Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.070%

Price spread now: ApeX Omni against Variational Omni+0.230%73s7-day average +0.082% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.142%+$14 on $10k

Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.230%, 7d avg +0.082%

Together, before fees−0.016%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and ApeX Omni is 0.148% dearer against Variational Omni than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.082%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	10.535	−0.0017	get 0.0017% / 8h	2h 22m	$2.7M	$2.2M	—
Short	ApeX Omni AVAXUSDT	10.559	0.0100	get 0.0013% / 1h	22m 12s	$170K	$662K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.230%Rate

Funding earned: $24.52
Price spread: +0.230% → +0.082%: $14.78
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $29.3
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; ApeX Omni: live order book, 26 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, 2 min ago	3.23 bp	doesn't fit	16.0 bp −$160	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 26 min ago	5.66 bp	13.3 bp −$13	76.0 bp −$760	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	10.760	+2.138%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0283%	1h	10.548	+0.126%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0049%	1h	10.537	+0.016%	$287K	$339K	10x	as long as short
Variational Omni AVAXlong	−0.0017%	8h	10.535	long leg	$2.7M	$2.2M	—
dYdX AVAX-USD	0.0000%	1h	10.528	−0.060%	$87K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.541	+0.059%	$4.7M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.537	+0.024%	$12K	—	150x	as long as short
Backpack AVAX_USDC_PERP	+0.0013%	1h	10.523	−0.112%	$366K	$563K	15x	as long as short
Gate AVAX_USDT	+0.0020%	8h	10.537	+0.021%	$12.2M	$32.7M	75x	as long as short
Bybit AVAXUSDT	+0.0070%	8h	10.538	+0.031%	$77.8M	$145.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVAX-USD	+0.0089%	1h	10.539	+0.040%	$131K	$354K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.542	+0.069%	$1.1M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.540	+0.050%	$18K	$437K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.530	−0.049%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.546	+0.107%	$37.8M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.541	+0.058%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.537	+0.017%	$265K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.547	+0.117%	$112.3M	$430.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.545	+0.097%	$18.5M	$111.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.548	+0.126%	$43.6M	$80.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.541	+0.059%	$13.1M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.540	+0.050%	$32.0M	$49.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.537	+0.021%	—	$54.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.547	+0.116%	$338K	$978K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	10.559	+0.230%	$170K	$662K	50x
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.542	+0.069%	$167K	$300K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.569	+0.330%	$11K	$758K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.543	+0.078%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.550	+0.148%	$343K	$804K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.542	+0.069%	$28.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.538	+0.027%	$634K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.540	+0.047%	$242K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.545	+0.097%	$835K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.532	−0.026%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.536	+0.011%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.536	+0.008%	$230K	—	120x	as long as short