Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0526%/8h= −57.6% APRpaid last 24h −0.065%

Price spread now: Aster against Hyperliquid−0.107%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days+0.081%+$8 · spread now −0.107%, 7d avg −0.058%

Together, before fees+0.078%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Aster is 0.049% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.058%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.003% in total (about -0.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AVAX	11.300	0.0626	pay 0.0078% / 1h	19m 18s	$44.1M	$58.7M	10x
Short	Aster AVAXUSDT	11.288	0.0100	get 0.0100% / 8h	2h 19m	$2.3M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$110.51
Price spread: −0.107% → −0.058%: −$4.88
Slippage, 4 orders: −$15.65
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$148.04
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 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 Hyperliquid live order book, 4 min ago	0.44 bp	9.0 bp −$9	14.2 bp −$142	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	1.33 bp	7.5 bp −$7	18.2 bp −$182	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	−0.0193%	1h	11.278	−0.195%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0113%	8h	11.284	−0.143%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0088%	1h	11.280	−0.173%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.260	−0.354%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.292	−0.068%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.282	−0.159%	$16K	—	150x	as long as short
Extended AVAX-USD	+0.0048%	1h	11.280	−0.173%	$672K	$2.2M	25x	as long as short
Gate AVAX_USDT	+0.0051%	8h	11.281	−0.168%	$12.6M	$40.2M	75x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.279	−0.186%	$914K	$8.2M	50x	as long as short
OKX AVAX-USDT-SWAP	+0.0071%	8h	11.282	−0.159%	$20.0M	$148.6M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0083%	8h	11.276	−0.212%	$30.2M	$4.9M	50x	as long as short
Binance AVAXUSDT	+0.0089%	8h	11.278	−0.193%	$120.9M	$537.8M	75x	as long as short
MEXC AVAX_USDT	+0.0089%	8h	11.282	−0.159%	$55.5M	$110.1M	200x	as long as short
Lighter AVAX	+0.0096%	1h	11.285	−0.131%	$1.3M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.284	−0.142%	$10K	$705K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	11.285	−0.131%	$13K	$766	20x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	11.288	−0.107%	$2.3M	$1.9M	75x
Pacifica AVAX	+0.0100%	1h	11.289	−0.096%	$300K	$121K	10x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.287	−0.115%	$90.1M	$155.4M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.284	−0.142%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.284	−0.142%	$34.8M	$61.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.282	−0.159%	—	$90.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.290	−0.088%	$334K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.323	+0.204%	$358K	$909K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.291	−0.080%	$182K	$683K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.283	−0.150%	$131K	$480K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.291	−0.080%	$203K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.288	−0.103%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.276	−0.212%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.275	−0.217%	$361K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.280	−0.173%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0209%	8h	11.289	−0.097%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.278	−0.191%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.285	−0.132%	$4.6M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.281	−0.165%	$243K	—	120x	as long as short
Hyperliquid AVAXlong	+0.0626%	1h	11.300	long leg	$44.1M	$58.7M	10x