Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h 0.000%

Price spread now: Gate against dYdX+0.029%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$279as in the Funding arb table

Net, price: spread back to 7d avg − costs−$284as in the Price arb table

costs, in and out, $10k−$2882.876% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.029%, 7d avg −0.005%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.034% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	11.235	0	get 0.0000% / 1h	34m 30s	$99K	$115K	10x
Short	Gate AVAX_USDT	11.238	0.0051	get 0.0051% / 8h	2h 34m	$12.6M	$39.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.029%Rate

Funding earned: $10.71
Price spread: +0.029% → −0.005%: $3.4
Slippage, 4 orders: −$262.61
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$273.51
Costs to cover: 2.876%
Break-even: 185.8 days

Slippage from dYdX: live order book, 54 min ago; Gate: live order book, 4 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, 54 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 Gate live order book, 4 min ago	1.78 bp	16.7 bp −$17	21.5 bp −$215	37.9 bp −$3,792	67.6 bp −$33.8K

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
Variational Omni AVAX	−0.0155%	8h	11.233	−0.015%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0110%	1h	11.234	−0.007%	$297K	$956K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.235	+0.002%	$5.3M	$9.4M	25x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.200%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0008%	1h	11.235	−0.001%	$669K	$2.3M	25x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.235	long leg	$99K	$115K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.234	−0.010%	$13K	—	150x	as long as short
Gate AVAX_USDTshort	+0.0051%	8h	11.238	+0.029%	$12.6M	$39.9M	75x
OKX AVAX-USDT-SWAP	+0.0055%	8h	11.234	−0.007%	$20.0M	$147.7M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.248	+0.118%	$913K	$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	+0.0058%	8h	11.231	−0.034%	$30.1M	$4.8M	50x	as long as short
Bybit AVAXUSDT	+0.0073%	8h	11.237	+0.020%	$86.6M	$152.3M	75x	as long as short
MEXC AVAX_USDT	+0.0073%	8h	11.235	+0.002%	$53.4M	$109.1M	200x	as long as short
Binance AVAXUSDT	+0.0075%	8h	11.234	−0.007%	$120.6M	$537.5M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.234	−0.004%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.238	+0.026%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.234	−0.007%	$9K	$701K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.235	−0.002%	$258K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.241	+0.055%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.239	+0.040%	$299K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.238	+0.029%	$16.1M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.235	+0.002%	$34.5M	$61.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.235	+0.002%	—	$90.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.233	−0.016%	$333K	$560K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.243	+0.075%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.252	+0.153%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.238	+0.029%	$130K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.241	+0.055%	$202K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.271	+0.327%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.233	−0.016%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.241	+0.051%	$360K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0193%	8h	11.234	−0.007%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.234	−0.004%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.243	+0.075%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.232	−0.021%	$242K	—	120x	as long as short
Hyperliquid AVAX	+0.0490%	1h	11.252	+0.153%	$43.4M	$58.4M	10x	as long as short