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 +0.052%

Price spread now: OKX against Variational Omni−0.004%7-day average +0.005% · you buy dearer than you sell

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.119%+$12 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.004%, 7d avg +0.005%

Together, before fees+0.148%+ Points / potential airdropVariational Omni: Active · farm board+$15 on $10k · with fees, hour by hour

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 23m	$2.9M	$2.2M	—
Short	OKX AVAX-USDT-SWAP	10.927	0.0100	get 0.0100% / 8h	3h 23m	$19.9M	$112.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → +0.005%: −$0.96
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$10.96
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; OKX: live order book, 5 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, just now	3.20 bp	doesn't fit	13.4 bp −$134	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.46 bp	8.5 bp −$9	18.0 bp −$180	42.5 bp −$4,251	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	10.923	−0.041%	$12.2M	$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	10.931	+0.036%	$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	−0.021%	$114.9M	$425.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.920	−0.068%	$83.0M	$140.4M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	10.927	−0.004%	$19.9M	$112.2M	50x
MEXC AVAX_USDT	+0.0100%	8h	10.925	−0.023%	$45.4M	$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	10.925	−0.023%	$33.0M	$47.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.924	−0.032%	—	$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 AVAXUSDT	+0.0100%	1h	10.943	+0.142%	$176K	$666K	50x	as long as short
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	10.918	−0.087%	$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	+0.0288%	1h	10.940	+0.115%	$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