Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0670%/8h= +73.3% APRpaid last 24h +0.160%

Price spread now: Aster against Injective+0.288%87s7-day average +0.182% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1061.057% of the position

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.331%+$33 on $10k

Price spread, last 3 days (all we have)−1.071%−$107 · spread now +0.288%, 7d avg +0.182%

Together, before fees−0.740%+ Points / potential airdropAster: Stage 5 · farm board−$74 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Aster is 0.106% dearer against Injective than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.182%. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.331% in total (about 17.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AVAX/USDC PERP	11.250	−0.0570	get 0.0071% / 1h	19m 54s	$17K	$151K	12x
Short	Aster AVAXUSDT	11.282	0.0100	get 0.0100% / 8h	1h 19m	$2.3M	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now +0.288%Rate

Funding earned: $140.62
Price spread: +0.288% → +0.182%: $10.59
Slippage, 4 orders: −$97.64
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $45.55
Costs to cover: 1.057%
Break-even: 4.7 days

Slippage from Injective: live order book, 64 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 Injective live order book, 64 min ago	35.37 bp	53.0 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	2.22 bp	8.9 bp −$9	18.0 bp −$180	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 PERPlong	−0.0570%	1h	11.250	long leg	$17K	$151K	12x
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.277	+0.240%	$5.4M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0037%	1h	11.281	+0.276%	$298K	$895K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.285	+0.311%	$104K	$112K	10x	as long as short
Variational Omni AVAX	+0.0001%	8h	11.275	+0.223%	$3.0M	$2.4M	—	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.282	+0.283%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.278	+0.253%	$1.3M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.279	+0.258%	$17K	$688K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.281	+0.274%	$13K	$766	20x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	11.282	+0.288%	$2.3M	$1.8M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.282	+0.285%	$300K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.275	+0.222%	$120.6M	$525.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.275	+0.222%	$89.3M	$157.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.276	+0.231%	$20.3M	$146.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.279	+0.258%	$12.4M	$40.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.276	+0.231%	$52.1M	$100.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.287	+0.329%	$16.1M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.275	+0.222%	$34.2M	$60.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.277	+0.240%	—	$89.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.280	+0.267%	$361K	$570K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.247	−0.024%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.248	−0.018%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.281	+0.276%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.286	+0.320%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.312	+0.549%	$12K	$731K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.277	+0.240%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.281	+0.280%	$365K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.277	+0.240%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.274	+0.212%	$672K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.275	+0.222%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.295	+0.400%	$912K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.288	+0.338%	$5.1M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.277	+0.241%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0407% / S −0.0252%	1h	11.281	+0.277%	$238K	—	120x	as long as short
Kraken Futures PF_AVAXUSD	+0.0627%	1h	11.284	+0.301%	$4.6M	$13.5M	50x	as long as short
Hyperliquid AVAX	+0.0627%	1h	11.295	+0.400%	$43.7M	$56.8M	10x	as long as short