Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%

Price spread now: Aster against Backpack+0.030%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Backpack Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.030%, 7d avg −0.025%

Together, before fees+0.133%+ Points / potential airdropAster: Stage 5 · farm board+$13 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: Aster is 0.055% dearer against Backpack than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVAX_USDC_PERP	11.241	0.0100	pay 0.0013% / 1h	41m 04s	$359K	$578K	15x
Short	Aster AVAXUSDT	11.244	0.0100	get 0.0100% / 8h	1h 41m	$2.3M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Backpack. 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 BackpackbpFee AsterbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → −0.025%: $5.52
Slippage, 4 orders: −$16.34
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$28.83
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from Backpack: live order book, 43 min ago; Aster: 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 Backpack live order book, 43 min ago	0.44 bp	10.3 bp −$10	35.3 bp −$353	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	2.66 bp	8.7 bp −$9	20.3 bp −$203	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	11.190	−0.454%	$17K	$151K	12x	as long as short
Variational Omni AVAX	−0.0033%	8h	11.187	−0.476%	$2.9M	$2.4M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0017%	1h	11.238	−0.027%	$5.3M	$9.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.249	+0.070%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.240	−0.010%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0018%	1h	11.241	−0.004%	$297K	$898K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.242	+0.012%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.243	+0.018%	$15K	$695K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.242	+0.006%	$13K	$766	20x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	11.244	+0.030%	$2.3M	$1.9M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.247	+0.052%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.242	+0.009%	$120.3M	$528.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.240	−0.009%	$87.9M	$157.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.243	+0.018%	$20.2M	$146.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.242	+0.009%	$12.6M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.241	0.000%	$52.1M	$99.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.244	+0.027%	$16.7M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.241	0.000%	$34.2M	$60.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.241	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERPlong	+0.0100%	1h	11.241	long leg	$359K	$578K	15x
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.227	−0.128%	$355K	$886K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.230	−0.098%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.244	+0.027%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.246	+0.044%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.271	+0.270%	$12K	$729K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.241	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.238	−0.031%	$362K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.243	+0.018%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.237	−0.033%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.137	−0.926%	$256K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.258	+0.151%	$907K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.242	+0.009%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.239	−0.017%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.240	−0.013%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0541%	1h	11.257	+0.142%	$43.6M	$57.9M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0629%	1h	11.248	+0.060%	$4.6M	$13.6M	50x	as long as short