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 +0.055%

Price spread now: Binance against Variational Omni−0.078%7-day average +0.027% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.123%+$12 on $10k

Price spread, last 7 days+0.116%+$12 · spread now −0.078%, 7d avg +0.027%

Together, before fees+0.239%+ Points / potential airdropVariational Omni: Active · farm board+$24 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: Binance is 0.105% cheaper against Variational Omni than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	11.163	0.0100	pay 0.0100% / 8h	7h 18m	$2.9M	$2.2M	—
Short	Binance AVAXUSDT	11.154	0.0100	get 0.0100% / 8h	7h 18m	$119.1M	$478.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → +0.027%: −$10.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$20.46
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; Binance: live order book, 10 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, just now	3.18 bp	doesn't fit	10.1 bp −$101	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.45 bp	6.9 bp −$7	14.3 bp −$143	41.2 bp −$4,123	130.2 bp −$65.1K

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	−0.1363%	1h	11.120	−0.382%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.149	−0.122%	$5.3M	$8.5M	25x	as long as short
Nado AVAX-PERP	−0.0050%	1h	11.162	−0.001%	$293K	$780K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.163	+0.001%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.160	−0.024%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.149	−0.121%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.159	−0.033%	$16K	$612K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.161	−0.011%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.153	−0.083%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.167	+0.039%	$297K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDTshort	+0.0100%	8h	11.154	−0.078%	$119.1M	$478.8M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.154	−0.078%	$88.8M	$148.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.154	−0.078%	$19.9M	$131.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.152	−0.095%	$12.1M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.150	−0.113%	$48.8M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.155	−0.069%	$15.3M	$23.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.153	−0.087%	$33.9M	$53.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.154	−0.078%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.153	−0.087%	$357K	$551K	15x	as long as short
Variational Omni AVAXlong	+0.0100%	8h	11.163	long leg	$2.9M	$2.2M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.159	−0.032%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.163	+0.003%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.166	+0.030%	$131K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.164	+0.012%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.193	+0.270%	$12K	$720K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.148	−0.131%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.156	−0.055%	$361K	$945K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.152	−0.095%	$29.9M	$5.2M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.147	−0.140%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.150	−0.113%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.154	−0.082%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.147	−0.140%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.162	−0.007%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.185	+0.200%	$924K	$6.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.162	−0.007%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0691%	1h	11.169	+0.057%	$43.6M	$49.5M	10x	as long as short