Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0478%/8h= +52.3% APRpaid last 24h +0.188%

Price spread now: Aster against Deribit−0.018%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs+$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.601%+$60 on $10k

Price spread, last 3 days (all we have)+0.477%+$48 · spread now −0.018%, 7d avg +0.012%

Together, before fees+1.078%+ Points / potential airdropAster: Stage 5 · farm board+$108 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.030% cheaper against Deribit than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.012%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.142	−0.0378	get 0.0047% / 1h	54m 06s	$5.3M	$9.4M	25x
Short	Aster AVAXUSDT	11.140	0.0100	get 0.0100% / 8h	2h 54m	$2.3M	$2.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.018%Rate

Funding earned: $100.35
Price spread: −0.018% → +0.012%: −$2.97
Slippage, 4 orders: −$14.64
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $67.74
Costs to cover: 0.296%
Break-even: 2.3 days

Slippage from Deribit: live order book, 5 min ago; Aster: live order book, 4 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 Deribit live order book, 5 min ago	1.35 bp	6.6 bp −$7	65.2 bp −$652	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	2.25 bp	8.0 bp −$8	16.0 bp −$160	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
Deribit AVAX_USDC-PERPETUALlong	−0.0378%	1h	11.142	long leg	$5.3M	$9.4M	25x
Variational Omni AVAX	−0.0194%	8h	11.123	−0.167%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0160%	1h	11.138	−0.038%	$297K	$964K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.377%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0032%	1h	11.140	−0.019%	$666K	$2.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.155	+0.112%	$98K	$127K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.149	+0.063%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0015%	8h	11.141	−0.009%	$84.8M	$149.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0028%	8h	11.141	−0.009%	$19.9M	$147.2M	50x	as long as short
Phemex AVAXUSDT	+0.0037%	8h	11.138	−0.036%	$29.8M	$4.8M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AVAX_USDT	+0.0044%	8h	11.143	+0.009%	$12.3M	$39.3M	75x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.139	−0.027%	$888K	$8.1M	50x	as long as short
MEXC AVAX_USDT	+0.0061%	8h	11.144	+0.018%	$54.1M	$108.2M	200x	as long as short
Binance AVAXUSDT	+0.0061%	8h	11.140	−0.020%	$119.4M	$541.6M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	11.141	−0.005%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.145	+0.027%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.119	−0.206%	$12K	$699K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.124	−0.159%	$256K	—	3x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	11.140	−0.018%	$2.3M	$2.0M	75x
Pacifica AVAX	+0.0100%	1h	11.160	+0.157%	$297K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.144	+0.018%	$15.8M	$24.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.128	−0.126%	$34.2M	$61.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.122	−0.180%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.143	+0.009%	$317K	$551K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.114	−0.252%	$358K	$905K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.113	−0.260%	$179K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.140	−0.018%	$117K	$477K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.149	+0.063%	$200K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.173	+0.276%	$12K	$710K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.146	+0.036%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.111	−0.277%	$355K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0181%	8h	11.177	+0.314%	$5.0M	$8.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.143	+0.007%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0257%	1h	11.152	+0.093%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0377%	1h	11.158	+0.144%	$42.2M	$58.2M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.148	+0.050%	$240K	—	120x	as long as short