Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0325%/8h= +35.6% APRpaid last 24h +0.184%

Price spread now: BloFin against Deribit+0.044%57s7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs+$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.335% of the position

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.800%+$80 on $10k

Price spread, last 3 days (all we have)−0.004%$0 · spread now +0.044%, 7d avg +0.041%

Together, before fees+0.796%+$80 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.263	−0.0105	get 0.0013% / 1h	52m 12s	$5.3M	$9.0M	25x
Short	BloFin AVAX-USDT	11.268	0.0220	get 0.0220% / 8h	52m 12s	$5.0M	$7.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.044%Rate

Funding earned: $68.25
Price spread: +0.044% → +0.041%: $0.35
Slippage, 4 orders: −$14.47
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $35.14
Costs to cover: 0.335%
Break-even: 3.4 days

Slippage from Deribit: live order book, 2 min ago; BloFin: live order book, 7 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, 2 min ago	1.33 bp	6.2 bp −$6	15.9 bp −$159	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	1.33 bp	8.9 bp −$9	13.8 bp −$138	34.3 bp −$3,429	81.0 bp −$40.5K

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	11.200	−0.559%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0106%	1h	11.272	+0.080%	$297K	$888K	10x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0105%	1h	11.263	long leg	$5.3M	$9.0M	25x
dYdX AVAX-USD	0.0000%	1h	11.284	+0.190%	$104K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.260	−0.028%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0042%	8h	11.222	−0.364%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.266	+0.026%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.266	+0.027%	$18K	$677K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.275	+0.105%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.264	+0.007%	$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	11.282	+0.166%	$300K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.263	+0.004%	$120.4M	$520.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.264	+0.009%	$89.6M	$156.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.265	+0.018%	$20.3M	$145.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.264	+0.009%	$12.3M	$40.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.265	+0.018%	$51.3M	$93.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.265	+0.018%	$15.8M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.266	+0.027%	$34.3M	$59.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.267	+0.036%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.265	+0.018%	$360K	$569K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.253	−0.091%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.225	−0.337%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.269	+0.053%	$134K	$457K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.268	+0.044%	$205K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.292	+0.255%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.265	+0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.254	−0.076%	$364K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.266	+0.027%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.263	−0.002%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.259	−0.032%	$259K	—	3x	as long as short
BloFin AVAX-USDTshort	+0.0220%	8h	11.268	+0.044%	$5.0M	$7.8M	100x
Reya AVAXRUSDPERP	+0.0244%	1h	11.262	−0.013%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0269%	1h	11.271	+0.068%	$4.6M	$13.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.293	+0.266%	$920K	$8.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0417% / S −0.0268%	1h	11.263	−0.004%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0806%	1h	11.284	+0.186%	$43.7M	$55.2M	10x	as long as short