Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.091%

Price spread now: Variational Omni against Deribit−0.021%7-day average −0.028% · you buy dearer than you sell

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

Long on Deribit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.357%+$36 on $10k

Price spread, last 3 days (all we have)+0.036%+$4 · spread now −0.021%, 7d avg −0.028%

Together, before fees+0.393%+ Points / potential airdropVariational Omni: Active · farm board+$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.165	−0.0108	get 0.0014% / 1h	16m 53s	$5.3M	$8.5M	25x
Short	Variational Omni AVAX	11.163	0.0100	get 0.0100% / 8h	7h 16m	$2.9M	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.021%Rate

Funding earned: $43.71
Price spread: −0.021% → −0.028%: $0.7
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $37.4
Costs to cover: 0.070%
Break-even: 1.0 days

Slippage unknown: Deribit: live order book, 2 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 Deribit live order book, 2 min ago	1.35 bp	5.7 bp −$6	1380.8 bp −$13.8K	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	3.18 bp	doesn't fit	11.3 bp −$113	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	−0.1363%	1h	11.120	−0.403%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0108%	1h	11.165	long leg	$5.3M	$8.5M	25x
Nado AVAX-PERP	−0.0054%	1h	11.172	+0.067%	$293K	$732K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.174	+0.082%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.166	+0.005%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.170	+0.041%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.171	+0.054%	$15K	$611K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.167	+0.020%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.180	+0.136%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.170	+0.048%	$297K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.178	+0.116%	$119.3M	$477.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.180	+0.134%	$89.0M	$147.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.178	+0.116%	$20.0M	$131.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.178	+0.116%	$12.2M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.180	+0.134%	$48.8M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.182	+0.152%	$15.4M	$23.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.180	+0.134%	$33.9M	$53.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.182	+0.152%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.177	+0.107%	$357K	$548K	15x	as long as short
Variational Omni AVAXshort	+0.0100%	8h	11.163	−0.021%	$2.9M	$2.2M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.159	−0.053%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.163	−0.018%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.173	+0.072%	$131K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.173	+0.072%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.198	+0.294%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.170	+0.045%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.168	+0.022%	$362K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.169	+0.036%	$29.9M	$5.2M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.177	+0.104%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.161	−0.036%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.173	+0.069%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.173	+0.072%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.166	+0.007%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.155	−0.090%	$921K	$6.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.164	−0.010%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0689%	1h	11.192	+0.242%	$43.7M	$49.6M	10x	as long as short