Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.070%

Price spread now: ApeX Omni against Variational Omni+0.142%73s7-day average +0.082% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.140%+$14 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.142%, 7d avg +0.082%

Together, before fees+0.061%+ Points / potential airdropVariational Omni: Active · farm board+$6 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: ApeX Omni is 0.060% dearer against Variational Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.082%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	10.927	0.0100	pay 0.0100% / 8h	3h 24m	$2.9M	$2.2M	—
Short	ApeX Omni AVAXUSDT	10.943	0.0100	get 0.0013% / 1h	24m 09s	$176K	$666K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now +0.142%Rate

Funding earned: $0
Price spread: +0.142% → +0.082%: $5.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$4.01
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; ApeX Omni: live order book, 29 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 Variational Omni RFQ quote, 5 min ago	3.20 bp	doesn't fit	15.2 bp −$152	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 29 min ago	6.36 bp	15.3 bp −$15	84.2 bp −$842	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	−0.1421%	1h	10.890	−0.343%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0025%	1h	10.925	−0.023%	$5.0M	$7.7M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.927	−0.005%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.927	−0.004%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.928	+0.004%	$4.2M	$11.1M	50x	as long as short
Nado AVAX-PERP	+0.0030%	1h	10.924	−0.036%	$284K	$317K	10x	as long as short
Gate AVAX_USDT	+0.0095%	8h	10.925	−0.023%	$12.1M	$32.4M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.927	−0.003%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.929	+0.014%	$15K	$452K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.927	−0.006%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	10.932	+0.038%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.933	+0.051%	$275K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.925	−0.023%	$114.9M	$425.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.919	−0.078%	$83.0M	$140.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.926	−0.014%	$19.9M	$112.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.924	−0.032%	$45.3M	$78.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.928	+0.005%	$15.2M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.923	−0.041%	$33.0M	$47.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.925	−0.023%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.926	−0.014%	$371K	$547K	15x	as long as short
Variational Omni AVAXlong	+0.0100%	8h	10.927	long leg	$2.9M	$2.2M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.942	+0.136%	$345K	$939K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	10.943	+0.142%	$176K	$666K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.928	+0.005%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.932	+0.041%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.957	+0.275%	$11K	$724K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.925	−0.023%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.925	−0.027%	$363K	$779K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.926	−0.014%	$29.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.920	−0.064%	$675K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.925	−0.027%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.929	+0.014%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.943	+0.142%	$890K	$5.1M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.924	−0.036%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0289%	1h	10.940	+0.113%	$42.0M	$40.2M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0287%	1h	10.927	−0.004%	$234K	—	120x	as long as short