Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Aster against Lighter+0.034%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$250.252% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 7 days+0.076%+$8 · spread now +0.034%, 7d avg +0.004%

Together, before fees+0.217%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$22 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 0.030% dearer against Lighter than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	11.145	0.0096	pay 0.0012% / 1h	11m 35s	$1.2M	$2.9M	10x
Short	Aster AVAXUSDT	11.149	0.0100	get 0.0100% / 8h	5h 11m	$2.3M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0.84
Price spread: +0.034% → +0.004%: $3
Slippage, 4 orders: −$17.17
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.33
Costs to cover: 0.252%
Break-even: 184.7 days

Slippage from Lighter: live order book, 6 min ago; Aster: live order book, 2 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 Lighter live order book, 6 min ago	3.66 bp	4.1 bp −$4	9.7 bp −$97	92.2 bp −$9,215	doesn't fit
Sell Aster live order book, 2 min ago	1.79 bp	8.4 bp −$8	15.8 bp −$158	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	−0.1374%	1h	11.130	−0.135%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.146	+0.009%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0070%	1h	11.154	+0.081%	$287K	$397K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.149	+0.039%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.152	+0.064%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.151	+0.052%	$4.3M	$11.5M	50x	as long as short
Lighter AVAXlong	+0.0096%	1h	11.145	long leg	$1.2M	$2.9M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.153	+0.072%	$16K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.143	−0.015%	$13K	$434	20x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	11.149	+0.034%	$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	11.149	+0.037%	$291K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.153	+0.072%	$119.4M	$430.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.154	+0.081%	$88.6M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.156	+0.099%	$20.3M	$116.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.146	+0.009%	$12.2M	$35.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.146	+0.009%	$49.0M	$79.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.150	+0.045%	$15.8M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.146	+0.009%	$33.6M	$48.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.148	+0.027%	—	$81.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.145	0.000%	$330K	$523K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.196	+0.460%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.177	+0.287%	$355K	$822K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.178	+0.296%	$180K	$675K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.154	+0.081%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.155	+0.090%	$196K	$312K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.180	+0.317%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.148	+0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.152	+0.067%	$365K	$866K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.149	+0.036%	$29.8M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.144	−0.012%	$684K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.149	+0.035%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.160	+0.135%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.161	+0.144%	$896K	$5.4M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.147	+0.014%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.152	+0.059%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0581%	1h	11.165	+0.179%	$43.6M	$42.9M	10x	as long as short