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 +0.163%

Price spread now: Bitget against Deribit+0.027%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs+$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.590%+$59 on $10k

Price spread, last 3 days (all we have)+0.124%+$12 · spread now +0.027%, 7d avg −0.008%

Together, before fees+0.714%+$71 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.034% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.232	−0.0106	get 0.0013% / 1h	31m 21s	$5.3M	$8.9M	25x
Short	Bitget AVAXUSDT	11.235	0.0100	get 0.0100% / 8h	31m 21s	$34.2M	$58.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.027%Rate

Funding earned: $43.26
Price spread: +0.027% → −0.008%: $3.43
Slippage, 4 orders: −$10.78
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $16.9
Costs to cover: 0.298%
Break-even: 4.3 days

Slippage from Deribit: live order book, 3 min ago; Bitget: live order book, 3 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	0.89 bp	7.1 bp −$7	1191.5 bp −$11.9K	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.44 bp	7.4 bp −$7	13.7 bp −$137	29.5 bp −$2,948	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	−0.1451%	1h	11.190	−0.374%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0106%	1h	11.232	long leg	$5.3M	$8.9M	25x
Nado AVAX-PERP	−0.0092%	1h	11.233	+0.013%	$296K	$881K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.236	+0.034%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.239	+0.064%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0080%	8h	11.235	+0.029%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.236	+0.035%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.238	+0.053%	$19K	$670K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.233	+0.013%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.239	+0.059%	$2.3M	$1.7M	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	11.236	+0.040%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.237	+0.045%	$120.2M	$513.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.237	+0.045%	$89.4M	$155.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.234	+0.018%	$20.2M	$143.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.237	+0.045%	$12.5M	$40.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.237	+0.045%	$51.6M	$93.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.244	+0.107%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	11.235	+0.027%	$34.2M	$58.1M	75x
BingX AVAX-USDT	+0.0100%	8h	11.236	+0.036%	—	$86.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.235	+0.027%	$359K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.236	+0.034%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.238	+0.053%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.239	+0.062%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.245	+0.116%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.263	+0.273%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.234	+0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.233	+0.013%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.235	+0.027%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.231	−0.013%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.232	0.000%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.236	+0.036%	$5.0M	$7.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.235	+0.028%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.239	+0.058%	$4.6M	$13.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.245	+0.116%	$914K	$7.9M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0424% / S −0.0279%	1h	11.238	+0.053%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0811%	1h	11.257	+0.223%	$43.7M	$55.1M	10x	as long as short