Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h −0.096%

Price spread now: Deribit against Gate+0.093%51s7-day average −0.017% · 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—prices read too far apart to compare

costs, in and out, $10k−$420.422% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.543%−$54 on $10k

Price spread, last 4 days (all we have)−0.232%−$23 · spread now +0.093%, 7d avg −0.017%

Together, before fees−0.776%−$78 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.110% dearer against Gate than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of −0.017%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.9 days. At the pace of the last 7 days (−0.543% in total) that is about 34 hours. The two prices were read 51 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	Gate AVAX_USDT	10.712	0.0037	pay 0.0037% / 8h	1h 57m	$12.7M	$31.9M	75x
Short	Deribit AVAX_USDC-PERPETUAL	10.722	0	get 0.0000% / 1h	57m 25s	$4.8M	$7.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee DeribitbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$7.77
Price spread: +0.093% → −0.017%: $11.03
Slippage, 4 orders: −$20.21
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$38.95
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from Gate: live order book, 1 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 Gate live order book, 1 min ago	1.40 bp	15.8 bp −$16	25.6 bp −$256	46.3 bp −$4,626	73.8 bp −$36.9K
Sell Deribit live order book, 2 min ago	1.40 bp	6.4 bp −$6	62.4 bp −$624	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
Nado AVAX-PERP	−0.0246%	1h	10.708	−0.037%	$287K	$340K	10x	as long as short
Variational Omni AVAX	−0.0030%	8h	10.718	+0.052%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.726	+0.130%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUALshort	0.0000%	1h	10.722	+0.093%	$4.8M	$7.5M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.718	+0.053%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.448%	$17K	$152K	12x	as long as short
Gate AVAX_USDTlong	+0.0037%	8h	10.712	long leg	$12.7M	$31.9M	75x
Bybit AVAXUSDT	+0.0087%	8h	10.712	0.000%	$82.0M	$149.1M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.719	+0.065%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.713	+0.009%	$23K	$437K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0097%	8h	10.714	+0.020%	$12K	$212	20x	as long as short
SoDEX AVAX-USD	+0.0097%	1h	10.718	+0.056%	$18K	$72K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.726	+0.131%	$37.6M	$44.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.717	+0.042%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.721	+0.084%	$269K	$132K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.719	+0.065%	$114.2M	$432.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.709	−0.028%	$18.8M	$114.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.716	+0.037%	$45.6M	$80.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.713	+0.009%	$13.6M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.712	0.000%	$32.5M	$49.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.715	+0.028%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.723	+0.103%	$428K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.722	+0.092%	$345K	$1.0M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.723	+0.103%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.716	+0.037%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.719	+0.065%	$230K	$351K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.748	+0.337%	$11K	$767K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.719	+0.061%	$343K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.723	+0.103%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.705	−0.066%	$612K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.708	−0.038%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.726	+0.130%	$4.2M	$11.5M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.734	+0.205%	$933K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.715	+0.028%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.713	+0.007%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.718	+0.054%	$227K	—	120x	as long as short