Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.039%

Price spread now: Orderly against Aster+0.001%7-day average +0.051% · you sell dearer than you buy

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

Long on Aster Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 3 days (all we have)−0.133%−$13 · spread now +0.001%, 7d avg +0.051%

Together, before fees−0.159%+ Points / potential airdropAster: Stage 5 · farm board−$16 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: Orderly is 0.050% 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 +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.202	0.0100	pay 0.0100% / 8h	2h 38m	$2.3M	$1.9M	75x
Short	Orderly PERP_AVAX_USDC	11.202	0.0100	get 0.0100% / 8h	2h 38m	$201K	$302K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.001%Rate

Funding earned: $0
Price spread: +0.001% → +0.051%: −$5.02
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$19.02
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 5 min ago; Orderly: 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	0.90 bp	10.3 bp −$10	21.3 bp −$213	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Deribit AVAX_USDC-PERPETUAL	−0.0196%	1h	11.195	−0.062%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0169%	8h	11.174	−0.253%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0112%	1h	11.188	−0.129%	$296K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.910%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0016%	1h	11.203	+0.008%	$666K	$2.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.211	+0.083%	$98K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.198	−0.035%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0043%	8h	11.202	+0.001%	$12.5M	$39.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0051%	8h	11.208	+0.054%	$20.1M	$147.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.203	+0.009%	$912K	$8.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0062%	8h	11.196	−0.053%	$30.0M	$4.8M	50x	as long as short
Bybit AVAXUSDT	+0.0062%	8h	11.210	+0.072%	$85.4M	$151.1M	75x	as long as short
MEXC AVAX_USDT	+0.0069%	8h	11.207	+0.045%	$53.5M	$108.9M	200x	as long as short
Binance AVAXUSDT	+0.0070%	8h	11.209	+0.063%	$120.1M	$537.0M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0095%	8h	11.189	−0.114%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.207	+0.041%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.185	−0.151%	$13K	$697K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.191	−0.100%	$257K	—	3x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.202	long leg	$2.3M	$1.9M	75x
Pacifica AVAX	+0.0100%	1h	11.211	+0.084%	$298K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.205	+0.027%	$16.0M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.206	+0.036%	$34.4M	$61.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.201	−0.008%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.200	−0.017%	$332K	$556K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.170	−0.285%	$353K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.176	−0.232%	$180K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.194	−0.071%	$130K	$482K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.202	+0.001%	$201K	$302K	20x
SunX AVAX-USDT	+0.0100%	8h	11.215	+0.114%	$12K	$713K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.193	−0.080%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.184	−0.165%	$359K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0190%	8h	11.196	−0.053%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.197	−0.044%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0256%	1h	11.204	+0.019%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.197	−0.044%	$241K	—	120x	as long as short
Hyperliquid AVAX	+0.0459%	1h	11.223	+0.188%	$42.8M	$58.0M	10x	as long as short