Funding arb · Price arb /

AVAX

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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 −0.061%

Price spread now: Variational Omni against BingX−0.076%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.076% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDT	11.164	0.0100	pay 0.0100% / 8h	5h 59m	—	$82.7M	—
Short	Variational Omni AVAX	11.156	0.0100	get 0.0100% / 8h	5h 59m	$2.9M	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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 BingXbpFee Variational OmnibpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → 0.000%: −$7.57
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.57
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 9 min ago; Variational Omni: RFQ quote, 5 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 BingX live order book, 9 min ago	0.45 bp	5.5 bp −$5	6.0 bp −$60	10.0 bp −$1,000	22.1 bp −$11.1K
Sell Variational Omni RFQ quote, 5 min ago	3.19 bp	doesn't fit	12.2 bp −$122	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 PERP	−0.1423%	1h	11.060	−0.932%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0037%	1h	11.152	−0.107%	$287K	$470K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.150	−0.125%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.164	0.000%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.152	−0.105%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.165	+0.006%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.155	−0.081%	$15K	$577K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.167	+0.029%	$13K	$434	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	11.182	+0.161%	$43.4M	$44.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.163	−0.008%	$2.3M	$1.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.167	+0.027%	$291K	$113K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.165	+0.009%	$119.2M	$443.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.170	+0.054%	$88.7M	$140.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.171	+0.063%	$20.2M	$121.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.165	+0.009%	$12.2M	$34.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.167	+0.027%	$48.8M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.170	+0.054%	$15.6M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.169	+0.045%	$33.5M	$49.4M	75x	as long as short
BingX AVAX-USDTlong	+0.0100%	8h	11.164	long leg	—	$82.7M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.156	−0.072%	$357K	$501K	15x	as long as short
Variational Omni AVAXshort	+0.0100%	8h	11.156	−0.076%	$2.9M	$2.2M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	−0.125%	$352K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.150	−0.125%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.157	−0.063%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.159	−0.045%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.181	+0.153%	$12K	$705K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.151	−0.116%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.150	−0.121%	$362K	$854K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.150	−0.125%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.159	−0.042%	$675K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.149	−0.130%	$256K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.150	−0.124%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.156	−0.071%	$4.3M	$11.7M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.159	−0.045%	$905K	$5.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.151	−0.117%	$237K	—	120x	as long as short