Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%

Price spread now: Aster against Popdex+0.018%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on Popdex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.018%, 7d avg −0.020%

Together, before fees+0.028%+ Points / potential airdropAster: Stage 5 · farm board+$3 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 0.038% dearer against Popdex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	10.992	0.0096	pay 0.0012% / 1h	2m 37s	$15K	$549K	50x
Short	Aster AVAXUSDT	10.994	0.0100	get 0.0100% / 8h	4h 02m	$2.2M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Popdex. 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 PopdexbpFee AsterbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0.84
Price spread: +0.018% → −0.020%: $3.84
Slippage, 4 orders: −$15.23
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$24.95
Costs to cover: 0.296%
Break-even: 214.9 days

Slippage from Popdex: live order book, 56 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 Popdex live order book, 56 min ago	2.24 bp	6.2 bp −$6	15.6 bp −$156	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	1.82 bp	7.9 bp −$8	16.2 bp −$162	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	−0.1423%	1h	10.950	−0.382%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.994	+0.018%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0010%	1h	10.990	−0.014%	$285K	$372K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.990	−0.015%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.995	+0.027%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	10.991	−0.013%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDTlong	+0.0096%	1h	10.992	long leg	$15K	$549K	50x
Paradex AVAX-USD-PERP	+0.0100%	8h	10.990	−0.016%	$12K	$434	20x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	10.994	+0.018%	$2.2M	$1.1M	75x
Pacifica AVAX	+0.0100%	1h	10.993	+0.006%	$277K	$129K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	10.991	−0.009%	$115.8M	$429.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.991	−0.009%	$85.0M	$139.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.998	+0.055%	$20.2M	$114.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.990	−0.018%	$12.0M	$34.7M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.990	−0.018%	$46.1M	$78.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.995	+0.027%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.993	+0.009%	$32.9M	$47.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.991	−0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.995	+0.027%	$368K	$549K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.996	+0.033%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.994	+0.017%	$344K	$883K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.998	+0.055%	$177K	$669K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.997	+0.045%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.001	+0.082%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.025	+0.300%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.995	+0.027%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.986	−0.050%	$366K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.997	+0.045%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.987	−0.046%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.992	−0.005%	$252K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	10.997	+0.043%	$4.2M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.991	−0.009%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.004	+0.109%	$891K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.994	+0.016%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.996	+0.033%	$233K	—	120x	as long as short
Hyperliquid AVAX	+0.0465%	1h	11.003	+0.100%	$42.7M	$41.9M	10x	as long as short