Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0119%/8h= +13.0% APRpaid last 24h +0.133%

Price spread now: OKX against Deribit0.000%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs+$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.565%+$56 on $10k

Price spread, last 4 days (all we have)+0.483%+$48 · spread now 0.000%, 7d avg −0.010%

Together, before fees+1.048%+$105 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.167	−0.0019	get 0.0002% / 1h	28m 38s	$5.2M	$7.9M	25x
Short	OKX AVAX-USDT-SWAP	11.167	0.0100	get 0.0100% / 8h	5h 28m	$20.1M	$117.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $24.9
Price spread: 0.000% → −0.010%: $0.99
Slippage, 4 orders: −$12.75
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$3.86
Costs to cover: 0.298%
Break-even: 8.1 days

Slippage from Deribit: live order book, just now; OKX: live order book, 5 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, just now	1.79 bp	5.3 bp −$5	18.3 bp −$183	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.45 bp	8.7 bp −$9	18.8 bp −$188	64.9 bp −$6,491	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	−0.1374%	1h	11.120	−0.421%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0081%	1h	11.171	+0.040%	$287K	$448K	10x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0019%	1h	11.167	long leg	$5.2M	$7.9M	25x
dYdX AVAX-USD	0.0000%	1h	11.165	−0.018%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.171	+0.036%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.171	+0.040%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.165	−0.016%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.169	+0.018%	$16K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.165	−0.020%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.172	+0.043%	$2.3M	$1.2M	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	11.169	+0.021%	$291K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.165	−0.018%	$119.3M	$432.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.165	−0.018%	$88.8M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	11.167	0.000%	$20.1M	$117.7M	50x
Gate AVAX_USDT	+0.0100%	8h	11.168	+0.009%	$12.2M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.166	−0.009%	$48.0M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.168	+0.009%	$15.6M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.165	−0.018%	$33.5M	$48.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.167	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.167	0.000%	$357K	$497K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.168	+0.011%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.174	+0.059%	$358K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.179	+0.107%	$180K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.173	+0.054%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.178	+0.099%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.202	+0.311%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.167	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.168	+0.011%	$366K	$870K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.166	−0.009%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.162	−0.041%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.163	−0.039%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.162	−0.045%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.182	+0.134%	$899K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.170	+0.023%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.170	+0.030%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0497%	1h	11.184	+0.152%	$43.5M	$43.1M	10x	as long as short