AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0513%/8h= +56.1% APRnext payment +$0.64 per $10,000 · paid last 24h +0.094%

Price spread now: Hyperliquid against dYdX+0.142%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$292as in the Funding arb table

Net, price: spread back to 7d avg − costs−$302as in the Price arb table

costs, in and out, $10k−$3103.099% of the position

Long on dYdX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.142%, 7d avg +0.061%

Together, before fees+0.066%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Hyperliquid is 0.080% dearer against dYdX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.061%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.179% in total (about 9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.64 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	11.251	0	get 0.0000% / 1h	50m 43s	$99K	$107K	10x
Short	Hyperliquid AVAX	11.267	0.0513	get 0.0064% / 1h	50m 43s	$43.6M	$57.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.142%Rate

Funding earned: $107.65
Price spread: +0.142% → +0.061%: $8.05
Slippage, 4 orders: −$290.89
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$194.19
Costs to cover: 3.099%
Break-even: 19.6 days

Slippage from dYdX: live order book, 33 min ago; Hyperliquid: 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, 33 min ago	142.74 bp	147.7 bp −$148	147.7 bp −$1,477	162.2 bp −$16.2K	185.2 bp −$92.6K
Sell Hyperliquid live order book, 3 min ago	1.77 bp	6.9 bp −$7	11.2 bp −$112	doesn't fit	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
Injective AVAX/USDC PERP	−0.0570%	1h	11.230	−0.187%	$17K	$151K	12x	as long as short
Variational Omni AVAX	−0.0055%	8h	11.344	+0.822%	$3.0M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0017%	1h	11.236	−0.134%	$5.3M	$9.2M	25x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.251	long leg	$99K	$107K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.239	−0.107%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0011%	1h	11.249	−0.020%	$297K	$948K	10x	as long as short
Gate AVAX_USDT	+0.0092%	8h	11.238	−0.116%	$12.3M	$39.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.251	+0.002%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.257	+0.053%	$14K	$695K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.247	−0.034%	$13K	$766	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.251	+0.003%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.252	+0.012%	$299K	$121K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.249	−0.018%	$120.5M	$528.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.249	−0.018%	$90.1M	$155.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.246	−0.045%	$20.2M	$146.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.250	−0.009%	$53.5M	$99.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.251	0.000%	$16.1M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.248	−0.027%	$34.4M	$60.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.249	−0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.234	−0.152%	$358K	$574K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.348	+0.862%	$359K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.267	+0.142%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.255	+0.035%	$134K	$465K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.247	−0.036%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.294	+0.384%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.234	−0.152%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.264	+0.111%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.238	−0.116%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.235	−0.140%	$673K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.234	−0.150%	$258K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.249	−0.018%	$908K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.228	−0.205%	$5.0M	$8.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.248	−0.025%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.243	−0.075%	$237K	—	120x	as long as short
Hyperliquid AVAXshort	+0.0513%	1h	11.267	+0.142%	$43.6M	$57.7M	10x
Kraken Futures PF_AVAXUSD	+0.0630%	1h	11.235	−0.147%	$4.6M	$13.5M	50x	as long as short