Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.020%

Price spread now: BingX against dYdX+0.089%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$276as in the Funding arb table

Net, price: spread back to 7d avg − costs−$282as in the Price arb table

costs, in and out, $10k−$2932.930% of the position

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.165%+$17 on $10k

Price spread, last 4 days (all we have)−0.125%−$12 · spread now +0.089%, 7d avg −0.020%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.109% dearer against dYdX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	11.098	0	get 0.0000% / 1h	48m 27s	$97K	$97K	10x
Short	BingX AVAX-USDT	11.108	0.0100	get 0.0100% / 8h	4h 48m	—	$79.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.089%Rate

Funding earned: $21
Price spread: +0.089% → −0.020%: $10.93
Slippage, 4 orders: −$272.96
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$261.03
Costs to cover: 2.930%
Break-even: 94.0 days

Slippage from dYdX: live order book, 75 min ago; BingX: live order book, 6 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, 75 min ago	135.84 bp	140.8 bp −$141	140.8 bp −$1,408	142.0 bp −$14.2K	155.3 bp −$77.7K
Sell BingX live order book, 6 min ago	0.45 bp	5.4 bp −$5	6.0 bp −$60	8.9 bp −$887	27.1 bp −$13.5K

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
Injective AVAX/USDC PERP	−0.1423%	1h	11.030	−0.614%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.098	−0.001%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0005%	1h	11.101	+0.031%	$286K	$394K	10x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.098	long leg	$97K	$97K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.106	+0.071%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.103	+0.040%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.106	+0.071%	$16K	$582K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.107	+0.084%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.099	+0.012%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.105	+0.063%	$290K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.109	+0.100%	$118.1M	$427.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.105	+0.062%	$88.3M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.106	+0.071%	$20.3M	$116.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.100	+0.017%	$12.1M	$34.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.107	+0.080%	$48.1M	$77.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.112	+0.125%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.108	+0.089%	$33.3M	$48.1M	75x	as long as short
BingX AVAX-USDTshort	+0.0100%	8h	11.108	+0.089%	—	$79.9M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.099	+0.008%	$335K	$524K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.091	−0.068%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.137	+0.350%	$355K	$835K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.108	+0.089%	$179K	$673K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.110	+0.107%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.107	+0.080%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.128	+0.272%	$12K	$703K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.101	+0.026%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.094	−0.037%	$365K	$829K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.100	+0.017%	$29.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.104	+0.049%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.099	+0.011%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.104	+0.055%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.099	+0.008%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.110	+0.107%	$890K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.103	+0.041%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.098	−0.001%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0679%	1h	11.120	+0.197%	$43.4M	$42.3M	10x	as long as short