AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1363%/8h= −149.2% APRnext payment −$1.70 per $10,000 · paid last 24h −0.140%

Price spread now: Injective against dYdX−0.595%7-day average −0.194% · you buy dearer than you sell

Net, funding: paid 7d − costs−$443as in the Funding arb table

Net, price: spread back to 7d avg − costs−$464as in the Price arb table

costs, in and out, $10k−$4244.236% of the position

Long on dYdX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.189%−$19 on $10k

Price spread, last 3 days (all we have)+1.646%+$165 · spread now −0.595%, 7d avg −0.194%

Together, before fees+1.457%+$146 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Injective is 0.401% cheaper against dYdX than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of −0.194%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.189% in total (about -9.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.70 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	11.207	0	get 0.0000% / 1h	12m 15s	$103K	$105K	10x
Short	Injective AVAX/USDC PERP	11.140	−0.1363	pay 0.0170% / 1h	12m 15s	$17K	$151K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.595%Rate

Funding earned: −$286.2
Price spread: −0.595% → −0.194%: −$40.14
Slippage, 4 orders: −$413.59
Fee dYdX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$749.95
Costs to cover: 4.236%
Break-even: never at this rate

Slippage from dYdX: live order book, 62 min ago; Injective: live order book, 61 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, 62 min ago	146.82 bp	151.8 bp −$152	151.8 bp −$1,518	154.5 bp −$15.5K	156.6 bp −$78.3K
Sell Injective live order book, 61 min ago	35.68 bp	35.7 bp −$36	doesn't fit	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 PERPshort	−0.1363%	1h	11.140	−0.595%	$17K	$151K	12x
Nado AVAX-PERP	−0.0060%	1h	11.218	+0.105%	$294K	$728K	10x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.207	long leg	$103K	$105K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.216	+0.083%	$5.3M	$8.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.216	+0.087%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.218	+0.100%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.211	+0.038%	$15K	$610K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.215	+0.077%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.215	+0.077%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.213	+0.057%	$298K	$100K	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	11.215	+0.077%	$119.7M	$476.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.214	+0.065%	$89.1M	$147.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.214	+0.065%	$20.0M	$130.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.214	+0.065%	$12.2M	$38.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.213	+0.056%	$48.9M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.216	+0.083%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.219	+0.110%	$34.1M	$53.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.218	+0.101%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.200	−0.060%	$358K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.178	−0.258%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.187	−0.174%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.190	−0.149%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.216	+0.083%	$132K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.223	+0.145%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.239	+0.287%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.218	+0.101%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.234	+0.245%	$365K	$943K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.218	+0.101%	$30.1M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.214	+0.065%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.213	+0.052%	$258K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.221	+0.129%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.196	−0.096%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.212	+0.046%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.209	+0.020%	$912K	$6.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.218	+0.097%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0679%	1h	11.232	+0.226%	$43.9M	$49.6M	10x	as long as short