Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.069%

Price spread now: Aevo against Variational Omni−0.133%7-day average +0.037% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.141%+$14 on $10k

Price spread, last 3 days (all we have)+0.180%+$18 · spread now −0.133%, 7d avg +0.037%

Together, before fees+0.320%+ Points / potential airdropVariational Omni: Active · farm board+$32 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: Aevo is 0.170% cheaper against Variational Omni than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	11.127	0.0100	pay 0.0100% / 8h	6h 31m	$2.9M	$2.2M	—
Short	Aevo AVAX-PERP	11.112	0.0104	get 0.0013% / 1h	31m 10s	$255K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now −0.133%Rate

Funding earned: $0.84
Price spread: −0.133% → +0.037%: −$17.02
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$32.18
Costs to cover: 0.160%
Break-even: 275.1 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Aevo: live order book, 38 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 3 min ago	3.19 bp	doesn't fit	12.4 bp −$124	doesn't fit	doesn't fit
Sell Aevo live order book, 38 min ago	193.84 bp	429.0 bp −$429	doesn't fit	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 PERP	−0.1423%	1h	11.090	−0.331%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.115	−0.106%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0046%	1h	11.122	−0.043%	$286K	$517K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.127	+0.005%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.119	−0.069%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0056%	8h	11.116	−0.097%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.116	−0.100%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.117	−0.088%	$15K	$595K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.124	−0.028%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.120	−0.060%	$2.3M	$1.4M	75x	as long as short

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	0.000%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.118	−0.082%	$118.4M	$467.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.119	−0.070%	$88.5M	$145.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.119	−0.070%	$20.0M	$125.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.115	−0.106%	$48.6M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.122	−0.043%	$15.6M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.115	−0.106%	$33.4M	$51.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.118	−0.079%	—	$83.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.118	−0.079%	$355K	$545K	15x	as long as short
Variational Omni AVAXlong	+0.0100%	8h	11.127	long leg	$2.9M	$2.2M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.117	−0.088%	$350K	$800K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.118	−0.079%	$179K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.122	−0.043%	$131K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.123	−0.034%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.145	+0.160%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.116	−0.097%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.112	−0.134%	$361K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.116	−0.097%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.114	−0.114%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	11.112	−0.133%	$255K	—	3x
Reya AVAXRUSDPERP	+0.0244%	1h	11.118	−0.080%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.119	−0.070%	$4.3M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.129	+0.020%	$904K	$5.9M	50x	as long as short
Hyperliquid AVAX	+0.0424%	1h	11.131	+0.038%	$43.4M	$47.0M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.119	−0.072%	$236K	—	120x	as long as short