Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.018%

Price spread now: Aster against Coinbase International−0.130%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$420.423% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.171%−$17 on $10k

Price spread, last 3 days (all we have)+0.590%+$59 · spread now −0.130%, 7d avg −0.069%

Together, before fees+0.419%+ Points / potential airdropAster: Stage 5 · farm board+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.061% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of −0.069%). If the spread goes back, that is −$6 on $10k: about 4.6 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.171%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	11.140	0.0056	pay 0.0007% / 1h	58m 36s	$899K	$8.1M	50x
Short	Aster AVAXUSDT	11.125	0.0100	get 0.0100% / 8h	2h 58m	$2.3M	$2.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.130%Rate

Funding earned: $9.24
Price spread: −0.130% → −0.069%: −$6.12
Slippage, 4 orders: −$24.33
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.21
Costs to cover: 0.423%
Break-even: 36.7 days

Slippage from Coinbase International: live order book, 5 min ago; Aster: live order book, 5 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 Coinbase International live order book, 5 min ago	3.14 bp	12.9 bp −$13	19.2 bp −$192	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	2.25 bp	7.9 bp −$8	18.7 bp −$187	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	−0.111%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0199%	1h	11.121	−0.171%	$5.2M	$9.4M	25x	as long as short
Nado AVAX-PERP	−0.0196%	1h	11.123	−0.155%	$298K	$965K	10x	as long as short
SoDEX AVAX-USD	−0.0098%	1h	11.119	−0.189%	$18K	$72K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.359%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0032%	1h	11.124	−0.146%	$662K	$2.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.133	−0.067%	$98K	$132K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.127	−0.118%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0006%	8h	11.124	−0.144%	$85.5M	$148.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0020%	8h	11.124	−0.144%	$19.9M	$147.0M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack AVAX_USDC_PERP	+0.0039%	1h	11.121	−0.171%	$316K	$552K	15x	as long as short
Gate AVAX_USDT	+0.0040%	8h	11.125	−0.135%	$12.3M	$39.2M	75x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0056%	1h	11.140	long leg	$899K	$8.1M	50x
MEXC AVAX_USDT	+0.0060%	8h	11.124	−0.144%	$52.6M	$107.7M	200x	as long as short
Binance AVAXUSDT	+0.0061%	8h	11.125	−0.130%	$119.3M	$541.6M	75x	as long as short
Phemex AVAXUSDT	+0.0068%	8h	11.122	−0.162%	$29.8M	$4.8M	50x	as long as short
Lighter AVAX	+0.0080%	1h	11.128	−0.107%	$1.2M	$3.1M	10x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	11.125	−0.133%	$13K	$766	20x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.123	−0.153%	$18K	$700K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.117	−0.202%	$255K	—	3x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	11.125	−0.130%	$2.3M	$2.0M	75x
Pacifica AVAX	+0.0100%	1h	11.133	−0.063%	$296K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.131	−0.081%	$16.1M	$24.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.126	−0.126%	$34.4M	$61.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.125	−0.135%	—	$90.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.120	−0.180%	$356K	$884K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.124	−0.144%	$179K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.124	−0.144%	$116K	$487K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.131	−0.081%	$200K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.157	+0.156%	$12K	$709K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.133	−0.067%	$356K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0181%	8h	11.117	−0.206%	$5.0M	$8.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.123	−0.150%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0258%	1h	11.130	−0.088%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0407% / S −0.0244%	1h	11.126	−0.130%	$240K	—	120x	as long as short
Hyperliquid AVAX	+0.0449%	1h	11.144	+0.036%	$41.9M	$58.6M	10x	as long as short