Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0203%/8h= −22.3% APRpaid last 24h −0.181%

Price spread now: Deribit against Aster−0.031%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.600%−$60 on $10k

Price spread, last 3 days (all we have)−0.199%−$20 · spread now −0.031%, 7d avg −0.013%

Together, before fees−0.799%+ Points / potential airdropAster: Stage 5 · farm board−$80 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.316	0.0100	pay 0.0100% / 8h	2h 14m	$2.3M	$1.9M	75x
Short	Deribit AVAX_USDC-PERPETUAL	11.313	−0.0103	pay 0.0013% / 1h	14m 15s	$5.4M	$9.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$42.72
Price spread: −0.031% → −0.013%: −$1.75
Slippage, 4 orders: −$12.56
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$72.03
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Deribit: live order book, 5 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, 4 min ago	1.77 bp	8.1 bp −$8	20.2 bp −$202	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	1.33 bp	4.8 bp −$5	24.8 bp −$248	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-PERPETUALshort	−0.0103%	1h	11.313	−0.031%	$5.4M	$9.4M	25x
Variational Omni AVAX	−0.0102%	8h	11.280	−0.322%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0082%	1h	11.309	−0.066%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.250	−0.587%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.313	−0.031%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.315	−0.017%	$16K	—	150x	as long as short
Gate AVAX_USDT	+0.0053%	8h	11.314	−0.022%	$12.7M	$40.3M	75x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.325	+0.075%	$918K	$8.2M	50x	as long as short
OKX AVAX-USDT-SWAP	+0.0080%	8h	11.320	+0.031%	$20.3M	$149.3M	50x	as long as short
MEXC AVAX_USDT	+0.0092%	8h	11.320	+0.031%	$55.5M	$110.2M	200x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0096%	8h	11.320	+0.031%	$121.3M	$537.9M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.315	−0.013%	$1.3M	$3.2M	10x	as long as short
Extended AVAX-USD	+0.0096%	1h	11.311	−0.045%	$676K	$2.2M	25x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.314	−0.022%	$10K	$704K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	11.309	−0.062%	$13K	$766	20x	as long as short
Phemex AVAXUSDT	+0.0098%	8h	11.318	+0.013%	$30.3M	$4.9M	50x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.316	long leg	$2.3M	$1.9M	75x
Pacifica AVAX	+0.0100%	1h	11.313	−0.026%	$301K	$121K	10x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.324	+0.066%	$90.8M	$155.9M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.318	+0.013%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.323	+0.058%	$34.9M	$61.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.323	+0.058%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.323	+0.058%	$339K	$566K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.288	−0.252%	$357K	$909K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.290	−0.234%	$182K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.320	+0.031%	$133K	$482K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.321	+0.040%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.345	+0.256%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.314	−0.022%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.296	−0.181%	$362K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.310	−0.061%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0213%	8h	11.335	+0.164%	$5.1M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.311	−0.047%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.321	+0.044%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.312	−0.037%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0659%	1h	11.335	+0.164%	$44.1M	$58.9M	10x	as long as short