Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0119%/8h= −13.0% APRpaid last 24h −0.136%

Price spread now: Deribit against Paradex+0.046%7-day average — · you sell dearer than you buy

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

The price spread pays, funding is against you. Deribit is 0.046% dearer against Paradex than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AVAX-USD-PERP	11.134	0.0100	pay 0.0100% / 8h	4h 38m	$13K	$434	20x
Short	Deribit AVAX_USDC-PERPETUAL	11.139	−0.0019	pay 0.0002% / 1h	38m 47s	$5.2M	$7.9M	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 +0.046%Rate

Funding earned: −$25.02
Price spread: +0.046% → 0.000%: $4.61
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$31.41
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	0.90 bp	5.2 bp −$5	16.2 bp −$162	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
Injective AVAX/USDC PERP	−0.1423%	1h	11.120	−0.125%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0031%	1h	11.159	+0.226%	$287K	$373K	10x	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0019%	1h	11.139	+0.046%	$5.2M	$7.9M	25x
dYdX AVAX-USD	0.0000%	1h	11.136	+0.018%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.150	+0.147%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.138	+0.033%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.152	+0.163%	$16K	$579K	50x	as long as short
Paradex AVAX-USD-PERPlong	+0.0100%	8h	11.134	long leg	$13K	$434	20x
Aster AVAXUSDT	+0.0100%	8h	11.142	+0.069%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.139	+0.046%	$290K	$114K	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	11.134	+0.002%	$118.2M	$427.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.135	+0.010%	$88.5M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.136	+0.019%	$20.4M	$115.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.142	+0.073%	$12.2M	$34.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.136	+0.019%	$47.9M	$77.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.141	+0.064%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.140	+0.055%	$33.4M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.137	+0.028%	—	$78.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.136	+0.019%	$336K	$520K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.161	+0.248%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.157	+0.205%	$352K	$845K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.154	+0.181%	$179K	$673K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.154	+0.181%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.147	+0.118%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.178	+0.393%	$12K	$705K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.138	+0.037%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.138	+0.037%	$365K	$826K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.138	+0.037%	$29.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.134	+0.003%	$689K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.137	+0.033%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.139	+0.044%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.139	+0.046%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.158	+0.217%	$892K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.149	+0.133%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.150	+0.144%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0604%	1h	11.152	+0.163%	$43.2M	$42.3M	10x	as long as short