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 0.000%

Price spread now: Phemex against Aster+0.033%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.033%, 7d avg +0.039%

Together, before fees−0.093%+ Points / potential airdropAster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.131	0.0100	pay 0.0100% / 8h	5h 57m	$2.3M	$1.2M	75x
Short	Phemex AVAXUSDT	11.135	0.0100	get 0.0100% / 8h	5h 57m	$29.8M	$5.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → +0.039%: −$0.55
Slippage, 4 orders: −$30.7
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$51.25
Costs to cover: 0.507%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Phemex: live order book, 6 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	2.24 bp	8.8 bp −$9	21.2 bp −$212	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	2.69 bp	17.0 bp −$17	25.6 bp −$256	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	−0.1374%	1h	11.130	−0.012%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.136	+0.042%	$5.2M	$8.0M	25x	as long as short
Nado AVAX-PERP	−0.0023%	1h	11.149	+0.163%	$287K	$460K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.156	+0.218%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.142	+0.099%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.139	+0.067%	$4.3M	$11.6M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.138	+0.058%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.147	+0.141%	$15K	$567K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.159	+0.250%	$13K	$434	20x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.131	long leg	$2.3M	$1.2M	75x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.160	+0.256%	$291K	$113K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.110	−0.192%	$118.6M	$442.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.111	−0.183%	$88.2M	$139.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.110	−0.192%	$20.1M	$120.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.124	−0.066%	$12.1M	$34.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.111	−0.183%	$48.4M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.116	−0.138%	$15.5M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.106	−0.228%	$33.4M	$49.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.111	−0.183%	—	$82.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.128	−0.030%	$356K	$500K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.156	+0.218%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	+0.168%	$352K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.154	+0.204%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.156	+0.222%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.147	+0.141%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.196	+0.582%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.137	+0.051%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.139	+0.064%	$362K	$854K	75x	as long as short
Phemex AVAXUSDTshort	+0.0100%	8h	11.135	+0.033%	$29.8M	$5.6M	50x
Extended AVAX-USD	+0.0104%	1h	11.106	−0.224%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.135	+0.037%	$256K	—	3x	as long as short
Hyperliquid AVAX	+0.0229%	1h	11.136	+0.041%	$43.3M	$44.8M	10x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.157	+0.231%	$904K	$5.6M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.142	+0.098%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.141	+0.083%	$236K	—	120x	as long as short