Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0296%/8h= −32.4% APRpaid last 24h −0.158%

Price spread now: Deribit against Binance−0.080%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.578%−$58 on $10k

Price spread, last 3 days (all we have)−0.082%−$8 · spread now −0.080%, 7d avg −0.024%

Together, before fees−0.660%−$66 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Deribit is 0.056% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	11.223	0.0100	pay 0.0100% / 8h	21m 00s	$120.1M	$512.0M	75x
Short	Deribit AVAX_USDC-PERPETUAL	11.214	−0.0196	pay 0.0024% / 1h	21m 00s	$5.3M	$8.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$62.09
Price spread: −0.080% → −0.024%: −$5.58
Slippage, 4 orders: −$9.14
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$93.82
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Deribit: live order book, 3 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 Binance live order book, 8 min ago	0.44 bp	5.9 bp −$6	9.9 bp −$99	35.5 bp −$3,551	127.1 bp −$63.6K
Sell Deribit live order book, 3 min ago	1.34 bp	5.7 bp −$6	14.0 bp −$140	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	−0.1451%	1h	11.190	−0.294%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0196%	1h	11.214	−0.080%	$5.3M	$8.9M	25x
Nado AVAX-PERP	−0.0100%	1h	11.224	+0.013%	$296K	$878K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.228	+0.041%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.215	−0.071%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0088%	8h	11.220	−0.027%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.221	−0.020%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.224	+0.009%	$18K	$667K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.223	+0.001%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.224	+0.006%	$2.3M	$1.7M	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	11.229	+0.053%	$298K	$118K	10x	as long as short
Binance AVAXUSDTlong	+0.0100%	8h	11.223	long leg	$120.1M	$512.0M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.223	0.000%	$89.4M	$154.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.224	+0.009%	$20.3M	$143.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.222	−0.009%	$12.5M	$40.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.224	+0.009%	$50.5M	$93.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.226	+0.027%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.225	+0.018%	$34.2M	$57.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.225	+0.018%	—	$86.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.221	−0.018%	$359K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.225	+0.015%	$351K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.227	+0.036%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.224	+0.009%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.223	0.000%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.243	+0.177%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.216	−0.062%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.225	+0.017%	$363K	$999K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.216	−0.062%	$30.1M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.222	−0.006%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.213	−0.092%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.221	−0.018%	$5.0M	$7.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.218	−0.044%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0271%	1h	11.221	−0.014%	$4.6M	$13.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.223	0.000%	$912K	$7.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0427% / S −0.0284%	1h	11.216	−0.064%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0804%	1h	11.241	+0.160%	$43.7M	$54.9M	10x	as long as short