Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1474%/8h= +161.4% APRpaid last 24h +0.216%

Price spread now: Aster against Injective+0.798%7-day average +0.194% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$1011.012% of the position

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.398%+$40 on $10k

Price spread, last 4 days (all we have)−1.342%−$134 · spread now +0.798%, 7d avg +0.194%

Together, before fees−0.944%+ Points / potential airdropAster: Stage 5 · farm board−$94 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$44 a day on $10k at the current rate, and Aster is 0.605% dearer against Injective than usual: you sell high and buy low: +$60 more if the spread goes back to its 7-day average of +0.194%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.398% in total (about 20.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AVAX/USDC PERP	11.080	−0.1374	get 0.0172% / 1h	33m 08s	$17K	$151K	12x
Short	Aster AVAXUSDT	11.168	0.0100	get 0.0100% / 8h	5h 33m	$2.3M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now +0.798%Rate

Funding earned: $309.58
Price spread: +0.798% → +0.194%: $60.45
Slippage, 4 orders: −$93.15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $268.87
Costs to cover: 1.012%
Break-even: 0.9 days

Slippage from Injective: live order book, 31 min ago; Aster: live order book, 5 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 Injective live order book, 31 min ago	31.40 bp	52.9 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.80 bp	8.6 bp −$9	19.4 bp −$194	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 PERPlong	−0.1374%	1h	11.080	long leg	$17K	$151K	12x
Nado AVAX-PERP	−0.0079%	1h	11.162	+0.740%	$287K	$448K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.155	+0.675%	$103K	$87K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.169	+0.803%	$5.2M	$7.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.168	+0.793%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.172	+0.830%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.170	+0.810%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.165	+0.767%	$15K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.161	+0.733%	$13K	$434	20x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	11.168	+0.798%	$2.3M	$1.2M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.162	+0.744%	$291K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.173	+0.839%	$119.2M	$433.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.175	+0.857%	$88.7M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.179	+0.894%	$20.1M	$117.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.165	+0.767%	$12.2M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.173	+0.839%	$48.0M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.173	+0.839%	$15.7M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.173	+0.839%	$33.5M	$48.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.174	+0.848%	—	$81.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.176	+0.866%	$357K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.138	+0.526%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.139	+0.534%	$357K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.136	+0.505%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.168	+0.794%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.175	+0.857%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.195	+1.042%	$12K	$700K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.169	+0.803%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.162	+0.736%	$365K	$871K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.171	+0.821%	$29.9M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.166	+0.775%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.168	+0.798%	$257K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.174	+0.848%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.177	+0.875%	$901K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.165	+0.768%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.168	+0.792%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0478%	1h	11.182	+0.921%	$43.5M	$43.1M	10x	as long as short