Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.007%

Price spread now: Aster against Extended+0.112%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$9 on $10k

Price spread, last 7 days−0.166%−$17 · spread now +0.112%, 7d avg +0.048%

Together, before fees−0.081%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$8 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: Aster is 0.064% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AVAX-USD	10.880	0.0104	pay 0.0013% / 1h	48m 39s	$618K	$1.3M	25x
Short	Aster AVAXUSDT	10.892	0.0100	get 0.0100% / 8h	4h 48m	$2.2M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$0.84
Price spread: +0.112% → +0.048%: $6.42
Slippage, 4 orders: −$14.43
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.85
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from Extended: live order book, 3 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 Extended live order book, 3 min ago	1.84 bp	5.2 bp −$5	7.1 bp −$71	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.38 bp	9.6 bp −$10	21.7 bp −$217	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	−0.0169%	8h	10.886	+0.053%	$3.1M	$1.9M	—	as long as short
Polymarket Perps AVAX-USD	−0.0146%	1h	10.878	−0.017%	$60K	$354K	10x	as long as short
Gate AVAX_USDT	−0.0126%	8h	10.884	+0.038%	$14.9M	$24.8M	75x	as long as short
Kraken Futures PF_AVAXUSD	−0.0114%	1h	10.870	−0.087%	$3.8M	$10.4M	50x	as long as short
Bybit AVAXUSDT	−0.0098%	8h	10.889	+0.084%	$84.9M	$128.4M	75x	as long as short
Phemex AVAXUSDT	−0.0014%	8h	10.873	−0.063%	$29.0M	$5.5M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.894	+0.127%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.871	−0.081%	$5.0M	$6.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.864	−0.149%	$24K	—	150x	as long as short
Nado AVAX-PERP	+0.0021%	1h	10.858	−0.205%	$279K	$257K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AVAX-USD	+0.0029%	1h	10.879	−0.008%	$19K	$65K	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.101%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0039%	8h	10.886	+0.057%	$19.3M	$98.0M	50x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.887	+0.066%	$12K	$62	20x	as long as short
MEXC AVAX_USDT	+0.0092%	8h	10.892	+0.112%	$53.8M	$66.7M	200x	as long as short
Binance AVAXUSDT	+0.0093%	8h	10.893	+0.121%	$114.9M	$358.2M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.892	+0.112%	$1.2M	$1.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.889	+0.084%	$24K	$427K	50x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	10.892	+0.112%	$2.2M	$1.2M	75x
Pacifica AVAX	+0.0100%	1h	10.893	+0.119%	$274K	$86K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.886	+0.057%	$14.3M	$18.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.881	+0.011%	$33.2M	$41.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.884	+0.038%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.878	−0.017%	$390K	$565K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.897	+0.158%	$341K	$1.6M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.896	+0.149%	$155K	$680K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.867	−0.118%	$238K	$211K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.910	+0.277%	$12K	$771K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.883	+0.025%	$328K	$897K	75x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	10.880	long leg	$618K	$1.3M	25x
Aevo AVAX-PERP	+0.0104%	1h	10.862	−0.161%	$250K	—	3x	as long as short
Hyperliquid AVAX	+0.0154%	1h	10.898	+0.167%	$36.4M	$33.2M	10x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.877	−0.026%	$849K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0213%	8h	10.865	−0.136%	$4.7M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.877	−0.025%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0464% / S −0.0317%	1h	10.869	−0.102%	$241K	—	120x	as long as short