Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: Pacifica against Aster+0.193%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.214%−$21 · spread now +0.193%, 7d avg +0.014%

Together, before fees−0.171%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board−$17 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: Pacifica is 0.179% dearer against Aster than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.129	0.0100	pay 0.0100% / 8h	4h 42m	$2.3M	$1.1M	75x
Short	Pacifica AVAX	11.151	0.0100	get 0.0013% / 1h	42m 54s	$291K	$114K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.193%Rate

Funding earned: $0
Price spread: +0.193% → +0.014%: $17.92
Slippage, 4 orders: −$24.02
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$22.09
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from Aster: live order book, just now; Pacifica: live order book, 15 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, just now	2.25 bp	8.1 bp −$8	18.6 bp −$186	doesn't fit	doesn't fit
Sell Pacifica live order book, 15 min ago	5.39 bp	13.2 bp −$13	23.9 bp −$239	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	11.100	−0.260%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0021%	1h	11.145	+0.144%	$287K	$373K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.122	−0.063%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.147	+0.166%	$98K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.125	−0.035%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.124	−0.040%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.140	+0.099%	$16K	$580K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.145	+0.145%	$13K	$434	20x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.129	long leg	$2.3M	$1.1M	75x
Pacifica AVAXshort	+0.0100%	1h	11.151	+0.193%	$291K	$114K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.125	−0.036%	$118.0M	$427.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.126	−0.027%	$88.4M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.124	−0.045%	$20.3M	$115.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.123	−0.054%	$12.2M	$34.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.124	−0.045%	$47.9M	$77.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.127	−0.018%	$15.7M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.122	−0.063%	$33.4M	$48.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.123	−0.054%	—	$79.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.122	−0.063%	$336K	$520K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.137	+0.076%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	+0.190%	$356K	$835K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.153	+0.216%	$179K	$674K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.139	+0.090%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.129	0.000%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.155	+0.230%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.126	−0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.124	−0.040%	$366K	$835K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.127	−0.018%	$29.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.118	−0.102%	$680K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.121	−0.067%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.126	−0.029%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.123	−0.054%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.133	+0.036%	$890K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.133	+0.037%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.132	+0.026%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0629%	1h	11.138	+0.081%	$43.1M	$42.5M	10x	as long as short