Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0130%/8h= +14.2% APRpaid last 24h +0.151%

Price spread now: Hyperliquid against Variational Omni+0.042%7-day average +0.060% · you sell dearer than you buy

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

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.250%+$25 on $10k

Price spread, last 7 days−0.015%−$1 · spread now +0.042%, 7d avg +0.060%

Together, before fees+0.235%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	10.718	−0.0030	get 0.0030% / 8h	2h 00m	$2.8M	$2.1M	—
Short	Hyperliquid AVAX	10.722	0.0100	get 0.0013% / 1h	0m 48s	$37.6M	$44.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.042%Rate

Funding earned: $27.28
Price spread: +0.042% → +0.060%: −$1.86
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $16.43
Costs to cover: 0.090%
Break-even: 2.8 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Hyperliquid: live order book, 13 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	3.21 bp	doesn't fit	15.1 bp −$151	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 13 min ago	0.93 bp	7.0 bp −$7	10.9 bp −$109	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	+0.396%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.726	+0.077%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0104%	1h	10.721	+0.037%	$287K	$340K	10x	as long as short
Variational Omni AVAXlong	−0.0030%	8h	10.718	long leg	$2.8M	$2.1M	—
dYdX AVAX-USD	0.0000%	1h	10.725	+0.073%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.723	+0.051%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.722	+0.038%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0039%	8h	10.717	−0.005%	$12.6M	$33.3M	75x	as long as short
Bybit AVAXUSDT	+0.0085%	8h	10.713	−0.042%	$82.1M	$149.0M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.721	+0.030%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.719	+0.014%	$23K	$436K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.718	+0.004%	$12K	$212	20x	as long as short
Hyperliquid AVAXshort	+0.0100%	1h	10.722	+0.042%	$37.6M	$44.7M	10x
Aster AVAXUSDT	+0.0100%	8h	10.721	+0.032%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.722	+0.046%	$268K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.715	−0.021%	$114.1M	$432.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.708	−0.089%	$18.8M	$114.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.722	+0.042%	$45.5M	$81.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.722	+0.042%	$13.3M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.712	−0.051%	$32.5M	$49.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.717	−0.005%	—	$54.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.723	+0.051%	$428K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.719	+0.014%	$345K	$1.0M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.743	+0.238%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.722	+0.042%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.728	+0.098%	$231K	$351K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.751	+0.311%	$11K	$767K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.721	+0.032%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.717	0.000%	$343K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.722	+0.042%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.715	−0.021%	$615K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.718	+0.004%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.738	+0.191%	$934K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.722	+0.042%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.718	+0.006%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.722	+0.042%	$227K	—	120x	as long as short