Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.089%

Price spread now: Hyperliquid against Aster+0.027%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 7 days+0.034%+$3 · spread now +0.027%, 7d avg +0.063%

Together, before fees+0.087%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$9 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: Hyperliquid is 0.036% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	10.531	0.0100	pay 0.0100% / 8h	2h 23m	$2.1M	$1.1M	75x
Short	Hyperliquid AVAX	10.534	0.0100	get 0.0013% / 1h	23m 12s	$37.7M	$44.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → +0.063%: −$3.65
Slippage, 4 orders: −$12.3
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$32.95
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Hyperliquid: live order book, 10 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, 5 min ago	2.37 bp	8.9 bp −$9	20.7 bp −$207	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.94 bp	6.1 bp −$6	12.6 bp −$126	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	10.760	+2.173%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0283%	1h	10.530	−0.011%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0052%	1h	10.532	+0.012%	$286K	$339K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0035%	1h	10.527	−0.040%	$4.7M	$7.5M	25x	as long as short
Variational Omni AVAX	−0.0017%	8h	10.535	+0.034%	$2.7M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.534	+0.031%	$87K	$117K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.528	−0.028%	$12K	—	150x	as long as short
Backpack AVAX_USDC_PERP	+0.0013%	1h	10.523	−0.078%	$366K	$563K	15x	as long as short
Gate AVAX_USDT	+0.0022%	8h	10.523	−0.078%	$12.2M	$32.7M	75x	as long as short
Bybit AVAXUSDT	+0.0072%	8h	10.520	−0.106%	$77.7M	$145.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVAX-USD	+0.0082%	1h	10.524	−0.068%	$131K	$354K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.525	−0.054%	$1.1M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.529	−0.021%	$18K	$437K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.533	+0.014%	$12K	$212	20x	as long as short
Hyperliquid AVAXshort	+0.0100%	1h	10.534	+0.027%	$37.7M	$44.0M	10x
Aster AVAXUSDTlong	+0.0100%	8h	10.531	long leg	$2.1M	$1.1M	75x
Pacifica AVAX	+0.0100%	1h	10.538	+0.064%	$265K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.534	+0.027%	$112.2M	$431.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.526	−0.049%	$18.5M	$111.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.529	−0.021%	$43.5M	$80.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.523	−0.078%	$13.1M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.526	−0.049%	$31.9M	$49.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.529	−0.021%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.547	+0.150%	$338K	$978K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.559	+0.264%	$170K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.531	−0.002%	$167K	$321K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.559	+0.259%	$11K	$758K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.527	−0.040%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.527	−0.045%	$342K	$804K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.531	−0.002%	$28.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.521	−0.096%	$634K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.525	−0.054%	$242K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.548	+0.160%	$836K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.532	+0.008%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.521	−0.094%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.526	−0.045%	$230K	—	120x	as long as short