Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: Aster against Pacifica+0.007%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.007%, 7d avg −0.014%

Together, before fees−0.039%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$4 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 0.021% dearer against Pacifica than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	10.724	0.0100	pay 0.0013% / 1h	8m 35s	$269K	$129K	10x
Short	Aster AVAXUSDT	10.725	0.0100	get 0.0100% / 8h	1h 08m	$2.2M	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → −0.014%: $2.12
Slippage, 4 orders: −$17.96
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$31.84
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from Pacifica: live order book, 35 min ago; Aster: live order book, 5 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 Pacifica live order book, 35 min ago	1.87 bp	5.9 bp −$6	15.8 bp −$158	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.86 bp	9.9 bp −$10	19.5 bp −$195	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
Nado AVAX-PERP	−0.0196%	1h	10.722	−0.025%	$282K	$340K	10x	as long as short
Variational Omni AVAX	−0.0059%	8h	10.719	−0.053%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.727	+0.022%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.731	+0.063%	$4.8M	$7.0M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.734	+0.090%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0023%	8h	10.717	−0.067%	$12.9M	$32.5M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.334%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	10.718	−0.056%	$12K	$212	20x	as long as short
SoDEX AVAX-USD	+0.0086%	1h	10.729	+0.045%	$18K	$72K	10x	as long as short
Bybit AVAXUSDT	+0.0091%	8h	10.716	−0.076%	$81.8M	$146.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.719	−0.048%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.729	+0.045%	$20K	$466K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.730	+0.054%	$37.2M	$43.5M	10x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	10.725	+0.007%	$2.2M	$1.0M	75x
Pacifica AVAXlong	+0.0100%	1h	10.724	long leg	$269K	$129K	10x
Binance AVAXUSDT	+0.0100%	8h	10.718	−0.058%	$113.6M	$421.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.715	−0.086%	$18.9M	$111.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.719	−0.048%	$45.3M	$81.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.718	−0.058%	$13.7M	$22.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.717	−0.067%	$32.4M	$48.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.716	−0.076%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.728	+0.035%	$437K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.724	+0.002%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.730	+0.054%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.731	+0.063%	$135K	$353K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.739	+0.138%	$232K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.748	+0.227%	$11K	$768K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.727	+0.031%	$326K	$907K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.730	+0.054%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.712	−0.109%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.729	+0.045%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.729	+0.048%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.734	+0.091%	$854K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.732	+0.073%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.724	−0.004%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.734	+0.088%	$226K	—	120x	as long as short