Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.049%

Price spread now: dYdX against BloFin+0.029%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$365as in the Funding arb table

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

costs, in and out, $10k−$3283.277% of the position

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.375%−$38 on $10k

Price spread, last 4 days (all we have)+0.461%+$46 · spread now +0.029%, 7d avg −0.009%

Together, before fees+0.085%+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.038% dearer against BloFin than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.009%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AVAX-USDT	10.767	0.0220	pay 0.0220% / 8h	7h 48m	$4.6M	$5.4M	100x
Short	dYdX AVAX-USD	10.770	0	get 0.0000% / 1h	48m 34s	$92K	$111K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$46.2
Price spread: +0.029% → −0.009%: $3.77
Slippage, 4 orders: −$305.66
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$370.09
Costs to cover: 3.277%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; dYdX: live order book, 50 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 BloFin live order book, 5 min ago	1.39 bp	7.9 bp −$8	11.0 bp −$110	29.8 bp −$2,985	86.0 bp −$43.0K
Sell dYdX live order book, 50 min ago	148.19 bp	153.2 bp −$153	153.2 bp −$1,532	181.4 bp −$18.1K	463.0 bp −$231.5K

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	−0.0295%	1h	10.778	+0.107%	$281K	$331K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0265%	1h	10.769	+0.014%	$3.7M	$11.6M	50x	as long as short
Phemex AVAXUSDT	−0.0103%	8h	10.763	−0.037%	$28.7M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0077%	8h	10.764	−0.030%	$3.0M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0029%	1h	10.766	−0.009%	$4.9M	$6.8M	25x	as long as short
Gate AVAX_USDT	−0.0004%	8h	10.764	−0.028%	$13.6M	$28.6M	75x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	10.770	+0.029%	$92K	$111K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.771	+0.033%	$12K	—	150x	as long as short
SoDEX AVAX-USD	+0.0013%	1h	10.764	−0.028%	$18K	$68K	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.065%	$17K	$151K	12x	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	+0.0093%	8h	10.762	−0.047%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.767	0.000%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.773	+0.056%	$28K	$463K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.779	+0.111%	$36.9M	$40.1M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.773	+0.053%	$2.4M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.768	+0.011%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.776	+0.084%	$114.0M	$398.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.779	+0.111%	$84.2M	$139.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.781	+0.130%	$19.0M	$107.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.764	−0.028%	$53.0M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.768	+0.009%	$13.9M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.777	+0.093%	$32.8M	$45.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.767	0.000%	—	$53.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.768	+0.009%	$438K	$531K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.778	+0.102%	$340K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.782	+0.139%	$174K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.778	+0.102%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.773	+0.056%	$233K	$248K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.795	+0.263%	$12K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.768	+0.005%	$332K	$868K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.760	−0.067%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.762	−0.050%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.782	+0.139%	$849K	$5.2M	50x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	10.767	long leg	$4.6M	$5.4M	100x
Reya AVAXRUSDPERP	+0.0245%	1h	10.776	+0.087%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.771	+0.033%	$227K	—	120x	as long as short