Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.062%

Price spread now: Variational Omni against Aster−0.063%7-day average +0.004% · you buy dearer than you sell

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.130%−$13 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.063%, 7d avg +0.004%

Together, before fees−0.106%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$11 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: Variational Omni is 0.067% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.126	0.0100	pay 0.0100% / 8h	6h 32m	$2.3M	$1.4M	75x
Short	Variational Omni AVAX	11.119	0.0100	get 0.0100% / 8h	6h 32m	$2.9M	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → +0.004%: −$6.65
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.65
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 1 min ago; Variational Omni: RFQ quote, 2 min ago. 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, 1 min ago	2.25 bp	9.0 bp −$9	19.9 bp −$199	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	3.19 bp	doesn't fit	12.3 bp −$123	doesn't fit	doesn't fit

AVAX on 35 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	11.090	−0.322%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.111	−0.133%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0046%	1h	11.133	+0.065%	$286K	$517K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.128	+0.021%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.116	−0.087%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0065%	8h	11.127	+0.011%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.128	+0.018%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.133	+0.065%	$15K	$595K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.126	−0.001%	$13K	$434	20x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.126	long leg	$2.3M	$1.4M	75x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.130	+0.038%	$296K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.133	+0.065%	$118.6M	$468.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.135	+0.083%	$88.7M	$145.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.138	+0.110%	$20.0M	$126.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.126	+0.002%	$48.7M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.125	−0.007%	$15.6M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.136	+0.092%	$33.5M	$51.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.129	+0.029%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.113	−0.115%	$355K	$547K	15x	as long as short
Variational Omni AVAXshort	+0.0100%	8h	11.119	−0.063%	$2.9M	$2.2M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.116	−0.087%	$350K	$808K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.118	−0.070%	$179K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.140	+0.128%	$131K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.119	−0.061%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.146	+0.177%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.114	−0.106%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.115	−0.099%	$361K	$938K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.115	−0.097%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.126	+0.003%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.108	−0.156%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.135	+0.086%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.114	−0.102%	$4.3M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.130	+0.038%	$905K	$6.0M	50x	as long as short
Hyperliquid AVAX	+0.0432%	1h	11.151	+0.227%	$43.5M	$47.0M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.115	−0.092%	$236K	—	120x	as long as short