Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.033%

Price spread now: Coinbase International against Aster−0.215%7-day average +0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$390.395% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.182%+$18 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.215%, 7d avg +0.069%

Together, before fees+0.216%+ Points / potential airdropAster: Stage 5 · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.284% cheaper against Aster than usual: you would sell low and buy high (spread −0.215% now, against its 7-day average of +0.069%). If the spread goes back, that is −$28 on $10k: about 7.2 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	Aster AVAXUSDT	11.175	0.0100	pay 0.0100% / 8h	4h 40m	$2.3M	$1.1M	75x
Short	Coinbase International AVAX-PERP-INTX	11.151	0.0232	get 0.0029% / 1h	40m 39s	$891K	$5.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.215%Rate

Funding earned: $27.72
Price spread: −0.215% → +0.069%: −$28.41
Slippage, 4 orders: −$21.46
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$40.14
Costs to cover: 0.395%
Break-even: 17.1 days

Slippage from Aster: live order book, 3 min ago; Coinbase International: 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 Aster live order book, 3 min ago	2.25 bp	8.1 bp −$8	18.6 bp −$186	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	3.14 bp	10.7 bp −$11	15.1 bp −$151	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	−0.1423%	1h	11.080	−0.850%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0027%	1h	11.147	−0.251%	$287K	$373K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.173	−0.015%	$98K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.167	−0.072%	$5.2M	$7.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.164	−0.098%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.178	+0.025%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.156	−0.170%	$16K	$580K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.175	−0.001%	$13K	$434	20x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.175	long leg	$2.3M	$1.1M	75x
Pacifica AVAX	+0.0100%	1h	11.182	+0.058%	$292K	$114K	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	11.180	+0.042%	$118.6M	$427.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.179	+0.036%	$88.8M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.181	+0.054%	$20.4M	$116.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.177	+0.018%	$12.2M	$34.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.179	+0.036%	$48.3M	$77.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.180	+0.045%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.179	+0.036%	$33.5M	$48.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.179	+0.036%	—	$79.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.171	−0.036%	$337K	$520K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.161	−0.122%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	−0.223%	$356K	$835K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.153	−0.197%	$179K	$674K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.160	−0.134%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.175	0.000%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.182	+0.059%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.168	−0.063%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.162	−0.114%	$367K	$835K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.169	−0.054%	$29.8M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.175	+0.001%	$684K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.163	−0.111%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.171	−0.034%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.167	−0.072%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0232%	1h	11.151	−0.215%	$891K	$5.3M	50x
Reya AVAXRUSDPERP	+0.0244%	1h	11.156	−0.169%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.164	−0.099%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0622%	1h	11.190	+0.134%	$43.4M	$42.5M	10x	as long as short