AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0103%/8h= +11.3% APRnext payment +$0.13 per $10,000 · paid last 24h +0.159%

Price spread now: dYdX against Deribit+0.027%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$224as in the Funding arb table

Net, price: spread back to 7d avg − costs−$266as in the Price arb table

costs, in and out, $10k−$2672.669% of the position

Long on Deribit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.432%+$43 on $10k

Price spread, last 3 days (all we have)+0.207%+$21 · spread now +0.027%, 7d avg +0.018%

Together, before fees+0.639%+$64 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, 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	Deribit AVAX_USDC-PERPETUAL	11.319	−0.0103	get 0.0013% / 1h	23m 42s	$5.4M	$9.4M	25x
Short	dYdX AVAX-USD	11.322	0	get 0.0000% / 1h	23m 42s	$99K	$115K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Deribit. 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 DeribitbpFee dYdXbpOrdersPrice spread, now +0.027%Rate

Funding earned: $21.68
Price spread: +0.027% → +0.018%: $0.92
Slippage, 4 orders: −$249.87
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$244.27
Costs to cover: 2.669%
Break-even: 85.9 days

Slippage from Deribit: live order book, 5 min ago; dYdX: live order book, 65 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 Deribit live order book, 5 min ago	0.89 bp	4.4 bp −$4	34.7 bp −$347	doesn't fit	doesn't fit
Sell dYdX live order book, 65 min ago	122.70 bp	127.7 bp −$128	127.7 bp −$1,277	129.2 bp −$12.9K	190.8 bp −$95.4K

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
Variational Omni AVAX	−0.0130%	8h	11.287	−0.282%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0103%	1h	11.319	long leg	$5.4M	$9.4M	25x
Nado AVAX-PERP	−0.0094%	1h	11.318	−0.009%	$299K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.260	−0.521%	$17K	$151K	12x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	11.322	+0.027%	$99K	$115K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.321	+0.015%	$16K	—	150x	as long as short
Extended AVAX-USD	+0.0040%	1h	11.324	+0.049%	$672K	$2.2M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.331	+0.106%	$918K	$8.3M	50x	as long as short
Gate AVAX_USDT	+0.0065%	8h	11.324	+0.044%	$12.7M	$40.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0066%	8h	11.326	+0.062%	$20.1M	$149.1M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0070%	8h	11.320	+0.009%	$30.3M	$4.9M	50x	as long as short
MEXC AVAX_USDT	+0.0086%	8h	11.323	+0.035%	$55.9M	$109.9M	200x	as long as short
Binance AVAXUSDT	+0.0087%	8h	11.320	+0.010%	$121.3M	$537.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.321	+0.018%	$1.3M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.323	+0.035%	$7K	$703K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	11.325	+0.054%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.328	+0.084%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.326	+0.062%	$301K	$122K	10x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.328	+0.080%	$89.7M	$154.7M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.325	+0.053%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.326	+0.062%	$34.9M	$61.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.324	+0.044%	—	$90.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.329	+0.088%	$336K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.296	−0.203%	$357K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.293	−0.230%	$182K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.323	+0.035%	$132K	$481K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.326	+0.062%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.347	+0.245%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.316	−0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.316	−0.031%	$363K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.315	−0.040%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0204%	8h	11.310	−0.080%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.319	0.000%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.324	+0.042%	$4.7M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.319	+0.003%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0600%	1h	11.337	+0.162%	$44.3M	$58.6M	10x	as long as short