Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.010%

Price spread now: Aster against Extended+0.095%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 7 days−0.059%−$6 · spread now +0.095%, 7d avg +0.044%

Together, before fees+0.021%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$2 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: Aster is 0.051% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AVAX-USD	10.990	0.0104	pay 0.0013% / 1h	50m 17s	$678K	$1.4M	25x
Short	Aster AVAXUSDT	11.001	0.0100	get 0.0100% / 8h	3h 50m	$2.2M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$0.84
Price spread: +0.095% → +0.044%: $5.11
Slippage, 4 orders: −$17.9
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$26.63
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Aster: 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 Extended live order book, 3 min ago	2.73 bp	6.9 bp −$7	9.1 bp −$91	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	3.18 bp	8.8 bp −$9	20.7 bp −$207	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	−0.1421%	1h	10.960	−0.277%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.994	+0.032%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0018%	1h	10.996	+0.050%	$285K	$319K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.002	+0.100%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.995	+0.041%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.997	+0.064%	$4.3M	$11.3M	50x	as long as short
ApeX Omni AVAXUSDT	+0.0084%	1h	11.008	+0.159%	$177K	$671K	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.997	+0.060%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.993	+0.023%	$15K	$458K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.995	+0.046%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDTshort	+0.0100%	8h	11.001	+0.095%	$2.2M	$1.1M	75x
Pacifica AVAX	+0.0100%	1h	10.999	+0.080%	$277K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.996	+0.050%	$116.0M	$428.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.987	−0.032%	$84.0M	$140.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.995	+0.041%	$20.2M	$114.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.993	+0.023%	$12.1M	$32.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.990	−0.004%	$45.9M	$78.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.993	+0.023%	$15.5M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.992	+0.014%	$33.1M	$47.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.992	+0.014%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.002	+0.105%	$370K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.001	+0.092%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.010	+0.176%	$345K	$891K	10x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.993	+0.023%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.002	+0.105%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.024	+0.304%	$12K	$720K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.995	+0.041%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.993	+0.028%	$366K	$791K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.001	+0.096%	$29.4M	$5.8M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	10.990	long leg	$678K	$1.4M	25x
Aevo AVAX-PERP	+0.0104%	1h	10.993	+0.028%	$253K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.000	+0.087%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.005	+0.132%	$896K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.984	−0.056%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0377%	1h	11.005	+0.132%	$42.7M	$41.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.997	+0.059%	$233K	—	120x	as long as short