Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.040%

Price spread now: BloFin against dYdX−0.046%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$281as in the Funding arb table

Net, price: spread back to 7d avg − costs−$323as in the Price arb table

costs, in and out, $10k−$3173.169% of the position

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.363%+$36 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.046%, 7d avg +0.011%

Together, before fees+0.364%+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.057% cheaper against dYdX than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.011%). If the spread goes back, that is −$6 on $10k: about 21 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	10.705	0	get 0.0000% / 1h	33m 00s	$89K	$117K	10x
Short	BloFin AVAX-USDT	10.700	0.0220	get 0.0220% / 8h	1h 33m	$4.6M	$5.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.046%Rate

Funding earned: $46.2
Price spread: −0.046% → +0.011%: −$5.66
Slippage, 4 orders: −$294.92
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$276.39
Costs to cover: 3.169%
Break-even: 48.9 days

Slippage from dYdX: live order book, 11 min ago; BloFin: 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, 11 min ago	143.38 bp	149.3 bp −$149	150.2 bp −$1,502	163.6 bp −$16.4K	172.4 bp −$86.2K
Sell BloFin live order book, 6 min ago	0.94 bp	8.5 bp −$8	14.5 bp −$145	39.4 bp −$3,944	78.2 bp −$39.1K

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
Nado AVAX-PERP	−0.0178%	1h	10.701	−0.032%	$285K	$339K	10x	as long as short
Variational Omni AVAX	−0.0045%	8h	10.676	−0.273%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USDlong	0.0000%	1h	10.705	long leg	$89K	$117K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.705	+0.001%	$4.8M	$7.1M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.700	−0.046%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0032%	8h	10.699	−0.055%	$12.7M	$32.2M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.515%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0088%	8h	10.709	+0.041%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0092%	8h	10.694	−0.102%	$81.1M	$146.3M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.698	−0.062%	$1.2M	$2.5M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.705	+0.001%	$23K	$424K	50x	as long as short
SoDEX AVAX-USD	+0.0097%	1h	10.695	−0.093%	$18K	$72K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.704	−0.008%	$37.3M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.698	−0.064%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.709	+0.038%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.698	−0.063%	$113.7M	$425.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.693	−0.111%	$18.7M	$112.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.696	−0.083%	$45.2M	$80.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.697	−0.074%	$13.6M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.693	−0.111%	$32.4M	$48.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.696	−0.083%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.700	−0.046%	$436K	$565K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.701	−0.039%	$340K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.705	+0.001%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.707	+0.020%	$136K	$352K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.710	+0.048%	$230K	$346K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.732	+0.250%	$11K	$765K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.709	+0.040%	$337K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.702	−0.027%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.692	−0.117%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.703	−0.018%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.702	−0.027%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.694	−0.102%	$930K	$5.0M	50x	as long as short
BloFin AVAX-USDTshort	+0.0220%	8h	10.700	−0.046%	$4.6M	$5.6M	100x
Reya AVAXRUSDPERP	+0.0245%	1h	10.697	−0.071%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.684	−0.194%	$226K	—	120x	as long as short