Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.068%

Price spread now: Variational Omni against Popdex−0.086%7-day average −0.035% · you buy dearer than you sell

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

Long on Popdex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.139%−$14 on $10k

Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.086%, 7d avg −0.035%

Together, before fees+0.027%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.051% cheaper against Popdex than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	10.580	0.0096	pay 0.0012% / 1h	30m 18s	$19K	$443K	50x
Short	Variational Omni AVAX	10.571	−0.0006	pay 0.0006% / 8h	2h 30m	$2.8M	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Popdex. 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 PopdexbpFee Variational OmnibpOrdersPrice spread, now −0.086%Rate

Funding earned: −$21.45
Price spread: −0.086% → −0.035%: −$5.13
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$32.98
Costs to cover: 0.064%
Break-even: never at this rate

Slippage unknown: Popdex: live order book, 19 min ago; Variational Omni: RFQ quote, 4 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 Popdex live order book, 19 min ago	1.89 bp	7.9 bp −$8	19.2 bp −$192	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.20 bp	doesn't fit	9.3 bp −$93	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	−0.1423%	1h	10.760	+1.701%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0282%	1h	10.596	+0.151%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0046%	1h	10.584	+0.038%	$289K	$338K	10x	as long as short
Variational Omni AVAXshort	−0.0006%	8h	10.571	−0.086%	$2.8M	$2.1M	—
dYdX AVAX-USD	0.0000%	1h	10.584	+0.042%	$88K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.592	+0.113%	$4.7M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.591	+0.108%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0026%	8h	10.591	+0.104%	$12.1M	$32.6M	75x	as long as short
Polymarket Perps AVAX-USD	+0.0076%	1h	10.588	+0.076%	$132K	$355K	10x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.588	+0.076%	$78.3M	$144.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0096%	8h	10.588	+0.072%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.593	+0.123%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDTlong	+0.0096%	1h	10.580	long leg	$19K	$443K	50x
Hyperliquid AVAX	+0.0100%	1h	10.599	+0.180%	$37.8M	$43.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.587	+0.062%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.583	+0.026%	$266K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.594	+0.132%	$112.5M	$430.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.591	+0.104%	$18.6M	$111.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.593	+0.123%	$42.5M	$79.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.588	+0.076%	$13.2M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.589	+0.085%	$31.9M	$49.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.589	+0.085%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.581	+0.009%	$368K	$537K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.607	+0.255%	$336K	$958K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.612	+0.302%	$171K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.596	+0.151%	$168K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.620	+0.383%	$12K	$756K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.591	+0.104%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.578	−0.024%	$344K	$804K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.587	+0.066%	$28.2M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.587	+0.063%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.592	+0.118%	$243K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.587	+0.066%	$830K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.586	+0.057%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.590	+0.094%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0278%	1h	10.593	+0.127%	$229K	—	120x	as long as short