AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.008%

Price spread now: dYdX against Backpack+0.003%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2152.152% of the position

Long on Backpack Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now +0.003%, 7d avg −0.016%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVAX_USDC_PERP	10.705	0.0100	pay 0.0013% / 1h	44m 32s	$427K	$561K	15x
Short	dYdX AVAX-USD	10.705	0	get 0.0000% / 1h	44m 32s	$89K	$117K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. 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 BackpackbpFee dYdXbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$21
Price spread: +0.003% → −0.016%: $1.98
Slippage, 4 orders: −$195.22
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$234.24
Costs to cover: 2.152%
Break-even: never at this rate

Slippage from Backpack: live order book, 64 min ago; dYdX: live order book, 64 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 Backpack live order book, 64 min ago	0.47 bp	14.2 bp −$14	49.9 bp −$499	doesn't fit	doesn't fit
Sell dYdX live order book, 64 min ago	92.37 bp	97.4 bp −$97	97.4 bp −$974	182.1 bp −$18.2K	548.2 bp −$274.1K

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	−0.0189%	1h	10.696	−0.084%	$286K	$338K	10x	as long as short
Variational Omni AVAX	−0.0039%	8h	10.678	−0.256%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USDshort	0.0000%	1h	10.705	+0.003%	$89K	$117K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.708	+0.028%	$4.8M	$7.2M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.706	+0.011%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0031%	8h	10.698	−0.065%	$12.7M	$32.1M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.514%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0070%	1h	10.701	−0.037%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0091%	8h	10.700	−0.050%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0094%	8h	10.694	−0.103%	$81.6M	$147.3M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.697	−0.073%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.699	−0.056%	$23K	$428K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.705	0.000%	$37.4M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.699	−0.061%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.701	−0.037%	$269K	$132K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.700	−0.043%	$113.6M	$427.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.692	−0.121%	$18.7M	$112.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.703	−0.019%	$44.7M	$80.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.701	−0.037%	$13.6M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.698	−0.065%	$32.4M	$49.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.699	−0.056%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERPlong	+0.0100%	1h	10.705	long leg	$427K	$561K	15x
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.692	−0.121%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.692	−0.121%	$172K	$664K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.697	−0.075%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.711	+0.056%	$230K	$351K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.715	+0.092%	$12K	$764K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.685	−0.189%	$342K	$873K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.701	−0.037%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.695	−0.092%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.703	−0.020%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.709	+0.038%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.706	+0.009%	$935K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.705	0.000%	$4.7M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.690	−0.142%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.707	+0.017%	$226K	—	120x	as long as short