Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.022%

Price spread now: Aster against dYdX−0.124%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$335as in the Funding arb table

Net, price: spread back to 7d avg − costs−$364as in the Price arb table

costs, in and out, $10k−$3523.520% of the position

Long on dYdX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.167%+$17 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.124%, 7d avg −0.003%

Together, before fees+0.308%+ Points / potential airdropAster: Stage 5 · farm board+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.121% cheaper against dYdX than usual: you would sell low and buy high (spread −0.124% now, against its 7-day average of −0.003%). If the spread goes back, that is −$12 on $10k: about 4.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	11.247	0	get 0.0000% / 1h	7m 23s	$103K	$106K	10x
Short	Aster AVAXUSDT	11.233	0.0100	get 0.0100% / 8h	7m 23s	$2.3M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against dYdX. 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 dYdXbpFee AsterbpOrdersPrice spread, now −0.124%Rate

Funding earned: $21
Price spread: −0.124% → −0.003%: −$12.12
Slippage, 4 orders: −$333.97
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$343.09
Costs to cover: 3.520%
Break-even: 121.4 days

Slippage from dYdX: live order book, 6 min ago; Aster: live order book, 1 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 dYdX live order book, 6 min ago	146.82 bp	151.8 bp −$152	151.8 bp −$1,518	154.5 bp −$15.5K	156.6 bp −$78.3K
Sell Aster live order book, 1 min ago	2.22 bp	9.1 bp −$9	17.7 bp −$177	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	−0.1451%	1h	11.180	−0.593%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.231	−0.140%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0097%	1h	11.235	−0.109%	$296K	$877K	10x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.247	long leg	$103K	$106K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.232	−0.132%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.246	−0.004%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.229	−0.157%	$18K	$663K	50x	as long as short
Variational Omni AVAX	+0.0099%	8h	11.203	−0.390%	$3.0M	$2.4M	—	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.243	−0.029%	$13K	$766	20x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	11.233	−0.124%	$2.3M	$1.7M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.249	+0.023%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.230	−0.147%	$120.3M	$510.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.232	−0.131%	$89.5M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.229	−0.157%	$20.3M	$143.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.232	−0.131%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.228	−0.166%	$50.1M	$93.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.234	−0.113%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.233	−0.122%	$34.2M	$57.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.229	−0.157%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.237	−0.086%	$359K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.224	−0.200%	$351K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.227	−0.175%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.232	−0.131%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.240	−0.060%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.260	+0.117%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.233	−0.122%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.231	−0.141%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.231	−0.140%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.231	−0.137%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.232	−0.131%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.218	−0.255%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.228	−0.162%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.240	−0.059%	$4.6M	$13.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.217	−0.264%	$913K	$7.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0432% / S −0.0254%	1h	11.231	−0.143%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0773%	1h	11.247	0.000%	$43.8M	$55.0M	10x	as long as short