Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0245%/8hpaid last 24h +0.189%

Price spread now: Bitget against Deribit+0.036%58s7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs+$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.285% of the position

Long on Deribit Short on Bitget

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)+0.076%+$8 · spread now +0.036%, 7d avg −0.016%

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.052% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.016%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	10.995	−0.0205	get 0.0026% / 1h	7m 18s	$5.2M	$9.7M	25x
Short	Bitget AVAXUSDT	10.999	0.0040	get 0.0040% / 8h	4h 07m	$33.8M	$63.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. 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 DeribitbpFee BitgetbpOrdersPrice spread, now +0.036%Rate

Funding earned: $51.36
Price spread: +0.036% → −0.016%: $5.2
Slippage, 4 orders: −$9.55
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $28
Costs to cover: 0.285%
Break-even: 3.2 days

Slippage from Deribit: live order book, 1 min ago; Bitget: 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 Deribit live order book, 1 min ago	0.91 bp	4.4 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.46 bp	8.1 bp −$8	17.0 bp −$170	33.1 bp −$3,305	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
Nado AVAX-PERP	−0.0294%	1h	11.002	+0.068%	$313K	$960K	10x	as long as short
Variational Omni AVAX	−0.0263%	8h	11.003	+0.077%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0205%	1h	10.995	long leg	$5.2M	$9.7M	25x
Bybit AVAXUSDT	−0.0076%	8h	10.997	+0.018%	$86.4M	$147.6M	75x	as long as short
OKX AVAX-USDT-SWAP	−0.0055%	8h	10.998	+0.027%	$19.2M	$144.4M	50x	as long as short
Gate AVAX_USDT	−0.0040%	8h	10.998	+0.027%	$12.1M	$40.6M	75x	as long as short
Backpack AVAX_USDC_PERP	−0.0026%	1h	11.002	+0.064%	$297K	$538K	15x	as long as short
SoDEX AVAX-USD	−0.0011%	1h	10.994	−0.009%	$18K	$72K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.008	+0.118%	$84K	$151K	10x	as long as short
Coinbase International AVAX-PERP-INTX	0.0000%	1h	11.005	+0.091%	$811K	$8.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.004	+0.085%	$12K	—	150x	as long as short
Extended AVAX-USD	+0.0024%	1h	10.997	+0.021%	$647K	$2.2M	25x	as long as short
Phemex AVAXUSDT	+0.0026%	8h	10.992	−0.027%	$29.4M	$4.8M	50x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.970	−0.227%	$17K	$68K	12x	as long as short
BingX AVAX-USDC	+0.0037%	8h	11.000	+0.045%	—	$6.5M	—	as long as short
MEXC AVAX_USDT	+0.0038%	8h	10.996	+0.009%	$49.5M	$115.1M	200x	as long as short
Binance AVAXUSDT	+0.0039%	8h	10.997	+0.019%	$117.6M	$544.6M	75x	as long as short
Bitget AVAXUSDTshort	+0.0040%	8h	10.999	+0.036%	$33.8M	$63.0M	75x
Aster AVAXUSDT	+0.0052%	8h	10.996	+0.013%	$2.2M	$2.0M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0068%	8h	10.996	+0.008%	$13K	$766	20x	as long as short
Aevo AVAX-PERP	+0.0088%	1h	10.996	+0.014%	$253K	—	3x	as long as short
Lighter AVAX	+0.0096%	1h	10.997	+0.018%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.996	+0.009%	$16K	$723K	50x	as long as short
Pacifica AVAX	+0.0100%	1h	11.003	+0.072%	$297K	$118K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.999	+0.036%	$15.5M	$25.2M	75x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.006	+0.099%	$352K	$833K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.004	+0.082%	$177K	$705K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.998	+0.027%	$114K	$471K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.008	+0.118%	$213K	$332K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.024	+0.267%	$12K	$694K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.996	+0.010%	$350K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0152%	8h	10.995	0.000%	$4.9M	$9.0M	100x	as long as short
Hyperliquid AVAX	+0.0223%	1h	11.014	+0.173%	$41.2M	$59.4M	10x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	10.996	+0.008%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0339%	1h	11.005	+0.088%	$4.6M	$14.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0409% / S −0.0244%	1h	11.004	+0.080%	$237K	—	120x	as long as short