Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1523%/8h= +166.7% APRpaid last 24h +0.179%

Price spread now: Aster against Injective+0.287%117s7-day average +0.192% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1061.065% of the position

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.374%+$37 on $10k

Price spread, last 3 days (all we have)−1.095%−$109 · spread now +0.287%, 7d avg +0.192%

Together, before fees−0.720%+ Points / potential airdropAster: Stage 5 · farm board−$72 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and Aster is 0.095% dearer against Injective than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.192%. The two prices were read 117 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.374% in total (about 19.5% 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	Injective AVAX/USDC PERP	11.090	−0.1423	get 0.0178% / 1h	31m 27s	$17K	$151K	12x
Short	Aster AVAXUSDT	11.122	0.0100	get 0.0100% / 8h	6h 31m	$2.3M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now +0.287%Rate

Funding earned: $319.77
Price spread: +0.287% → +0.192%: $9.49
Slippage, 4 orders: −$98.44
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $222.81
Costs to cover: 1.065%
Break-even: 2.1 days

Slippage from Injective: live order book, 37 min ago; Aster: live order book, 2 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 Injective live order book, 37 min ago	35.75 bp	53.5 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	2.25 bp	8.2 bp −$8	19.1 bp −$191	doesn't fit	doesn't fit

AVAX on 35 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 PERPlong	−0.1423%	1h	11.090	long leg	$17K	$151K	12x
Nado AVAX-PERP	−0.0046%	1h	11.122	+0.289%	$286K	$517K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.127	+0.334%	$5.2M	$8.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.127	+0.337%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.119	+0.262%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0056%	8h	11.117	+0.243%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.122	+0.289%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.117	+0.243%	$15K	$595K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.124	+0.304%	$13K	$434	20x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	11.122	+0.287%	$2.3M	$1.4M	75x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.127	+0.332%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.118	+0.256%	$118.4M	$467.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.118	+0.252%	$88.5M	$145.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.118	+0.252%	$20.0M	$125.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.120	+0.271%	$48.6M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.124	+0.307%	$15.6M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.115	+0.225%	$33.4M	$51.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.117	+0.243%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.125	+0.316%	$356K	$546K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.119	+0.259%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.117	+0.243%	$350K	$800K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.118	+0.252%	$179K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.122	+0.289%	$131K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.123	+0.298%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.157	+0.601%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.125	+0.316%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.129	+0.347%	$362K	$938K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.127	+0.334%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.116	+0.231%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.130	+0.361%	$256K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.118	+0.251%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.128	+0.345%	$4.3M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.134	+0.397%	$905K	$6.0M	50x	as long as short
Hyperliquid AVAX	+0.0425%	1h	11.133	+0.383%	$43.4M	$47.0M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.132	+0.383%	$236K	—	120x	as long as short