Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0132%/8h= +14.4% APRpaid last 24h +0.041%

Price spread now: SoDEX against Variational Omni−0.099%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.099% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.099% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.5 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	10.728	−0.0032	get 0.0032% / 8h	2h 07m	$2.8M	$2.1M	—
Short	SoDEX AVAX-USD	10.717	0.0100	get 0.0013% / 1h	7m 03s	$18K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.099%Rate

Funding earned: $27.65
Price spread: −0.099% → 0.000%: −$9.9
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $9.75
Costs to cover: 0.080%
Break-even: 4.5 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; SoDEX: no order-book sample. 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, 2 min ago	3.22 bp	doesn't fit	18.3 bp −$183	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1423%	1h	10.760	+0.302%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.722	−0.052%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0091%	1h	10.713	−0.132%	$284K	$340K	10x	as long as short
Variational Omni AVAXlong	−0.0032%	8h	10.728	long leg	$2.8M	$2.1M	—
dYdX AVAX-USD	0.0000%	1h	10.719	−0.081%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.720	−0.071%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.720	−0.071%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0039%	8h	10.718	−0.090%	$12.4M	$33.1M	75x	as long as short
Bybit AVAXUSDT	+0.0079%	8h	10.710	−0.164%	$80.5M	$147.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.717	−0.095%	$1.2M	$2.6M	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	10.720	−0.071%	$19K	$431K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.717	−0.097%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.720	−0.067%	$37.6M	$44.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.716	−0.109%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.722	−0.052%	$268K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.711	−0.151%	$114.3M	$433.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.711	−0.155%	$18.8M	$114.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.712	−0.146%	$45.9M	$81.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.715	−0.118%	$13.1M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.716	−0.108%	$32.5M	$49.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.711	−0.155%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.715	−0.118%	$428K	$588K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.738	+0.095%	$346K	$988K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.742	+0.134%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.721	−0.062%	$136K	$356K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.726	−0.015%	$217K	$338K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.747	+0.180%	$12K	$767K	20x	as long as short
SoDEX AVAX-USDshort	+0.0100%	1h	10.717	−0.099%	$18K	$72K	10x
HTX AVAX-USDT	+0.0100%	8h	10.720	−0.076%	$343K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.717	−0.099%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.713	−0.134%	$615K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.716	−0.113%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.724	−0.034%	$934K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.719	−0.080%	$4.6M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.715	−0.115%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.719	−0.078%	$227K	—	120x	as long as short