Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.004%

Price spread now: dYdX against Bybit+0.391%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$334as in the Funding arb table

Net, price: spread back to 7d avg − costs−$288as in the Price arb table

costs, in and out, $10k−$3243.239% of the position

Long on Bybit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)−0.355%−$36 · spread now +0.391%, 7d avg +0.035%

Together, before fees−0.452%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.356% dearer against Bybit than usual: you sell high and buy low (spread +0.391% now, against its 7-day average of +0.035%): +$36 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.097% in total) that is about 26 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVAXUSDT	10.725	0.0100	pay 0.0100% / 8h	7h 56m	$83.9M	$140.1M	75x
Short	dYdX AVAX-USD	10.767	0	get 0.0000% / 1h	56m 20s	$92K	$111K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bybit. 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 BybitbpFee dYdXbpOrdersPrice spread, now +0.391%Rate

Funding earned: −$21
Price spread: +0.391% → +0.035%: $35.63
Slippage, 4 orders: −$302.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$309.28
Costs to cover: 3.239%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; dYdX: live order book, 43 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 Bybit live order book, 3 min ago	0.47 bp	8.4 bp −$8	16.5 bp −$165	42.4 bp −$4,238	doesn't fit
Sell dYdX live order book, 43 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
Phemex AVAXUSDT	−0.0960%	8h	10.769	+0.410%	$28.7M	$5.7M	50x	as long as short
Nado AVAX-PERP	−0.0400%	1h	10.728	+0.026%	$290K	$326K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0266%	1h	10.767	+0.394%	$3.8M	$11.6M	50x	as long as short
Variational Omni AVAX	−0.0078%	8h	10.706	−0.177%	$2.9M	$2.1M	—	as long as short
dYdX AVAX-USDshort	0.0000%	1h	10.767	+0.391%	$92K	$111K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.767	+0.392%	$4.8M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.726	+0.009%	$12K	—	150x	as long as short
GRVT AVAX_USDT_Perp	+0.0032%	8h	10.719	−0.056%	$345K	$1.2M	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.326%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0066%	8h	10.720	−0.047%	$13.4M	$28.4M	75x	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	10.741	+0.151%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.759	+0.313%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.723	−0.019%	$25K	$465K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.730	+0.047%	$36.8M	$40.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.728	+0.031%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.761	+0.336%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.716	−0.081%	$113.4M	$401.3M	75x	as long as short
Bybit AVAXUSDTlong	+0.0100%	8h	10.725	long leg	$83.9M	$140.1M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.725	0.000%	$18.8M	$106.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.720	−0.047%	$53.2M	$78.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.720	−0.047%	$13.8M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.720	−0.047%	$32.7M	$45.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.717	−0.075%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.773	+0.448%	$439K	$534K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.722	−0.028%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.728	+0.028%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.735	+0.093%	$232K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.795	+0.656%	$12K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.766	+0.382%	$18K	$68K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.790	+0.606%	$329K	$874K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.729	+0.039%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.721	−0.034%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.768	+0.401%	$969K	$4.9M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.762	+0.345%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.717	−0.076%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.719	−0.055%	$226K	—	120x	as long as short