Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.029%

Price spread now: SoDEX against Variational Omni+0.119%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.119% dearer against Variational Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	11.145	0.0100	pay 0.0100% / 8h	7h 26m	$2.9M	$2.3M	—
Short	SoDEX AVAX-USD	11.158	0.0100	get 0.0013% / 1h	26m 59s	$19K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → 0.000%: $11.87
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $3.87
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; SoDEX: no order-book sample. 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, 2 min ago	3.19 bp	doesn't fit	10.2 bp −$102	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1363%	1h	11.090	−0.491%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0047%	1h	11.154	+0.087%	$292K	$830K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.152	+0.064%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.159	+0.128%	$5.3M	$8.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.162	+0.153%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.160	+0.138%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.162	+0.155%	$17K	$625K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.150	+0.045%	$13K	$476	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.159	+0.132%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.154	+0.085%	$296K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.175	+0.271%	$119.0M	$483.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.181	+0.325%	$89.0M	$148.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.178	+0.298%	$20.0M	$133.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.170	+0.226%	$12.2M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.172	+0.244%	$49.0M	$88.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.167	+0.199%	$15.3M	$23.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.168	+0.208%	$33.9M	$54.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.174	+0.262%	—	$84.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.160	+0.137%	$357K	$551K	15x	as long as short
Variational Omni AVAXlong	+0.0100%	8h	11.145	long leg	$2.9M	$2.3M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.149	+0.036%	$359K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.139	−0.052%	$179K	$689K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.166	+0.190%	$131K	$374K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.167	+0.199%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.192	+0.425%	$12K	$722K	20x	as long as short
SoDEX AVAX-USDshort	+0.0100%	1h	11.158	+0.119%	$19K	$72K	10x
HTX AVAX-USDT	+0.0100%	8h	11.155	+0.096%	$361K	$951K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.160	+0.137%	$29.9M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.165	+0.178%	$670K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.157	+0.111%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.164	+0.176%	$4.3M	$12.6M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.154	+0.083%	$5.0M	$6.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.162	+0.158%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.168	+0.208%	$907K	$6.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.160	+0.139%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0687%	1h	11.176	+0.280%	$43.6M	$51.1M	10x	as long as short