Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.114%

Price spread now: Deribit against Bitget−0.093%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.606%−$61 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.093%, 7d avg +0.003%

Together, before fees−0.664%−$66 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.096% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	10.729	0.0100	pay 0.0100% / 8h	2h 11m	$32.4M	$49.4M	75x
Short	Deribit AVAX_USDC-PERPETUAL	10.719	0	get 0.0000% / 1h	11m 48s	$4.8M	$7.6M	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 −0.093%Rate

Funding earned: −$21
Price spread: −0.093% → +0.003%: −$9.63
Slippage, 4 orders: −$14.41
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$64.04
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago	0.47 bp	11.3 bp −$11	16.8 bp −$168	32.2 bp −$3,224	doesn't fit
Sell Deribit live order book, 2 min ago	0.93 bp	8.6 bp −$9	110.8 bp −$1,108	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	−0.1423%	1h	10.760	+0.289%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.727	−0.022%	$4.2M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0078%	1h	10.709	−0.191%	$284K	$341K	10x	as long as short
Variational Omni AVAX	−0.0034%	8h	10.610	−1.111%	$2.8M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.717	−0.111%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUALshort	0.0000%	1h	10.719	−0.093%	$4.8M	$7.6M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.711	−0.165%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0028%	8h	10.728	−0.009%	$12.5M	$33.0M	75x	as long as short
Bybit AVAXUSDT	+0.0068%	8h	10.727	−0.019%	$80.8M	$147.4M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.722	−0.068%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.707	−0.205%	$19K	$435K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.719	−0.090%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.738	+0.084%	$37.8M	$44.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.728	−0.005%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.719	−0.089%	$268K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.728	−0.007%	$114.7M	$433.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.730	+0.009%	$19.0M	$114.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.730	+0.009%	$45.3M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.724	−0.047%	$13.2M	$22.9M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	10.729	long leg	$32.4M	$49.4M	75x
BingX AVAX-USDT	+0.0100%	8h	10.728	−0.009%	—	$54.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.724	−0.047%	$428K	$588K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.639	−0.839%	$343K	$988K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.649	−0.746%	$172K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.714	−0.140%	$136K	$356K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.717	−0.112%	$217K	$338K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.735	+0.052%	$11K	$764K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.721	−0.075%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.722	−0.070%	$348K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.718	−0.103%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.724	−0.042%	$643K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.712	−0.162%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.725	−0.037%	$931K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.722	−0.065%	$4.7M	$5.8M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.707	−0.202%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.710	−0.173%	$226K	—	120x	as long as short