Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0336%/8h= −36.8% APRpaid last 24h −0.160%

Price spread now: Deribit against Gate−0.099%51s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as 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−$440.439% of the position

Long on Gate Short on Deribit

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)−0.161%−$16 · spread now −0.099%, 7d avg −0.013%

Together, before fees−0.685%−$68 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Deribit is 0.086% cheaper against Gate than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.013%). Swap the legs. The two prices were read 51 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	Gate AVAX_USDT	11.148	0.0048	pay 0.0048% / 8h	2h 48m	$12.4M	$39.5M	75x
Short	Deribit AVAX_USDC-PERPETUAL	11.137	−0.0288	pay 0.0036% / 1h	48m 20s	$5.3M	$9.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now −0.099%Rate

Funding earned: −$70.65
Price spread: −0.099% → −0.013%: −$8.58
Slippage, 4 orders: −$21.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$123.1
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Deribit: live order book, 1 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 Gate live order book, 5 min ago	1.35 bp	14.7 bp −$15	23.0 bp −$230	41.1 bp −$4,109	69.9 bp −$34.9K
Sell Deribit live order book, 1 min ago	2.69 bp	7.0 bp −$7	48.8 bp −$488	doesn't fit	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
Deribit AVAX_USDC-PERPETUALshort	−0.0288%	1h	11.137	−0.099%	$5.3M	$9.4M	25x
Variational Omni AVAX	−0.0185%	8h	11.129	−0.174%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0086%	1h	11.147	−0.009%	$297K	$958K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.431%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0016%	1h	11.134	−0.125%	$662K	$2.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.143	−0.040%	$98K	$127K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.139	−0.081%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0034%	8h	11.136	−0.108%	$84.8M	$149.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0038%	8h	11.135	−0.117%	$19.9M	$146.5M	50x	as long as short
Gate AVAX_USDTlong	+0.0048%	8h	11.148	long leg	$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	+0.0050%	8h	11.131	−0.152%	$29.8M	$4.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.145	−0.027%	$889K	$8.1M	50x	as long as short
MEXC AVAX_USDT	+0.0063%	8h	11.138	−0.090%	$53.9M	$108.6M	200x	as long as short
Binance AVAXUSDT	+0.0065%	8h	11.137	−0.101%	$119.5M	$540.0M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0094%	8h	11.145	−0.025%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.141	−0.062%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.148	0.000%	$13K	$698K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.126	−0.202%	$256K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.145	−0.030%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.146	−0.017%	$296K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.151	+0.027%	$15.8M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.141	−0.063%	$34.3M	$61.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.137	−0.099%	—	$90.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.140	−0.072%	$319K	$550K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.127	−0.187%	$357K	$907K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.130	−0.161%	$179K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.151	+0.027%	$117K	$466K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.143	−0.045%	$200K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.163	+0.132%	$12K	$712K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.135	−0.117%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.124	−0.211%	$356K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0184%	8h	11.136	−0.108%	$5.0M	$8.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.138	−0.087%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0258%	1h	11.144	−0.035%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0364%	1h	11.165	+0.152%	$42.3M	$58.4M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.137	−0.096%	$240K	—	120x	as long as short