Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0424%/8h= +46.4% APRpaid last 24h +0.160%

Price spread now: Gate against Deribit+0.063%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.523%+$52 on $10k

Price spread, last 3 days (all we have)+0.420%+$42 · spread now +0.063%, 7d avg +0.012%

Together, before fees+0.944%+$94 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Gate is 0.051% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.123	−0.0379	get 0.0047% / 1h	49m 47s	$5.3M	$9.4M	25x
Short	Gate AVAX_USDT	11.130	0.0045	get 0.0045% / 8h	2h 49m	$12.4M	$39.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.063%Rate

Funding earned: $89.03
Price spread: +0.063% → +0.012%: $5.12
Slippage, 4 orders: −$21.88
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $50.26
Costs to cover: 0.439%
Break-even: 3.0 days

Slippage from Deribit: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	2.70 bp	7.1 bp −$7	130.3 bp −$1,303	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.35 bp	15.2 bp −$15	25.7 bp −$257	42.5 bp −$4,252	69.9 bp −$35.0K

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
Deribit AVAX_USDC-PERPETUALlong	−0.0379%	1h	11.123	long leg	$5.3M	$9.4M	25x
Variational Omni AVAX	−0.0185%	8h	11.129	+0.050%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0085%	1h	11.128	+0.045%	$296K	$958K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.207%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0016%	1h	11.129	+0.055%	$662K	$2.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.137	+0.130%	$98K	$127K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.124	+0.006%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0028%	8h	11.131	+0.072%	$84.8M	$149.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0034%	8h	11.132	+0.081%	$19.9M	$146.6M	50x	as long as short
Gate AVAX_USDTshort	+0.0045%	8h	11.130	+0.063%	$12.4M	$39.5M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0051%	8h	11.121	−0.018%	$29.8M	$4.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.130	+0.063%	$888K	$8.1M	50x	as long as short
MEXC AVAX_USDT	+0.0063%	8h	11.129	+0.054%	$54.0M	$108.5M	200x	as long as short
Binance AVAXUSDT	+0.0064%	8h	11.131	+0.067%	$119.3M	$540.5M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0094%	8h	11.131	+0.076%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.124	+0.009%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.132	+0.081%	$12K	$702K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.111	−0.103%	$255K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.131	+0.070%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.135	+0.106%	$296K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.132	+0.081%	$15.8M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.129	+0.054%	$34.2M	$61.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.130	+0.063%	—	$90.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.127	+0.036%	$318K	$550K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.188	+0.584%	$361K	$905K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.114	−0.081%	$179K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.134	+0.099%	$117K	$466K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.130	+0.063%	$200K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.155	+0.284%	$12K	$712K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.124	+0.009%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.130	+0.067%	$356K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0184%	8h	11.122	−0.009%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.123	+0.003%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0258%	1h	11.133	+0.087%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0351%	1h	11.147	+0.216%	$42.2M	$58.3M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.122	−0.007%	$240K	—	120x	as long as short