Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.067%

Price spread now: Variational Omni against ApeX Omni+0.151%103s7-day average −0.079% · you sell dearer than you buy

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.135%−$13 on $10k

Price spread, last 3 days (all we have)−0.208%−$21 · spread now +0.151%, 7d avg −0.079%

Together, before fees−0.343%+ Points / potential airdropVariational Omni: Active · farm board−$34 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: Variational Omni is 0.230% dearer against ApeX Omni than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.079%. The two prices were read 103 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	ApeX Omni AVAXUSDT	11.128	0.0100	pay 0.0013% / 1h	29m 50s	$179K	$688K	50x
Short	Variational Omni AVAX	11.145	0.0100	get 0.0100% / 8h	7h 29m	$2.9M	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX 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 ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now +0.151%Rate

Funding earned: $0
Price spread: +0.151% → −0.079%: $23.02
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $13.02
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 44 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 ApeX Omni live order book, 44 min ago	6.24 bp	13.8 bp −$14	92.1 bp −$921	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.19 bp	doesn't fit	11.5 bp −$115	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	−0.1363%	1h	11.090	−0.341%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0054%	1h	11.132	+0.036%	$292K	$831K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.132	+0.036%	$5.2M	$8.6M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.127	−0.010%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.132	+0.036%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.134	+0.054%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.133	+0.045%	$17K	$625K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.131	+0.025%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.139	+0.102%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.131	+0.023%	$296K	$106K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.138	+0.090%	$118.7M	$486.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.136	+0.072%	$88.7M	$149.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.136	+0.072%	$19.9M	$133.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.136	+0.072%	$12.1M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.138	+0.090%	$48.8M	$88.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.140	+0.108%	$15.3M	$23.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.137	+0.081%	$33.8M	$54.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.138	+0.090%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.137	+0.081%	$356K	$551K	15x	as long as short
Variational Omni AVAXshort	+0.0100%	8h	11.145	+0.151%	$2.9M	$2.3M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.123	−0.045%	$358K	$851K	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	11.128	long leg	$179K	$688K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.134	+0.054%	$131K	$375K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.140	+0.108%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.156	+0.252%	$12K	$725K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.133	+0.045%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.134	+0.058%	$361K	$951K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.135	+0.063%	$29.9M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.135	+0.060%	$667K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.128	−0.002%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.138	+0.089%	$4.3M	$12.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.140	+0.108%	$5.0M	$6.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.129	+0.012%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.132	+0.036%	$904K	$6.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.133	+0.044%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0683%	1h	11.155	+0.243%	$43.5M	$51.0M	10x	as long as short