Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.019%

Price spread now: Bitget against dYdX+0.110%53s7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$260as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2762.757% of the position

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$15 on $10k

Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.110%, 7d avg −0.026%

Together, before fees+0.008%+$1 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 Bitget is 0.137% dearer against dYdX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.026%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	11.232	0	get 0.0000% / 1h	35m 50s	$99K	$115K	10x
Short	Bitget AVAXUSDT	11.244	0.0100	get 0.0100% / 8h	2h 35m	$34.6M	$61.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.110%Rate

Funding earned: $21
Price spread: +0.110% → −0.026%: $13.66
Slippage, 4 orders: −$253.69
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$241.03
Costs to cover: 2.757%
Break-even: 87.3 days

Slippage from dYdX: live order book, 53 min ago; Bitget: live order book, 3 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, 53 min ago	122.70 bp	127.7 bp −$128	127.7 bp −$1,277	131.3 bp −$13.1K	153.2 bp −$76.6K
Sell Bitget live order book, 3 min ago	0.45 bp	9.1 bp −$9	17.2 bp −$172	44.6 bp −$4,462	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
Deribit AVAX_USDC-PERPETUAL	−0.0195%	1h	11.224	−0.068%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0169%	8h	11.174	−0.517%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0114%	1h	11.232	+0.003%	$297K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.172%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0008%	1h	11.231	−0.008%	$669K	$2.3M	25x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.232	long leg	$99K	$115K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.226	−0.051%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0044%	8h	11.232	+0.003%	$12.6M	$39.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0054%	8h	11.244	+0.110%	$20.0M	$147.9M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.246	+0.128%	$915K	$8.2M	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	+0.0064%	8h	11.224	−0.068%	$30.1M	$4.8M	50x	as long as short
Bybit AVAXUSDT	+0.0068%	8h	11.246	+0.128%	$86.7M	$152.3M	75x	as long as short
MEXC AVAX_USDT	+0.0070%	8h	11.236	+0.039%	$53.5M	$109.1M	200x	as long as short
Binance AVAXUSDT	+0.0073%	8h	11.237	+0.048%	$120.6M	$537.6M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.224	−0.065%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.226	−0.054%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.232	+0.003%	$9K	$701K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.220	−0.108%	$258K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.232	+0.003%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.232	+0.002%	$298K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.234	+0.021%	$16.1M	$24.6M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	11.244	+0.110%	$34.6M	$61.2M	75x
BingX AVAX-USDT	+0.0100%	8h	11.242	+0.092%	—	$90.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.230	−0.014%	$333K	$559K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.170	−0.549%	$353K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.176	−0.495%	$180K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.234	+0.021%	$130K	$482K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.233	+0.012%	$202K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.253	+0.194%	$12K	$715K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.223	−0.077%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.223	−0.081%	$360K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0190%	8h	11.229	−0.023%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.227	−0.039%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0256%	1h	11.233	+0.012%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.227	−0.043%	$242K	—	120x	as long as short
Hyperliquid AVAX	+0.0469%	1h	11.247	+0.137%	$43.2M	$58.3M	10x	as long as short