Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0295%/8h= +32.3% APRpaid last 24h +0.167%

Price spread now: Binance against Deribit+0.071%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs+$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.577%+$58 on $10k

Price spread, last 3 days (all we have)+0.127%+$13 · spread now +0.071%, 7d avg +0.024%

Together, before fees+0.704%+$70 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Binance is 0.047% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.222	−0.0195	get 0.0024% / 1h	56m 32s	$5.3M	$9.0M	25x
Short	Binance AVAXUSDT	11.230	0.0100	get 0.0100% / 8h	56m 32s	$120.1M	$521.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now +0.071%Rate

Funding earned: $62.03
Price spread: +0.071% → +0.024%: $4.71
Slippage, 4 orders: −$10.7
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $39.05
Costs to cover: 0.277%
Break-even: 2.6 days

Slippage from Deribit: live order book, 3 min ago; Binance: live order book, 2 min ago.

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 Deribit live order book, 3 min ago	1.33 bp	7.5 bp −$7	17.6 bp −$176	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.44 bp	8.0 bp −$8	13.5 bp −$135	41.3 bp −$4,129	137.3 bp −$68.7K

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	−0.1451%	1h	11.190	−0.285%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0195%	1h	11.222	long leg	$5.3M	$9.0M	25x
Nado AVAX-PERP	−0.0053%	1h	11.229	+0.067%	$296K	$892K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.226	+0.033%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.226	+0.036%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0036%	8h	11.226	+0.036%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.226	+0.033%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.230	+0.071%	$18K	$687K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.224	+0.022%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.230	+0.067%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.228	+0.053%	$298K	$120K	10x	as long as short
Binance AVAXUSDTshort	+0.0100%	8h	11.230	+0.071%	$120.1M	$521.6M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.230	+0.071%	$89.4M	$156.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.231	+0.080%	$20.2M	$145.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.228	+0.053%	$12.5M	$39.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.227	+0.045%	$51.1M	$92.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.233	+0.098%	$15.7M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.228	+0.053%	$34.2M	$59.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.226	+0.036%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.225	+0.027%	$359K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.229	+0.062%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.237	+0.134%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.230	+0.071%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.234	+0.107%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.260	+0.335%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.225	+0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.229	+0.067%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.225	+0.027%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.227	+0.048%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.226	+0.035%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.221	−0.009%	$5.0M	$7.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.226	+0.035%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.231	+0.076%	$4.6M	$13.4M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.239	+0.151%	$916K	$8.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0415% / S −0.0265%	1h	11.225	+0.026%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0730%	1h	11.244	+0.196%	$43.5M	$56.7M	10x	as long as short