Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.036%

Price spread now: Aster against Coinbase International+0.056%7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$420.425% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.179%−$18 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.056%, 7d avg −0.070%

Together, before fees−0.162%+ Points / potential airdropAster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.126% dearer against Coinbase International than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of −0.070%): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	10.822	0.0208	pay 0.0026% / 1h	28m 21s	$852K	$5.0M	50x
Short	Aster AVAXUSDT	10.828	0.0100	get 0.0100% / 8h	5h 28m	$2.2M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$22.68
Price spread: +0.056% → −0.070%: $12.61
Slippage, 4 orders: −$24.46
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$52.53
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Aster: live order book, 3 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 Coinbase International live order book, 4 min ago	3.23 bp	10.8 bp −$11	16.5 bp −$165	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.85 bp	10.1 bp −$10	21.2 bp −$212	doesn't fit	doesn't fit

AVAX on 36 exchanges

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
Variational Omni AVAX	−0.0150%	8h	10.806	−0.148%	$3.1M	$2.0M	—	as long as short
Gate AVAX_USDT	−0.0103%	8h	10.827	+0.046%	$14.6M	$26.8M	75x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.831	+0.085%	$3.7M	$10.7M	50x	as long as short
Bybit AVAXUSDT	−0.0053%	8h	10.825	+0.028%	$84.4M	$131.0M	75x	as long as short
Phemex AVAXUSDT	−0.0033%	8h	10.825	+0.028%	$28.9M	$5.6M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.824	+0.018%	$92K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.829	+0.065%	$4.9M	$6.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.830	+0.070%	$23K	—	150x	as long as short
Nado AVAX-PERP	+0.0002%	1h	10.825	+0.032%	$277K	$289K	10x	as long as short
SoDEX AVAX-USD	+0.0004%	1h	10.828	+0.055%	$18K	$67K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.573%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0070%	8h	10.824	+0.018%	$19.2M	$100.0M	50x	as long as short
MEXC AVAX_USDT	+0.0090%	8h	10.828	+0.055%	$52.6M	$69.6M	200x	as long as short
Binance AVAXUSDT	+0.0091%	8h	10.830	+0.072%	$113.9M	$369.7M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.822	−0.001%	$1.2M	$1.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.829	+0.065%	$22K	$437K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.822	+0.002%	$12K	$62	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.838	+0.148%	$36.1M	$37.3M	10x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	10.828	+0.056%	$2.2M	$1.3M	75x
Pacifica AVAX	+0.0100%	1h	10.829	+0.065%	$272K	$87K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.830	+0.074%	$14.1M	$18.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.826	+0.037%	$33.1M	$42.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.826	+0.037%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.820	−0.018%	$394K	$566K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.812	−0.093%	$345K	$1.6M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.816	−0.055%	$154K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.826	+0.037%	$62K	$364K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.833	+0.102%	$234K	$208K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.857	+0.326%	$12K	$774K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.822	+0.004%	$324K	$902K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.820	−0.015%	$616K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.823	+0.014%	$249K	—	3x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0208%	1h	10.822	long leg	$852K	$5.0M	50x
BloFin AVAX-USDT	+0.0210%	8h	10.822	0.000%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.823	+0.009%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0464% / S −0.0317%	1h	10.820	−0.020%	$239K	—	120x	as long as short