Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h −0.180%

Price spread now: Deribit against BingX0.000%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.598%−$60 on $10k

Price spread, last 3 days (all we have)−0.254%−$25 · spread now 0.000%, 7d avg +0.007%

Together, before fees−0.852%−$85 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDC	11.367	0.0100	pay 0.0100% / 8h	2h 07m	—	$6.5M	—
Short	Deribit AVAX_USDC-PERPETUAL	11.367	−0.0014	pay 0.0002% / 1h	7m 24s	$5.4M	$9.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BingX. 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 BingXbpFee DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$23.91
Price spread: 0.000% → +0.007%: −$0.68
Slippage, 4 orders: −$20.36
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$61.95
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; Deribit: live order book, 2 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 BingX live order book, 14 min ago	0.89 bp	12.0 bp −$12	31.8 bp −$318	85.0 bp −$8,497	375.2 bp −$187.6K
Sell Deribit live order book, 2 min ago	2.65 bp	7.9 bp −$8	22.9 bp −$229	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
Variational Omni AVAX	−0.0092%	8h	11.306	−0.535%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0081%	1h	11.373	+0.057%	$300K	$958K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.320	−0.413%	$17K	$152K	12x	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0014%	1h	11.367	0.000%	$5.4M	$9.4M	25x
dYdX AVAX-USD	0.0000%	1h	11.369	+0.020%	$100K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.370	+0.022%	$16K	—	150x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.339	−0.246%	$995K	$8.4M	50x	as long as short
Gate AVAX_USDT	+0.0067%	8h	11.369	+0.018%	$12.7M	$40.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0090%	8h	11.368	+0.009%	$20.4M	$149.9M	50x	as long as short
Phemex AVAXUSDT	+0.0095%	8h	11.366	−0.009%	$30.4M	$4.9M	50x	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	11.368	+0.010%	$1.3M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.373	+0.053%	$13K	$704K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.371	+0.038%	$13K	$766	20x	as long as short
MEXC AVAX_USDT	+0.0099%	8h	11.367	0.000%	$55.8M	$110.5M	200x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.376	+0.078%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.375	+0.074%	$302K	$121K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.366	−0.008%	$122.0M	$536.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.370	+0.026%	$91.1M	$156.0M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.376	+0.079%	$16.5M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.367	0.000%	$35.0M	$61.1M	75x	as long as short
BingX AVAX-USDClong	+0.0100%	8h	11.367	long leg	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.339	−0.246%	$339K	$561K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.320	−0.415%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.325	−0.369%	$183K	$682K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.372	+0.044%	$135K	$484K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.374	+0.062%	$205K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.399	+0.277%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.365	−0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.368	+0.012%	$365K	$1.1M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.364	−0.029%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.361	−0.055%	$261K	—	3x	as long as short
BloFin AVAX-USDT	+0.0218%	8h	11.320	−0.413%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.366	−0.005%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0253%	1h	11.368	+0.009%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.369	+0.018%	$245K	—	120x	as long as short
Hyperliquid AVAX	+0.0683%	1h	11.382	+0.132%	$44.2M	$58.5M	10x	as long as short