Funding arb · Price arb /

AVAX

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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 +0.017%

Price spread now: Aster against Orderly+0.017%7-day average −0.053% · you sell dearer than you buy

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

Long on Orderly Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.358%+$36 · spread now +0.017%, 7d avg −0.053%

Together, before fees+0.384%+ Points / potential airdropAster: Stage 5 · farm board+$38 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 0.070% dearer against Orderly than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	11.167	0.0100	pay 0.0100% / 8h	5h 10m	$196K	$312K	20x
Short	Aster AVAXUSDT	11.169	0.0100	get 0.0100% / 8h	5h 10m	$2.3M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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 OrderlybpFee AsterbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → −0.053%: $6.95
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$7.05
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aster: live order book, 3 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 Orderly no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	1.79 bp	8.4 bp −$8	15.8 bp −$158	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.331%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0071%	1h	11.144	−0.201%	$287K	$397K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.163	−0.036%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.171	+0.034%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.155	−0.106%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.168	+0.005%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.167	+0.002%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.153	−0.125%	$16K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.167	+0.004%	$13K	$434	20x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	11.169	+0.017%	$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	11.173	+0.054%	$291K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.168	+0.009%	$119.6M	$430.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.164	−0.027%	$88.7M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.173	+0.054%	$20.3M	$117.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.165	−0.018%	$12.2M	$35.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.168	+0.009%	$49.1M	$79.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.172	+0.045%	$15.8M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.171	+0.036%	$33.6M	$48.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.171	+0.036%	—	$81.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.169	+0.018%	$331K	$523K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.144	−0.203%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.177	+0.090%	$355K	$822K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.178	+0.099%	$180K	$675K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.157	−0.090%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	11.167	long leg	$196K	$312K	20x
SunX AVAX-USDT	+0.0100%	8h	11.185	+0.163%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.165	−0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.145	−0.199%	$365K	$866K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.165	−0.018%	$29.8M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.168	+0.006%	$684K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.153	−0.125%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.159	−0.072%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.162	−0.045%	$896K	$5.4M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.153	−0.129%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.153	−0.121%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0589%	1h	11.191	+0.215%	$43.7M	$42.9M	10x	as long as short