Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.109%

Price spread now: Deribit against Paradex−0.217%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Deribit

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.217% cheaper against Paradex than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AVAX-USD-PERP	10.709	0.0088	pay 0.0088% / 8h	1h 33m	$12K	$212	20x
Short	Deribit AVAX_USDC-PERPETUAL	10.686	0	get 0.0000% / 1h	33m 46s	$4.8M	$7.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Paradex. 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 ParadexbpFee DeribitbpOrdersPrice spread, now −0.217%Rate

Funding earned: −$18.46
Price spread: −0.217% → 0.000%: −$21.75
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$51.21
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, just now. 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 Paradex no order-book sample	—	—	—	—	—
Sell Deribit live order book, just now	1.40 bp	7.0 bp −$7	38.2 bp −$382	doesn't fit	doesn't fit

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 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
Nado AVAX-PERP	−0.0173%	1h	10.679	−0.283%	$285K	$340K	10x	as long as short
Variational Omni AVAX	−0.0045%	8h	10.676	−0.314%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.705	−0.041%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUALshort	0.0000%	1h	10.686	−0.217%	$4.8M	$7.1M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.687	−0.212%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0029%	8h	10.694	−0.143%	$12.7M	$32.2M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.474%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERPlong	+0.0088%	8h	10.709	long leg	$12K	$212	20x
Bybit AVAXUSDT	+0.0092%	8h	10.706	−0.031%	$81.2M	$146.4M	75x	as long as short
SoDEX AVAX-USD	+0.0096%	1h	10.683	−0.245%	$18K	$72K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.706	−0.033%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.685	−0.227%	$23K	$424K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.706	−0.031%	$37.3M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.703	−0.057%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.709	−0.003%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.708	−0.012%	$113.7M	$425.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.706	−0.031%	$18.8M	$112.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.709	−0.003%	$45.3M	$80.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.697	−0.115%	$13.6M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.706	−0.031%	$32.4M	$48.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.707	−0.021%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.698	−0.105%	$436K	$565K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.701	−0.080%	$340K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.705	−0.040%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.683	−0.245%	$135K	$352K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.692	−0.161%	$230K	$346K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.713	+0.031%	$11K	$765K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.692	−0.162%	$336K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.684	−0.236%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.704	−0.045%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.681	−0.260%	$245K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.690	−0.179%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.694	−0.143%	$930K	$5.0M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.676	−0.311%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.677	−0.303%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.684	−0.235%	$226K	—	120x	as long as short