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 −0.017%

Price spread now: Orderly against Aster+0.021%7-day average +0.049% · you sell dearer than you buy

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

Long on Aster Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.021%, 7d avg +0.049%

Together, before fees−0.047%+ Points / potential airdropAster: Stage 5 · farm board−$5 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: Orderly is 0.028% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	10.683	0.0100	pay 0.0100% / 8h	1h 02m	$2.2M	$1.0M	75x
Short	Orderly PERP_AVAX_USDC	10.685	0.0100	get 0.0100% / 8h	1h 02m	$230K	$255K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.049%: −$2.79
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$16.79
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 1 min ago; Orderly: no order-book sample. 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 Aster live order book, 1 min ago	2.34 bp	8.3 bp −$8	19.5 bp −$195	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado AVAX-PERP	−0.0194%	1h	10.675	−0.072%	$280K	$337K	10x	as long as short
Variational Omni AVAX	−0.0062%	8h	10.713	+0.280%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.678	−0.044%	$4.8M	$6.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.679	−0.031%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.679	−0.036%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0014%	8h	10.677	−0.054%	$12.9M	$32.5M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.723%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0074%	1h	10.677	−0.054%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0083%	8h	10.677	−0.050%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0087%	8h	10.675	−0.072%	$81.5M	$144.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.673	−0.094%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.681	−0.016%	$25K	$474K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.681	−0.016%	$37.1M	$43.6M	10x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	10.683	long leg	$2.2M	$1.0M	75x
Pacifica AVAX	+0.0100%	1h	10.682	−0.004%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.677	−0.054%	$113.0M	$419.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.676	−0.063%	$18.8M	$110.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.678	−0.044%	$45.3M	$81.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.677	−0.054%	$13.6M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.677	−0.054%	$32.3M	$48.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.678	−0.044%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.677	−0.054%	$435K	$558K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.703	+0.191%	$339K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.702	+0.180%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.682	−0.007%	$134K	$347K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	10.685	+0.021%	$230K	$255K	20x
SunX AVAX-USDT	+0.0100%	8h	10.703	+0.190%	$11K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.678	−0.049%	$325K	$886K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.681	−0.016%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.675	−0.072%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.676	−0.062%	$245K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.678	−0.047%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.729	+0.433%	$853K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.675	−0.072%	$4.6M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.672	−0.098%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.678	−0.046%	$225K	—	120x	as long as short