Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0177%/8h= −19.4% APRpaid last 24h −0.024%

Price spread now: Variational Omni against Extended−0.611%7-day average +0.048% · you buy dearer than you sell

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+0.790%+$79 · spread now −0.611%, 7d avg +0.048%

Together, before fees+0.729%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$73 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Variational Omni is 0.660% cheaper against Extended than usual: you would sell low and buy high (−$66 if the spread goes back to its 7-day average of +0.048%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AVAX-USD	11.197	−0.0008	get 0.0001% / 1h	45m 58s	$666K	$2.3M	25x
Short	Variational Omni AVAX	11.129	−0.0185	pay 0.0185% / 8h	2h 45m	$2.9M	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now −0.611%Rate

Funding earned: −$37.26
Price spread: −0.611% → +0.048%: −$65.97
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$108.22
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 3 min ago; Variational Omni: RFQ quote, 3 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 Extended live order book, 3 min ago	1.80 bp	5.1 bp −$5	8.0 bp −$80	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.19 bp	doesn't fit	12.5 bp −$125	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-PERPETUAL	−0.0197%	1h	11.182	−0.134%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAXshort	−0.0185%	8h	11.129	−0.611%	$2.9M	$2.1M	—
Nado AVAX-PERP	−0.0106%	1h	11.170	−0.237%	$296K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.866%	$17K	$127K	12x	as long as short
Extended AVAX-USDlong	−0.0008%	1h	11.197	long leg	$666K	$2.3M	25x
dYdX AVAX-USD	0.0000%	1h	11.186	−0.098%	$98K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.186	−0.095%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0040%	8h	11.182	−0.134%	$84.6M	$151.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0042%	8h	11.184	−0.116%	$20.0M	$147.2M	50x	as long as short
Gate AVAX_USDT	+0.0047%	8h	11.198	+0.009%	$12.5M	$39.6M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.180	−0.152%	$892K	$8.1M	50x	as long as short
Phemex AVAXUSDT	+0.0058%	8h	11.176	−0.187%	$30.0M	$4.8M	50x	as long as short
MEXC AVAX_USDT	+0.0064%	8h	11.198	+0.009%	$54.1M	$108.7M	200x	as long as short
Binance AVAXUSDT	+0.0067%	8h	11.194	−0.031%	$120.1M	$539.2M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0094%	8h	11.179	−0.159%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.182	−0.134%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.174	−0.205%	$13K	$697K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.181	−0.143%	$257K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.182	−0.131%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.180	−0.148%	$297K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.190	−0.062%	$15.8M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.183	−0.125%	$34.3M	$61.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.197	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.184	−0.116%	$326K	$553K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.124	−0.654%	$357K	$907K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.130	−0.598%	$179K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.180	−0.152%	$117K	$466K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.192	−0.045%	$201K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.205	+0.070%	$12K	$712K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.181	−0.143%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.184	−0.120%	$358K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0185%	8h	11.174	−0.205%	$5.0M	$8.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.178	−0.167%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0257%	1h	11.189	−0.072%	$4.7M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0390%	1h	11.198	+0.009%	$42.5M	$58.4M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.186	−0.099%	$241K	—	120x	as long as short