Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1474%/8h= −161.4% APRpaid last 24h −0.179%

Price spread now: Injective against Aster−0.292%7-day average −0.192% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1011.011% of the position

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.374%−$37 on $10k

Price spread, last 3 days (all we have)+1.099%+$110 · spread now −0.292%, 7d avg −0.192%

Together, before fees+0.725%+ Points / potential airdropAster: Stage 5 · farm board+$72 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and Injective is 0.099% cheaper against Aster than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.192%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.374% in total (about -19.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.163	0.0100	pay 0.0100% / 8h	5h 59m	$2.3M	$1.2M	75x
Short	Injective AVAX/USDC PERP	11.130	−0.1374	pay 0.0172% / 1h	59m 10s	$17K	$151K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.292%Rate

Funding earned: −$309.58
Price spread: −0.292% → −0.192%: −$9.94
Slippage, 4 orders: −$93.07
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$420.62
Costs to cover: 1.011%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Injective: live order book, 5 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, 4 min ago	2.24 bp	8.8 bp −$9	21.2 bp −$212	doesn't fit	doesn't fit
Sell Injective live order book, 5 min ago	31.40 bp	31.4 bp −$31	doesn't fit	doesn't fit	doesn't fit

AVAX on 35 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 PERPshort	−0.1374%	1h	11.130	−0.292%	$17K	$151K	12x
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.159	−0.032%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.164	+0.013%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.159	−0.028%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.165	+0.018%	$4.3M	$11.7M	50x	as long as short
Nado AVAX-PERP	+0.0053%	1h	11.160	−0.023%	$287K	$467K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.160	−0.019%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.160	−0.023%	$15K	$567K	50x	as long as short
Gate AVAX_USDT	+0.0097%	8h	11.162	−0.005%	$12.2M	$34.8M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.167	+0.042%	$13K	$434	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDTlong	+0.0100%	8h	11.163	long leg	$2.3M	$1.2M	75x
Pacifica AVAX	+0.0100%	1h	11.167	+0.040%	$291K	$113K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.162	−0.005%	$119.2M	$442.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.162	−0.005%	$88.6M	$139.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.163	+0.004%	$20.1M	$121.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.163	+0.004%	$48.8M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.164	+0.013%	$15.6M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.160	−0.023%	$33.5M	$49.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.164	+0.013%	—	$82.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.162	−0.005%	$357K	$500K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.156	−0.063%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	−0.113%	$352K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.154	−0.077%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.163	+0.004%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.165	+0.022%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.189	+0.237%	$12K	$705K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.161	−0.014%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.146	−0.144%	$362K	$854K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.158	−0.041%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.157	−0.051%	$675K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.159	−0.027%	$256K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.164	+0.013%	$906K	$5.6M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.158	−0.040%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0314%	1h	11.175	+0.111%	$43.4M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.159	−0.032%	$237K	—	120x	as long as short