Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.088%

Price spread now: Paradex against Deribit−0.075%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.075% cheaper against Deribit than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	10.933	0	get 0.0000% / 1h	20m 15s	$5.0M	$6.6M	25x
Short	Paradex AVAX-USD-PERP	10.925	0.0099	get 0.0099% / 8h	6h 20m	$12K	$62	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.075%Rate

Funding earned: $20.73
Price spread: −0.075% → 0.000%: −$7.52
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $2.21
Costs to cover: 0.110%
Break-even: 6.3 days

Slippage unknown: Deribit: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.

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	2.29 bp	5.8 bp −$6	104.0 bp −$1,040	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AVAX on 36 exchanges

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
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.933	+0.001%	$3.8M	$11.6M	50x	as long as short
Variational Omni AVAX	−0.0128%	8h	10.917	−0.144%	$3.0M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0082%	8h	10.928	−0.046%	$14.4M	$28.4M	75x	as long as short
Phemex AVAXUSDT	−0.0035%	8h	10.925	−0.073%	$29.1M	$5.5M	50x	as long as short
SoDEX AVAX-USD	−0.0019%	1h	10.928	−0.046%	$19K	$68K	10x	as long as short
Bybit AVAXUSDT	−0.0010%	8h	10.924	−0.082%	$85.2M	$134.6M	75x	as long as short
Nado AVAX-PERP	−0.0004%	1h	10.925	−0.073%	$278K	$309K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.933	−0.002%	$93K	$110K	10x	as long as short
Deribit AVAX_USDC-PERPETUALlong	0.0000%	1h	10.933	long leg	$5.0M	$6.6M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.928	−0.048%	$23K	—	150x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.582%	$17K	$151K	12x	as long as short
Lighter AVAX	+0.0096%	1h	10.930	−0.031%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.929	−0.037%	$20K	$444K	50x	as long as short
Paradex AVAX-USD-PERPshort	+0.0099%	8h	10.925	−0.075%	$12K	$62	20x
Aster AVAXUSDT	+0.0100%	8h	10.929	−0.039%	$2.3M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.929	−0.035%	$275K	$125K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.927	−0.051%	$115.2M	$381.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.925	−0.073%	$19.5M	$105.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.927	−0.055%	$53.1M	$72.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.931	−0.018%	$14.3M	$19.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.929	−0.037%	$33.2M	$44.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.925	−0.073%	—	$52.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.930	−0.027%	$441K	$535K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.915	−0.163%	$346K	$1.4M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.903	−0.274%	$175K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.928	−0.046%	$138K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.934	+0.009%	$236K	$218K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.961	+0.252%	$12K	$778K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.928	−0.050%	$325K	$942K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.924	−0.085%	$619K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.922	−0.101%	$251K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	10.905	−0.256%	$860K	$5.2M	50x	as long as short
Hyperliquid AVAX	+0.0195%	1h	10.946	+0.119%	$36.3M	$39.0M	10x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.920	−0.119%	$4.8M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.923	−0.089%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.929	−0.032%	$231K	—	120x	as long as short