Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.027%

Price spread now: Extended against Variational Omni+0.049%7-day average −0.046% · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.055%+$6 on $10k

Price spread, last 4 days (all we have)−0.372%−$37 · spread now +0.049%, 7d avg −0.046%

Together, before fees−0.316%+ Points / potential airdropVariational Omni: Active · Extended: 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: Extended is 0.095% dearer against Variational Omni than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.046%.

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 17m	$2.9M	$2.2M	—
Short	Extended AVAX-USD	11.168	0.0104	get 0.0013% / 1h	17m 34s	$671K	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0.84
Price spread: +0.049% → −0.046%: $9.53
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $5.37
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Extended: live order book, 1 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	3.18 bp	doesn't fit	10.1 bp −$101	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.90 bp	4.2 bp −$4	7.2 bp −$72	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	−0.1363%	1h	11.120	−0.382%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0108%	1h	11.167	+0.039%	$5.3M	$8.5M	25x	as long as short
Nado AVAX-PERP	−0.0051%	1h	11.153	−0.082%	$292K	$780K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.174	+0.103%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.166	+0.029%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.172	+0.086%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.171	+0.075%	$15K	$611K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.167	+0.041%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.174	+0.101%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.170	+0.069%	$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 AVAXUSDT	+0.0100%	8h	11.168	+0.046%	$119.2M	$478.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.168	+0.048%	$88.9M	$147.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.170	+0.066%	$20.0M	$131.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.170	+0.066%	$12.2M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.169	+0.057%	$48.7M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.179	+0.146%	$15.4M	$23.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.172	+0.084%	$33.9M	$53.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.169	+0.057%	—	$84.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.178	+0.137%	$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	11.160	−0.024%	$131K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.174	+0.102%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.176	+0.118%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.169	+0.057%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.163	+0.005%	$362K	$945K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.173	+0.093%	$29.9M	$5.2M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.168	+0.049%	$671K	$2.0M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.164	+0.012%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.177	+0.126%	$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	11.155	−0.070%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.155	−0.069%	$921K	$6.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.164	+0.010%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0689%	1h	11.192	+0.263%	$43.7M	$49.5M	10x	as long as short