Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: Orderly against Aster+0.024%7-day average +0.053% · you sell dearer than you buy

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

Long on Aster Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now +0.024%, 7d avg +0.053%

Together, before fees−0.042%+ Points / potential airdropAster: Stage 5 · farm board−$4 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: Orderly is 0.029% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.100	0.0100	pay 0.0100% / 8h	6h 20m	$2.3M	$1.4M	75x
Short	Orderly PERP_AVAX_USDC	11.103	0.0100	get 0.0100% / 8h	6h 20m	$195K	$313K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → +0.053%: −$2.93
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$16.93
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; Orderly: no order-book sample. 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 Aster live order book, 2 min ago	1.35 bp	8.5 bp −$8	17.7 bp −$177	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AVAX on 35 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	−0.183%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.096	−0.039%	$5.2M	$8.2M	25x	as long as short
Nado AVAX-PERP	−0.0045%	1h	11.100	+0.002%	$286K	$500K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.110	+0.087%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.100	−0.002%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0053%	8h	11.091	−0.084%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.098	−0.021%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.102	+0.015%	$15K	$583K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.102	+0.017%	$13K	$434	20x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.100	long leg	$2.3M	$1.4M	75x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.108	+0.065%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.090	−0.093%	$118.3M	$456.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.092	−0.075%	$88.4M	$142.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.087	−0.120%	$19.9M	$122.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.090	−0.093%	$48.6M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.098	−0.021%	$15.5M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.084	−0.147%	$33.3M	$50.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.092	−0.075%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.096	−0.039%	$355K	$533K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.095	−0.044%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.112	+0.105%	$355K	$810K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.116	+0.141%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.106	+0.051%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.103	+0.024%	$195K	$313K	20x
SunX AVAX-USDT	+0.0100%	8h	11.134	+0.301%	$12K	$714K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.098	−0.021%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.098	−0.025%	$360K	$871K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.098	−0.021%	$29.6M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.088	−0.111%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.092	−0.073%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.102	+0.012%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.101	+0.005%	$4.3M	$11.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.121	+0.186%	$904K	$5.8M	50x	as long as short
Hyperliquid AVAX	+0.0391%	1h	11.108	+0.072%	$43.2M	$45.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.099	−0.015%	$236K	—	120x	as long as short