Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.055%

Price spread now: Variational Omni against Deribit+0.017%7-day average −0.029% · you sell dearer than you buy

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

Long on Deribit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.374%+$37 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.017%, 7d avg −0.029%

Together, before fees+0.392%+ Points / potential airdropVariational Omni: Active · farm board+$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.046% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	10.631	−0.0032	get 0.0004% / 1h	34m 07s	$4.8M	$7.5M	25x
Short	Variational Omni AVAX	10.633	0.0008	get 0.0008% / 8h	2h 34m	$2.8M	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpFee Variational OmnibpOrdersPrice spread, now +0.017%Rate

Funding earned: $8.49
Price spread: +0.017% → −0.029%: $4.62
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.11
Costs to cover: 0.070%
Break-even: 2.0 days

Slippage unknown: Deribit: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min ago. 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 Deribit live order book, 5 min ago	0.95 bp	5.1 bp −$5	304.9 bp −$3,049	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	3.22 bp	doesn't fit	11.4 bp −$114	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	+1.213%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0281%	1h	10.633	+0.021%	$4.2M	$11.5M	50x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0032%	1h	10.631	long leg	$4.8M	$7.5M	25x
Nado AVAX-PERP	−0.0025%	1h	10.637	+0.056%	$291K	$338K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.633	+0.022%	$94K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.636	+0.052%	$12K	—	150x	as long as short
Variational Omni AVAXshort	+0.0008%	8h	10.633	+0.017%	$2.8M	$2.1M	—
Gate AVAX_USDT	+0.0033%	8h	10.626	−0.047%	$12.1M	$32.5M	75x	as long as short
Polymarket Perps AVAX-USD	+0.0082%	1h	10.637	+0.056%	$132K	$355K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.629	−0.015%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.637	+0.056%	$18K	$448K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.632	+0.013%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.632	+0.009%	$38.0M	$43.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.635	+0.036%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.638	+0.066%	$267K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.628	−0.033%	$112.9M	$430.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.618	−0.122%	$78.7M	$144.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.625	−0.056%	$18.7M	$112.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.628	−0.028%	$42.4M	$79.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.625	−0.056%	$13.3M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.622	−0.085%	$32.0M	$49.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.622	−0.085%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.625	−0.056%	$370K	$538K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.624	−0.064%	$336K	$957K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.627	−0.038%	$172K	$664K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.634	+0.028%	$168K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.662	+0.295%	$11K	$756K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.629	−0.019%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.629	−0.024%	$343K	$794K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.631	0.000%	$28.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.623	−0.074%	$641K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.627	−0.041%	$244K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.630	−0.009%	$838K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.650	+0.179%	$4.7M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.632	+0.009%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0278%	1h	10.635	+0.038%	$230K	—	120x	as long as short