Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.081%

Price spread now: Paradex against Deribit−0.055%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.055% cheaper against Deribit than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 47 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	10.924	0	get 0.0000% / 1h	4m 53s	$5.0M	$6.6M	25x
Short	Paradex AVAX-USD-PERP	10.918	0.0093	get 0.0093% / 8h	5h 04m	$12K	$62	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.055%Rate

Funding earned: $19.61
Price spread: −0.055% → 0.000%: −$5.49
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $3.12
Costs to cover: 0.110%
Break-even: 5.9 days

Slippage unknown: Deribit: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.

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, 2 min ago	0.92 bp	4.4 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AVAX on 36 exchanges

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	−0.0159%	8h	10.914	−0.095%	$3.1M	$2.0M	—	as long as short
Gate AVAX_USDT	−0.0099%	8h	10.921	−0.027%	$14.9M	$26.9M	75x	as long as short
Bybit AVAXUSDT	−0.0072%	8h	10.917	−0.064%	$85.1M	$129.7M	75x	as long as short
Phemex AVAXUSDT	−0.0061%	8h	10.915	−0.082%	$29.1M	$5.5M	50x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.925	+0.007%	$3.8M	$10.7M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.923	−0.008%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUALlong	0.0000%	1h	10.924	long leg	$5.0M	$6.6M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.920	−0.037%	$24K	—	150x	as long as short
Nado AVAX-PERP	+0.0008%	1h	10.918	−0.050%	$279K	$273K	10x	as long as short
Polymarket Perps AVAX-USD	+0.0032%	1h	10.911	−0.119%	$60K	$366K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.501%	$17K	$151K	12x	as long as short
SoDEX AVAX-USD	+0.0054%	1h	10.919	−0.046%	$19K	$65K	10x	as long as short
OKX AVAX-USDT-SWAP	+0.0055%	8h	10.916	−0.073%	$19.4M	$99.9M	50x	as long as short
Paradex AVAX-USD-PERPshort	+0.0093%	8h	10.918	−0.055%	$12K	$62	20x
MEXC AVAX_USDT	+0.0094%	8h	10.920	−0.037%	$53.6M	$70.5M	200x	as long as short
Binance AVAXUSDT	+0.0095%	8h	10.923	−0.009%	$115.0M	$364.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.921	−0.031%	$1.2M	$1.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.916	−0.073%	$25K	$429K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.935	+0.101%	$36.5M	$36.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.917	−0.065%	$2.3M	$1.2M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.926	+0.017%	$275K	$86K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.926	+0.018%	$14.4M	$18.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.917	−0.064%	$33.3M	$42.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.917	−0.064%	—	$38.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.923	−0.009%	$392K	$566K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.895	−0.267%	$342K	$1.6M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.898	−0.238%	$155K	$679K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.920	−0.037%	$236K	$208K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.950	+0.240%	$12K	$773K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.915	−0.078%	$329K	$901K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.909	−0.138%	$621K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.918	−0.060%	$251K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.925	+0.009%	$858K	$5.0M	50x	as long as short
BloFin AVAX-USDT	+0.0215%	8h	10.924	0.000%	$4.7M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.914	−0.095%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0464% / S −0.0317%	1h	10.924	−0.001%	$242K	—	120x	as long as short