Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Aster against Lighter+0.036%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 7 days+0.074%+$7 · spread now +0.036%, 7d avg +0.004%

Together, before fees+0.215%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.032% dearer against Lighter than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	11.134	0.0096	pay 0.0012% / 1h	43m 56s	$1.2M	$2.9M	10x
Short	Aster AVAXUSDT	11.138	0.0100	get 0.0100% / 8h	5h 43m	$2.3M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0.84
Price spread: +0.036% → +0.004%: $3.23
Slippage, 4 orders: −$15.75
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$19.67
Costs to cover: 0.237%
Break-even: 170.9 days

Slippage from Lighter: live order book, 3 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 Lighter live order book, 3 min ago	2.25 bp	4.0 bp −$4	15.0 bp −$150	87.7 bp −$8,769	doesn't fit
Sell Aster live order book, 4 min ago	1.80 bp	8.5 bp −$8	15.5 bp −$155	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	−0.1374%	1h	11.080	−0.481%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0056%	1h	11.134	+0.004%	$286K	$450K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.131	−0.023%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.136	+0.022%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.132	−0.013%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.137	+0.029%	$4.3M	$11.6M	50x	as long as short
Lighter AVAXlong	+0.0096%	1h	11.134	long leg	$1.2M	$2.9M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.131	−0.023%	$16K	$565K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.137	+0.030%	$13K	$434	20x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	11.138	+0.036%	$2.3M	$1.2M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.137	+0.028%	$290K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.141	+0.066%	$118.9M	$436.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.142	+0.075%	$88.5M	$138.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.142	+0.075%	$20.1M	$118.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.136	+0.022%	$12.2M	$34.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.140	+0.057%	$48.1M	$79.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.140	+0.057%	$15.6M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.140	+0.057%	$33.4M	$48.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.140	+0.057%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.137	+0.031%	$356K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.126	−0.072%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.117	−0.149%	$351K	$799K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.124	−0.086%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.135	+0.013%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.141	+0.066%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.165	+0.286%	$12K	$702K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.135	+0.013%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.123	−0.096%	$361K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.134	+0.004%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.134	0.000%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.123	−0.098%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.132	−0.014%	—	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.147	+0.120%	$901K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.131	−0.026%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0436%	1h	11.153	+0.174%	$43.4M	$43.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.130	−0.031%	$236K	—	120x	as long as short