Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%

Price spread now: Lighter against Aster−0.116%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 7 days+0.194%+$19 · spread now −0.116%, 7d avg −0.001%

Together, before fees+0.064%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$6 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: Lighter is 0.115% cheaper against Aster than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	10.888	0.0100	pay 0.0100% / 8h	6h 58m	$2.2M	$1.4M	75x
Short	Lighter AVAX	10.876	0.0096	get 0.0012% / 1h	58m 58s	$1.2M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$0.84
Price spread: −0.116% → −0.001%: −$11.45
Slippage, 4 orders: −$28.3
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$48.59
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Lighter: 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, 4 min ago	5.96 bp	11.3 bp −$11	171.7 bp −$1,717	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	4.64 bp	5.9 bp −$6	12.7 bp −$127	103.6 bp −$10.4K	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
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.879	−0.083%	$3.8M	$11.5M	50x	as long as short
Phemex AVAXUSDT	−0.0108%	8h	10.873	−0.139%	$29.0M	$5.6M	50x	as long as short
Variational Omni AVAX	−0.0094%	8h	10.874	−0.125%	$3.0M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0058%	1h	10.873	−0.139%	$19K	$68K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.881	−0.063%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.878	−0.093%	$4.9M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.897	+0.081%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.177%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0036%	8h	10.884	−0.038%	$14.2M	$28.0M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.878	−0.091%	$12K	$62	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAXshort	+0.0096%	1h	10.876	−0.116%	$1.2M	$2.0M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.882	−0.056%	$19K	$474K	50x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.874	−0.125%	$274K	$311K	10x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	10.888	long leg	$2.2M	$1.4M	75x
Pacifica AVAX	+0.0100%	1h	10.890	+0.013%	$274K	$126K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.891	+0.026%	$114.8M	$387.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.890	+0.017%	$84.9M	$135.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.890	+0.017%	$19.4M	$106.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.892	+0.036%	$55.4M	$72.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.884	−0.038%	$14.1M	$19.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.887	−0.010%	$33.2M	$44.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.883	−0.047%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.887	−0.010%	$440K	$527K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.889	+0.008%	$341K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.897	+0.081%	$175K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.886	−0.020%	$137K	$245K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.882	−0.056%	$235K	$221K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.909	+0.192%	$12K	$777K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.883	−0.043%	$336K	$868K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.884	−0.042%	$621K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.873	−0.139%	$250K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	10.885	−0.029%	$857K	$5.3M	50x	as long as short
Hyperliquid AVAX	+0.0198%	1h	10.899	+0.100%	$36.1M	$39.8M	10x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.873	−0.139%	$4.7M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.871	−0.157%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.892	+0.036%	$230K	—	120x	as long as short