Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0081%/8h= +8.8% APRpaid last 24h +0.077%

Price spread now: ApeX Omni against Variational Omni+0.232%88s7-day average +0.081% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.142%+$14 on $10k

Price spread, last 3 days (all we have)−0.170%−$17 · spread now +0.232%, 7d avg +0.081%

Together, before fees−0.027%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.151% dearer against Variational Omni than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.081%. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	11.219	0.0019	pay 0.0019% / 8h	1h 05m	$3.0M	$2.4M	—
Short	ApeX Omni AVAXUSDT	11.245	0.0100	get 0.0013% / 1h	5m 58s	$181K	$686K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now +0.232%Rate

Funding earned: $16.97
Price spread: +0.232% → +0.081%: $15.08
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $22.05
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; ApeX Omni: live order book, 12 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 Variational Omni RFQ quote, 3 min ago	3.20 bp	doesn't fit	9.7 bp −$97	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 12 min ago	5.77 bp	13.1 bp −$13	93.2 bp −$932	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 PERP	−0.0570%	1h	11.170	−0.437%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.241	+0.196%	$5.3M	$9.1M	25x	as long as short
Nado AVAX-PERP	−0.0043%	1h	11.246	+0.241%	$297K	$892K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.237	+0.162%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.246	+0.238%	$13K	—	150x	as long as short
Variational Omni AVAXlong	+0.0019%	8h	11.219	long leg	$3.0M	$2.4M	—
Lighter AVAX	+0.0096%	1h	11.240	+0.186%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.247	+0.250%	$17K	$686K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.235	+0.141%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.239	+0.180%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.236	+0.152%	$298K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.218	−0.005%	$120.1M	$524.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.211	−0.071%	$89.1M	$157.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.207	−0.107%	$20.2M	$145.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.242	+0.205%	$12.5M	$40.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.211	−0.071%	$51.2M	$100.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.214	−0.044%	$15.9M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.210	−0.080%	$34.1M	$60.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.231	+0.107%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.234	+0.134%	$359K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.242	+0.201%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.245	+0.232%	$181K	$686K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.252	+0.294%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.251	+0.285%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.281	+0.551%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.241	+0.196%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.242	+0.210%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.239	+0.178%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.206	−0.118%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.268	+0.437%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.259	+0.357%	$912K	$8.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.243	+0.214%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.248	+0.254%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0412% / S −0.0260%	1h	11.245	+0.235%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0587%	1h	11.244	+0.223%	$43.5M	$56.6M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0629%	1h	11.248	+0.260%	$4.6M	$13.5M	50x	as long as short