Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.155%

Price spread now: OKX against Deribit−0.009%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs+$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.549%+$55 on $10k

Price spread, last 3 days (all we have)+0.145%+$14 · spread now −0.009%, 7d avg −0.011%

Together, before fees+0.694%+$69 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.227	−0.0017	get 0.0002% / 1h	58m 46s	$5.3M	$8.9M	25x
Short	OKX AVAX-USDT-SWAP	11.226	0.0100	get 0.0100% / 8h	7h 58m	$20.3M	$143.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $24.6
Price spread: −0.009% → −0.011%: $0.2
Slippage, 4 orders: −$13.55
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$5.75
Costs to cover: 0.305%
Break-even: 8.6 days

Slippage from Deribit: live order book, just now; OKX: live order book, 5 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, just now	1.78 bp	7.3 bp −$7	17.0 bp −$170	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.44 bp	9.0 bp −$9	15.2 bp −$152	46.7 bp −$4,671	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	−0.1363%	1h	11.180	−0.419%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0301%	1h	11.227	+0.004%	$296K	$877K	10x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0017%	1h	11.227	long leg	$5.3M	$8.9M	25x
dYdX AVAX-USD	0.0000%	1h	11.231	+0.033%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.229	+0.018%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.218	−0.082%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.233	+0.053%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.227	−0.003%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.227	0.000%	$2.3M	$1.7M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.233	+0.053%	$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	11.229	+0.018%	$120.3M	$510.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.229	+0.018%	$89.5M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	11.226	−0.009%	$20.3M	$143.0M	50x
Gate AVAX_USDT	+0.0100%	8h	11.226	−0.009%	$12.5M	$37.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.227	0.000%	$50.0M	$87.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.232	+0.045%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.228	+0.009%	$34.2M	$57.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.229	+0.018%	—	$86.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.228	+0.009%	$359K	$564K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.228	+0.009%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.230	+0.024%	$362K	$873K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.234	+0.062%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.230	+0.027%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.236	+0.080%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.263	+0.322%	$12K	$736K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.228	+0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.226	−0.004%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.226	−0.009%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.227	−0.002%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.227	+0.004%	$258K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.233	+0.054%	$4.6M	$12.9M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.225	−0.018%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.225	−0.018%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.235	+0.071%	$917K	$7.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0434% / S −0.0258%	1h	11.228	+0.009%	$251K	—	120x	as long as short
Hyperliquid AVAX	+0.0651%	1h	11.247	+0.177%	$43.8M	$55.0M	10x	as long as short