Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Aster against Phemex+0.050%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$480.479% of the position

Long on Phemex 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 4 days (all we have)+0.048%+$5 · spread now +0.050%, 7d avg −0.033%

Together, before fees+0.050%+ Points / potential airdropAster: Stage 5 · farm board+$5 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 0.083% dearer against Phemex than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVAXUSDT	10.898	0.0100	pay 0.0100% / 8h	3h 11m	$29.1M	$5.7M	50x
Short	Aster AVAXUSDT	10.903	0.0100	get 0.0100% / 8h	3h 11m	$2.2M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → −0.033%: $8.3
Slippage, 4 orders: −$27.94
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.64
Costs to cover: 0.479%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Aster: live order book, 1 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 Phemex live order book, 2 min ago	2.75 bp	16.1 bp −$16	22.6 bp −$226	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	1.83 bp	7.7 bp −$8	16.4 bp −$164	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	−0.1421%	1h	10.880	−0.165%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0025%	1h	10.904	+0.055%	$5.0M	$7.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.910	+0.106%	$95K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.907	+0.083%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.902	+0.040%	$4.2M	$11.0M	50x	as long as short
Nado AVAX-PERP	+0.0026%	1h	10.899	+0.014%	$283K	$308K	10x	as long as short
Gate AVAX_USDT	+0.0068%	8h	10.890	−0.073%	$12.3M	$32.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.903	+0.046%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.905	+0.064%	$8K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	10.903	+0.050%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDTshort	+0.0100%	8h	10.903	+0.050%	$2.2M	$1.1M	75x
Pacifica AVAX	+0.0100%	1h	10.910	+0.108%	$275K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.891	−0.061%	$114.3M	$416.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.886	−0.110%	$82.4M	$137.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.888	−0.092%	$19.7M	$109.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.892	−0.055%	$45.5M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.899	+0.009%	$15.0M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.889	−0.083%	$32.8M	$46.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.890	−0.073%	—	$54.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.896	−0.018%	$370K	$546K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.912	+0.125%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.914	+0.151%	$343K	$953K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.927	+0.266%	$175K	$665K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.902	+0.037%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.910	+0.110%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.933	+0.325%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.903	+0.046%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.938	+0.371%	$359K	$770K	75x	as long as short
Phemex AVAXUSDTlong	+0.0100%	8h	10.898	long leg	$29.1M	$5.7M	50x
Extended AVAX-USD	+0.0104%	1h	10.886	−0.112%	$674K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.905	+0.060%	$250K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.903	+0.046%	$4.8M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.908	+0.092%	$888K	$4.8M	50x	as long as short
Hyperliquid AVAX	+0.0234%	1h	10.910	+0.110%	$41.8M	$40.3M	10x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.897	−0.007%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0445% / S −0.0279%	1h	10.906	+0.073%	$237K	—	120x	as long as short