Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.014%

Price spread now: Binance against dYdX−0.033%7-day average +0.007% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.033%, 7d avg +0.007%

Together, before fees+0.159%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.040% cheaper against dYdX than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.007%). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	10.845	0	get 0.0000% / 1h	8m 29s	$95K	$96K	10x
Short	Binance AVAXUSDT	10.841	0.0100	get 0.0100% / 8h	3h 08m	$113.6M	$416.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.033%Rate

Funding earned: $21
Price spread: −0.033% → +0.007%: −$3.96
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$2.96
Costs to cover: 0.200%
Break-even: 8.0 days

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 5 min ago. Net counts fees only.

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 no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	0.46 bp	6.8 bp −$7	13.7 bp −$137	39.1 bp −$3,905	111.6 bp −$55.8K

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1421%	1h	10.810	−0.319%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0027%	1h	10.833	−0.106%	$4.9M	$7.4M	25x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	10.845	long leg	$95K	$96K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.835	−0.088%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.836	−0.076%	$4.2M	$11.0M	50x	as long as short
Nado AVAX-PERP	+0.0033%	1h	10.837	−0.070%	$281K	$308K	10x	as long as short
Gate AVAX_USDT	+0.0056%	8h	10.840	−0.042%	$12.2M	$32.7M	75x	as long as short
Variational Omni AVAX	+0.0093%	8h	10.876	+0.295%	$2.9M	$2.2M	—	as long as short
Lighter AVAX	+0.0096%	1h	10.841	−0.033%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.842	−0.023%	$6K	$437K	50x	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	+0.0097%	8h	10.842	−0.021%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.837	−0.070%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.842	−0.023%	$273K	$130K	10x	as long as short
Binance AVAXUSDTshort	+0.0100%	8h	10.841	−0.033%	$113.6M	$416.5M	75x
Bybit AVAXUSDT	+0.0100%	8h	10.835	−0.088%	$81.9M	$137.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.839	−0.051%	$19.6M	$108.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.841	−0.033%	$44.7M	$79.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.839	−0.051%	$14.9M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.837	−0.070%	$32.3M	$47.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.839	−0.051%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.833	−0.106%	$364K	$548K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.906	+0.567%	$343K	$953K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.908	+0.585%	$175K	$665K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.842	−0.023%	$127K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.839	−0.051%	$190K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.859	+0.133%	$11K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.832	−0.116%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.832	−0.111%	$356K	$769K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.836	−0.079%	$28.9M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.834	−0.095%	$667K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.832	−0.116%	$249K	—	3x	as long as short
Hyperliquid AVAX	+0.0213%	1h	10.855	+0.096%	$41.0M	$39.8M	10x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.822	−0.208%	$4.8M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.839	−0.051%	$882K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.838	−0.059%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0445% / S −0.0276%	1h	10.833	−0.104%	$237K	—	120x	as long as short