Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: Pacifica against Aster−0.106%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.106%, 7d avg +0.014%

Together, before fees+0.142%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board+$14 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: Pacifica is 0.120% cheaper against Aster than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.118	0.0100	pay 0.0100% / 8h	6h 25m	$2.3M	$1.4M	75x
Short	Pacifica AVAX	11.106	0.0100	get 0.0013% / 1h	25m 39s	$295K	$107K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → +0.014%: −$12
Slippage, 4 orders: −$20.98
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$48.98
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Pacifica: live order book, 43 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	1.80 bp	7.4 bp −$7	18.0 bp −$180	doesn't fit	doesn't fit
Sell Pacifica live order book, 43 min ago	4.91 bp	12.5 bp −$12	22.8 bp −$228	doesn't fit	doesn't fit

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	−0.342%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0046%	1h	11.121	+0.026%	$286K	$508K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.123	+0.044%	$5.2M	$8.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.100	−0.161%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.124	+0.053%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0045%	8h	11.101	−0.153%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.109	−0.079%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.121	+0.026%	$15K	$595K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.111	−0.067%	$13K	$434	20x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.118	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 AVAXshort	+0.0100%	1h	11.106	−0.106%	$295K	$107K	10x
Binance AVAXUSDT	+0.0100%	8h	11.106	−0.112%	$118.4M	$460.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.109	−0.082%	$88.6M	$143.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.111	−0.064%	$19.9M	$123.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.108	−0.090%	$48.8M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.115	−0.028%	$15.5M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.106	−0.108%	$33.4M	$51.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.110	−0.073%	—	$83.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.128	+0.089%	$356K	$535K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.122	+0.032%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.106	−0.108%	$354K	$810K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.110	−0.073%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.126	+0.071%	$131K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.130	+0.107%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.150	+0.292%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.124	+0.053%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.124	+0.058%	$361K	$938K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.126	+0.071%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.105	−0.117%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.119	+0.005%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.122	+0.033%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.127	+0.084%	$4.3M	$11.9M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.137	+0.170%	$904K	$5.9M	50x	as long as short
Hyperliquid AVAX	+0.0401%	1h	11.123	+0.044%	$43.2M	$47.1M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.124	+0.053%	$236K	—	120x	as long as short