AVAX	10.792	0.0096	get 0.0012% / 1h	39m 50s	$1.2M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$0.84
Price spread: +0.038% → −0.001%: $3.91
Slippage, 4 orders: −$22.04
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$26.97
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Lighter: 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, 4 min ago	2.78 bp	12.6 bp −$13	25.8 bp −$258	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	2.55 bp	3.9 bp −$4	14.8 bp −$148	79.9 bp −$7,994	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
Kraken Futures PF_AVAXUSD	−0.0265%	1h	10.795	+0.065%	$3.7M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0249%	1h	10.784	−0.034%	$281K	$326K	10x	as long as short
Phemex AVAXUSDT	−0.0150%	8h	10.788	−0.001%	$28.8M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0080%	8h	10.771	−0.161%	$3.0M	$2.2M	—	as long as short
SoDEX AVAX-USD	−0.0053%	1h	10.790	+0.017%	$18K	$68K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.787	−0.009%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.788	−0.001%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.786	−0.020%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0020%	8h	10.789	+0.008%	$13.7M	$28.8M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.261%	$17K	$151K	12x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0091%	8h	10.780	−0.074%	$12K	$212	20x	as long as short
Lighter AVAXshort	+0.0096%	1h	10.792	+0.038%	$1.2M	$2.1M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.779	−0.085%	$22K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.803	+0.138%	$36.0M	$40.2M	10x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	10.788	long leg	$2.4M	$1.4M	75x
Pacifica AVAX	+0.0100%	1h	10.786	−0.019%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.789	+0.012%	$113.9M	$398.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.787	−0.011%	$84.4M	$138.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.789	+0.008%	$19.0M	$107.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.793	+0.045%	$53.3M	$79.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.795	+0.064%	$13.9M	$21.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.791	+0.027%	$33.0M	$45.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.786	−0.020%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.799	+0.101%	$440K	$533K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.781	−0.062%	$344K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.807	+0.175%	$174K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.786	−0.020%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.790	+0.017%	$233K	$239K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.809	+0.197%	$12K	$774K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.791	+0.031%	$335K	$871K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.786	−0.019%	$612K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.778	−0.092%	$248K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.791	+0.027%	$856K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.777	−0.103%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.778	−0.096%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.797	+0.078%	$228K	—	120x	as long as short