Funding arb · Price arb /

AVAX

all AVAX markets

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 +0.062%

Price spread now: Aster against Variational Omni+0.022%7-day average −0.003% · you sell dearer than you buy

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.129%+$13 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.022%, 7d avg −0.003%

Together, before fees+0.113%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board+$11 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 0.025% dearer against Variational Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	11.138	0.0100	pay 0.0100% / 8h	5h 35m	$2.9M	$2.2M	—
Short	Aster AVAXUSDT	11.141	0.0100	get 0.0100% / 8h	5h 35m	$2.3M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.003%: $2.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$5.5
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; 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 Variational Omni RFQ quote, 4 min ago	3.20 bp	doesn't fit	10.5 bp −$105	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.80 bp	8.6 bp −$9	19.4 bp −$194	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	11.100	−0.344%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0072%	1h	11.137	−0.007%	$287K	$448K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.138	−0.003%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.136	−0.023%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.138	−0.004%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.142	+0.031%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.139	+0.010%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.139	+0.006%	$15K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.133	−0.044%	$13K	$434	20x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	11.141	+0.022%	$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	11.134	−0.037%	$290K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.135	−0.032%	$118.8M	$433.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.136	−0.021%	$88.4M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.134	−0.039%	$20.1M	$117.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.139	+0.006%	$12.1M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.141	+0.024%	$47.9M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.143	+0.042%	$15.6M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.133	−0.048%	$33.4M	$48.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.140	+0.015%	—	$81.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.142	+0.033%	$356K	$498K	15x	as long as short
Variational Omni AVAXlong	+0.0100%	8h	11.138	long leg	$2.9M	$2.2M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.123	−0.140%	$357K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.119	−0.174%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.140	+0.015%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.145	+0.060%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.170	+0.281%	$12K	$700K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.140	+0.015%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.134	−0.034%	$365K	$871K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.141	+0.024%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.131	−0.067%	$671K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.133	−0.047%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.139	+0.006%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.144	+0.051%	$900K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.136	−0.024%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.138	−0.007%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0465%	1h	11.156	+0.159%	$43.4M	$43.0M	10x	as long as short