Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.022%

Price spread now: dYdX against Aster−0.098%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$331as in the Funding arb table

Net, price: spread back to 7d avg − costs−$324as in the Price arb table

costs, in and out, $10k−$3143.141% of the position

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.098%, 7d avg +0.003%

Together, before fees−0.089%+ Points / potential airdropAster: Stage 5 · farm board−$9 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 dYdX is 0.101% cheaper against Aster 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	Aster AVAXUSDT	11.260	0.0100	pay 0.0100% / 8h	1h 42m	$2.3M	$1.9M	75x
Short	dYdX AVAX-USD	11.249	0	get 0.0000% / 1h	42m 39s	$99K	$107K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Aster. 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 AsterbpFee dYdXbpOrdersPrice spread, now −0.098%Rate

Funding earned: −$21
Price spread: −0.098% → +0.003%: −$10.07
Slippage, 4 orders: −$296.05
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$345.12
Costs to cover: 3.141%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; dYdX: live order book, 41 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 Aster live order book, 1 min ago	2.66 bp	9.9 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit
Sell dYdX live order book, 41 min ago	142.74 bp	147.7 bp −$148	153.7 bp −$1,537	191.3 bp −$19.1K	231.6 bp −$115.8K

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	−0.0570%	1h	11.190	−0.620%	$17K	$151K	12x	as long as short
Variational Omni AVAX	−0.0033%	8h	11.187	−0.643%	$2.9M	$2.4M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0017%	1h	11.251	−0.079%	$5.3M	$9.2M	25x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	11.249	−0.098%	$99K	$107K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.252	−0.070%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0015%	1h	11.252	−0.065%	$297K	$912K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.250	−0.087%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.253	−0.061%	$15K	$694K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.245	−0.133%	$13K	$766	20x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.260	long leg	$2.3M	$1.9M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.254	−0.055%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.251	−0.081%	$120.4M	$527.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.246	−0.123%	$88.0M	$157.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.246	−0.123%	$20.3M	$146.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.257	−0.025%	$12.6M	$40.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.249	−0.096%	$52.2M	$99.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.261	+0.010%	$16.2M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.246	−0.123%	$34.2M	$60.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.246	−0.123%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.257	−0.025%	$359K	$578K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.227	−0.295%	$355K	$886K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.230	−0.265%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.256	−0.034%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.259	−0.007%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.283	+0.208%	$12K	$729K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.254	−0.052%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.252	−0.065%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.257	−0.025%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.256	−0.036%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.252	−0.070%	$258K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.254	−0.052%	$907K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.256	−0.034%	$5.1M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.252	−0.073%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.251	−0.080%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0530%	1h	11.275	+0.135%	$43.6M	$57.9M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.261	+0.014%	$4.6M	$13.6M	50x	as long as short