Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0205%/8h= −22.5% APRpaid last 24h −0.171%

Price spread now: Deribit against Bitget+0.062%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.588%−$59 on $10k

Price spread, last 3 days (all we have)−0.256%−$26 · spread now +0.062%, 7d avg +0.008%

Together, before fees−0.844%−$84 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.054% dearer against Bitget than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of +0.008%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	11.254	0.0100	pay 0.0100% / 8h	1h 17m	$34.2M	$60.0M	75x
Short	Deribit AVAX_USDC-PERPETUAL	11.261	−0.0105	pay 0.0013% / 1h	17m 37s	$5.4M	$9.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$43.07
Price spread: +0.062% → +0.008%: $5.38
Slippage, 4 orders: −$11.03
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$67.71
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 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 Bitget live order book, 1 min ago	0.44 bp	9.3 bp −$9	15.1 bp −$151	26.7 bp −$2,675	doesn't fit
Sell Deribit live order book, 1 min ago	2.66 bp	6.2 bp −$6	20.7 bp −$207	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
Injective AVAX/USDC PERP	−0.0570%	1h	11.250	−0.036%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0105%	1h	11.261	+0.062%	$5.4M	$9.2M	25x
Nado AVAX-PERP	−0.0038%	1h	11.252	−0.022%	$297K	$893K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.261	+0.060%	$104K	$112K	10x	as long as short
Variational Omni AVAX	+0.0001%	8h	11.275	+0.187%	$3.0M	$2.4M	—	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.264	+0.088%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.257	+0.028%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.258	+0.036%	$18K	$684K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.254	+0.001%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.259	+0.045%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.259	+0.041%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.259	+0.045%	$120.5M	$524.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.259	+0.044%	$89.2M	$157.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.259	+0.044%	$20.3M	$146.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.255	+0.009%	$12.4M	$40.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.255	+0.009%	$52.1M	$100.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.261	+0.062%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	11.254	long leg	$34.2M	$60.0M	75x
BingX AVAX-USDT	+0.0100%	8h	11.256	+0.018%	—	$89.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.259	+0.044%	$361K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.278	+0.210%	$360K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.290	+0.320%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.266	+0.107%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.272	+0.160%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.293	+0.344%	$12K	$732K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.263	+0.080%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.262	+0.076%	$364K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.258	+0.036%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.251	−0.024%	$672K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.259	+0.049%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.295	+0.364%	$912K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.270	+0.142%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.263	+0.081%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0408% / S −0.0254%	1h	11.264	+0.085%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0622%	1h	11.271	+0.151%	$43.6M	$56.8M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.269	+0.132%	$4.6M	$13.5M	50x	as long as short