Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: Aster against Pacifica−0.020%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

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

costs, in and out, $10k−$410.406% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.020%, 7d avg −0.013%

Together, before fees−0.015%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.233	0.0100	pay 0.0013% / 1h	1m 10s	$298K	$118K	10x
Short	Aster AVAXUSDT	11.231	0.0100	get 0.0100% / 8h	1m 10s	$2.3M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.013%: −$0.7
Slippage, 4 orders: −$24.63
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$41.34
Costs to cover: 0.406%
Break-even: never at this rate

Slippage from Pacifica: live order book, 12 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 Pacifica live order book, 12 min ago	4.90 bp	8.9 bp −$9	17.6 bp −$176	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	2.67 bp	8.7 bp −$9	18.3 bp −$183	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	−0.1451%	1h	11.180	−0.471%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.231	−0.017%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0097%	1h	11.228	−0.040%	$296K	$877K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.231	−0.020%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.232	−0.008%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.232	−0.008%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.228	−0.044%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.228	−0.044%	$13K	$766	20x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	11.231	−0.020%	$2.3M	$1.7M	75x
Pacifica AVAXlong	+0.0100%	1h	11.233	long leg	$298K	$118K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.232	−0.008%	$120.3M	$510.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.232	−0.008%	$89.5M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.230	−0.026%	$20.3M	$143.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.231	−0.017%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.230	−0.026%	$50.0M	$93.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.237	+0.036%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.232	−0.008%	$34.3M	$57.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.230	−0.026%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.234	+0.009%	$359K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.228	−0.044%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.228	−0.044%	$362K	$873K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.238	+0.045%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.234	+0.009%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.239	+0.054%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.260	+0.241%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.232	−0.008%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.229	−0.040%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.230	−0.026%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.229	−0.032%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.228	−0.044%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.232	−0.008%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.230	−0.027%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.237	+0.037%	$4.6M	$12.9M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.235	+0.018%	$917K	$7.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0433% / S −0.0256%	1h	11.231	−0.020%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0755%	1h	11.250	+0.152%	$43.8M	$55.0M	10x	as long as short