AVAX

Alert: funding

Alert: spread

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

Price spread now: Backpack against dYdX+0.010%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$290as in the Funding arb table

Net, price: spread back to 7d avg − costs−$295as in the Price arb table

costs, in and out, $10k−$2942.941% of the position

Long on dYdX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.010%, 7d avg +0.021%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, 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	dYdX AVAX-USD	11.236	0	get 0.0000% / 1h	31m 00s	$103K	$111K	10x
Short	Backpack AVAX_USDC_PERP	11.237	0.0100	get 0.0013% / 1h	31m 00s	$359K	$563K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against dYdX. 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 dYdXbpFee BackpackbpOrdersPrice spread, now +0.010%Rate

Funding earned: $21
Price spread: +0.010% → +0.021%: −$1.08
Slippage, 4 orders: −$274.08
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$274.16
Costs to cover: 2.941%
Break-even: 98.4 days

Slippage from dYdX: live order book, 48 min ago; Backpack: live order book, 48 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 dYdX live order book, 48 min ago	133.65 bp	139.9 bp −$140	141.2 bp −$1,412	141.3 bp −$14.1K	145.7 bp −$72.8K
Sell Backpack live order book, 48 min ago	0.44 bp	5.4 bp −$5	26.1 bp −$261	doesn't fit	doesn't fit

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	−0.1451%	1h	11.190	−0.408%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.232	−0.034%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0092%	1h	11.233	−0.021%	$296K	$881K	10x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.236	long leg	$103K	$111K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.239	+0.030%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0080%	8h	11.235	−0.005%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.236	+0.001%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.238	+0.019%	$19K	$670K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.233	−0.021%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.236	+0.003%	$2.3M	$1.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.236	+0.005%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.236	−0.002%	$120.2M	$513.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.235	−0.007%	$89.4M	$155.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.234	−0.016%	$20.2M	$143.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.233	−0.025%	$12.5M	$40.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.235	−0.007%	$51.6M	$93.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.242	+0.055%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.236	+0.002%	$34.2M	$58.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.235	−0.007%	—	$86.8M	—	as long as short
Backpack AVAX_USDC_PERPshort	+0.0100%	1h	11.237	+0.010%	$359K	$563K	15x
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.236	0.000%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.238	+0.019%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.239	+0.028%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.245	+0.082%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.263	+0.239%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.234	−0.016%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.233	−0.021%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.235	−0.007%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.233	−0.024%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.232	−0.034%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.236	+0.002%	$5.0M	$7.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.235	−0.006%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.239	+0.024%	$4.6M	$13.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.245	+0.082%	$914K	$7.9M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0424% / S −0.0279%	1h	11.238	+0.019%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0810%	1h	11.255	+0.171%	$43.7M	$55.1M	10x	as long as short