Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.007%

Price spread now: Aevo against Aster−0.056%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$898as in the Funding arb table

Net, price: spread back to 7d avg − costs−$904as in the Price arb table

costs, in and out, $10k−$9009.002% of the position

Long on Aster Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)−0.389%−$39 · spread now −0.056%, 7d avg −0.015%

Together, before fees−0.362%+ Points / potential airdropAster: Stage 5 · farm board−$36 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 0.041% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	10.783	0.0100	pay 0.0100% / 8h	7h 37m	$2.4M	$1.4M	75x
Short	Aevo AVAX-PERP	10.777	0.0104	get 0.0013% / 1h	37m 55s	$248K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now −0.056%Rate

Funding earned: $0.84
Price spread: −0.056% → −0.015%: −$4.13
Slippage, 4 orders: −$876.18
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$903.47
Costs to cover: 9.002%
Break-even: 7535.9 days

Slippage from Aster: live order book, 6 min ago; Aevo: live order book, 61 min ago.

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 Aster live order book, 6 min ago	2.78 bp	12.6 bp −$13	25.8 bp −$258	doesn't fit	doesn't fit
Sell Aevo live order book, 61 min ago	217.59 bp	444.7 bp −$445	doesn't fit	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
Kraken Futures PF_AVAXUSD	−0.0265%	1h	10.782	−0.009%	$3.7M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0238%	1h	10.774	−0.079%	$280K	$326K	10x	as long as short
Phemex AVAXUSDT	−0.0121%	8h	10.775	−0.070%	$28.7M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0080%	8h	10.771	−0.110%	$3.0M	$2.2M	—	as long as short
SoDEX AVAX-USD	−0.0056%	1h	10.777	−0.051%	$18K	$68K	10x	as long as short
Gate AVAX_USDT	−0.0004%	8h	10.777	−0.051%	$13.8M	$28.8M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.774	−0.081%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.783	+0.004%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.784	+0.011%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.209%	$17K	$151K	12x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0089%	8h	10.766	−0.157%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.778	−0.038%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.774	−0.079%	$22K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.798	+0.143%	$35.9M	$40.2M	10x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	10.783	long leg	$2.4M	$1.4M	75x
Pacifica AVAX	+0.0100%	1h	10.774	−0.079%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.782	−0.001%	$113.7M	$398.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.781	−0.014%	$84.3M	$138.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.782	−0.005%	$19.0M	$107.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.783	+0.004%	$53.2M	$79.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.779	−0.033%	$13.9M	$21.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.785	+0.023%	$33.0M	$45.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.787	+0.041%	—	$53.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.791	+0.078%	$439K	$535K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.781	−0.010%	$344K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.780	−0.024%	$174K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.795	+0.115%	$136K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.784	+0.013%	$233K	$239K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.795	+0.119%	$12K	$774K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.777	−0.047%	$334K	$872K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.778	−0.040%	$612K	$1.4M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	10.777	−0.056%	$248K	—	3x
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.793	+0.097%	$856K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.773	−0.089%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.774	−0.076%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.783	+0.007%	$227K	—	120x	as long as short