Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h +0.086%

Price spread now: Variational Omni against Injective+0.482%7-day average +0.139% · you sell dearer than you buy

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

Long on Injective Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.161%+$16 on $10k

Price spread, last 3 days (all we have)−1.316%−$132 · spread now +0.482%, 7d avg +0.139%

Together, before fees−1.155%+ Points / potential airdropVariational Omni: Active · farm board−$115 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.343% dearer against Injective than usual: you sell high and buy low (spread +0.482% now, against its 7-day average of +0.139%): +$34 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 34 days. Mind the row above: over the last 3 days funding on this pair paid +0.161%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AVAX/USDC PERP	11.300	−0.0043	get 0.0005% / 1h	5m 12s	$17K	$152K	12x
Short	Variational Omni AVAX	11.354	−0.0076	pay 0.0076% / 8h	2h 05m	$3.1M	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.482%Rate

Funding earned: −$7.1
Price spread: +0.482% → +0.139%: $34.32
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $27.19
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: live order book, 19 min ago; Variational Omni: RFQ quote, 4 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 Injective live order book, 19 min ago	35.37 bp	53.0 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.18 bp	doesn't fit	14.8 bp −$148	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
Deribit AVAX_USDC-PERPETUAL	−0.0279%	1h	11.327	+0.239%	$5.4M	$9.3M	25x	as long as short
Nado AVAX-PERP	−0.0078%	1h	11.356	+0.496%	$300K	$958K	10x	as long as short
Variational Omni AVAXshort	−0.0076%	8h	11.354	+0.482%	$3.1M	$2.2M	—
Injective AVAX/USDC PERPlong	−0.0043%	1h	11.300	long leg	$17K	$152K	12x
dYdX AVAX-USD	0.0000%	1h	11.362	+0.546%	$100K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.335	+0.307%	$16K	—	150x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.358	+0.513%	$997K	$8.4M	50x	as long as short
Gate AVAX_USDT	+0.0070%	8h	11.316	+0.142%	$12.7M	$40.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0094%	8h	11.316	+0.142%	$20.4M	$149.2M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.318	+0.158%	$1.3M	$3.3M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	11.359	+0.522%	$12K	$704K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.361	+0.538%	$13K	$766	20x	as long as short
Phemex AVAXUSDT	+0.0099%	8h	11.313	+0.115%	$30.3M	$4.9M	50x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.335	+0.314%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.364	+0.566%	$302K	$121K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.313	+0.115%	$121.4M	$536.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.318	+0.159%	$91.1M	$156.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.313	+0.115%	$55.4M	$110.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.319	+0.168%	$16.5M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.315	+0.133%	$34.9M	$61.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.314	+0.124%	—	$90.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.316	+0.142%	$341K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.320	+0.176%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.368	+0.602%	$186K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.351	+0.451%	$135K	$485K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.336	+0.319%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.360	+0.533%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.316	+0.142%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.304	+0.033%	$365K	$1.1M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.324	+0.216%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.321	+0.184%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.311	+0.097%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.342	+0.370%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.320	+0.175%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.333	+0.296%	$245K	—	120x	as long as short
Hyperliquid AVAX	+0.0683%	1h	11.332	+0.283%	$44.0M	$58.6M	10x	as long as short