Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.015%

Price spread now: MEXC against dYdX−0.032%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$258as in the Funding arb table

Net, price: spread back to 7d avg − costs−$276as in the Price arb table

costs, in and out, $10k−$2722.724% of the position

Long on dYdX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.032%, 7d avg +0.006%

Together, before fees+0.176%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.039% cheaper against dYdX than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.006%). If the spread goes back, that is −$4 on $10k: about 31 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	11.200	0	get 0.0000% / 1h	7m 38s	$103K	$105K	10x
Short	MEXC AVAX_USDT	11.196	0.0100	get 0.0100% / 8h	7h 07m	$51.0M	$89.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.032%Rate

Funding earned: $21
Price spread: −0.032% → +0.006%: −$3.86
Slippage, 4 orders: −$262.39
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$255.25
Costs to cover: 2.724%
Break-even: 92.1 days

Slippage from dYdX: live order book, 1 min ago; MEXC: live order book, 1 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, 1 min ago	130.74 bp	135.7 bp −$136	136.5 bp −$1,365	137.0 bp −$13.7K	160.4 bp −$80.2K
Sell MEXC live order book, 1 min ago	0.45 bp	0.5 bp $0	4.5 bp −$45	47.4 bp −$4,740	103.8 bp −$51.9K

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	−0.1363%	1h	11.170	−0.264%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0066%	1h	11.204	+0.039%	$294K	$680K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0018%	1h	11.200	+0.004%	$5.3M	$8.4M	25x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.200	long leg	$103K	$105K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.203	+0.030%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.197	−0.024%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.193	−0.059%	$15K	$606K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.194	−0.052%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.194	−0.049%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.197	−0.020%	$297K	$107K	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	11.194	−0.050%	$119.6M	$474.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.195	−0.041%	$89.0M	$147.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.195	−0.041%	$20.0M	$130.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.196	−0.032%	$12.2M	$38.6M	75x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	11.196	−0.032%	$51.0M	$89.2M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.199	−0.005%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.194	−0.050%	$34.0M	$53.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.193	−0.059%	—	$84.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.196	−0.032%	$358K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.214	+0.125%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.202	+0.021%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.221	+0.191%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.204	+0.039%	$131K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.209	+0.084%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.236	+0.323%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.197	−0.023%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.202	+0.018%	$364K	$945K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.198	−0.014%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.192	−0.068%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.202	+0.021%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.203	+0.027%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.204	+0.039%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.200	+0.004%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.212	+0.111%	$912K	$6.4M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0297%	1h	11.202	+0.018%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0667%	1h	11.213	+0.120%	$43.8M	$48.9M	10x	as long as short