Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0206%/8h= +22.6% APRpaid last 24h +0.164%

Price spread now: BingX against Deribit+0.036%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs+$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Deribit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.600%+$60 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BingX is 0.036% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread 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	Deribit AVAX_USDC-PERPETUAL	11.229	−0.0106	get 0.0013% / 1h	3m 17s	$5.3M	$8.9M	25x
Short	BingX AVAX-USDT	11.233	0.0100	get 0.0100% / 8h	3m 17s	—	$86.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $43.28
Price spread: +0.036% → 0.000%: $3.56
Slippage, 4 orders: −$7.38
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $22.47
Costs to cover: 0.244%
Break-even: 3.4 days

Slippage from Deribit: live order book, 1 min ago; BingX: live order book, 11 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, 1 min ago	0.89 bp	6.7 bp −$7	18.9 bp −$189	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	0.89 bp	5.9 bp −$6	6.3 bp −$63	8.5 bp −$851	18.0 bp −$9,022

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	11.180	−0.436%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0106%	1h	11.229	long leg	$5.3M	$8.9M	25x
Nado AVAX-PERP	−0.0097%	1h	11.236	+0.058%	$296K	$877K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.238	+0.078%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.234	+0.045%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.233	+0.036%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.232	+0.027%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.232	+0.023%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.233	+0.040%	$2.3M	$1.7M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.237	+0.073%	$298K	$118K	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	11.231	+0.018%	$120.3M	$510.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.233	+0.036%	$89.6M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.231	+0.018%	$20.3M	$143.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.232	+0.027%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.232	+0.027%	$50.0M	$93.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.237	+0.071%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.233	+0.036%	$34.3M	$57.7M	75x	as long as short
BingX AVAX-USDTshort	+0.0100%	8h	11.233	+0.036%	—	$86.6M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.240	+0.098%	$359K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.226	−0.027%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.228	−0.009%	$362K	$873K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.230	+0.009%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.234	+0.045%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.240	+0.098%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.268	+0.347%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.229	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.232	+0.022%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.228	−0.009%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.227	−0.014%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.227	−0.016%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.225	−0.036%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.230	+0.013%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.236	+0.062%	$4.6M	$13.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.245	+0.142%	$918K	$7.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0433% / S −0.0255%	1h	11.232	+0.030%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0761%	1h	11.250	+0.187%	$43.9M	$55.0M	10x	as long as short