Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.012%

Price spread now: OKX against dYdX+0.024%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$302as in the Funding arb table

Net, price: spread back to 7d avg − costs−$308as in the Price arb table

costs, in and out, $10k−$3143.137% of the position

Long on dYdX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.024%, 7d avg −0.029%

Together, before fees+0.086%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.053% dearer against dYdX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	11.266	0	get 0.0000% / 1h	29m 29s	$99K	$107K	10x
Short	OKX AVAX-USDT-SWAP	11.269	0.0100	get 0.0100% / 8h	1h 29m	$20.3M	$146.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.024%Rate

Funding earned: $21
Price spread: +0.024% → −0.029%: $5.32
Slippage, 4 orders: −$293.73
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$287.41
Costs to cover: 3.137%
Break-even: 102.8 days

Slippage from dYdX: live order book, 54 min ago; OKX: live order book, 5 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	142.74 bp	147.7 bp −$148	147.7 bp −$1,477	162.2 bp −$16.2K	185.2 bp −$92.6K
Sell OKX live order book, 5 min ago	0.44 bp	11.1 bp −$11	20.1 bp −$201	53.7 bp −$5,369	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	11.210	−0.499%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.250	−0.144%	$5.3M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0024%	1h	11.271	+0.047%	$297K	$895K	10x	as long as short
Variational Omni AVAX	−0.0016%	8h	11.259	−0.064%	$3.0M	$2.4M	—	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.266	long leg	$99K	$107K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.269	+0.024%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.266	−0.006%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.268	+0.016%	$16K	$691K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.262	−0.040%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.267	+0.005%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.267	+0.008%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.268	+0.014%	$120.6M	$526.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.269	+0.024%	$89.0M	$157.5M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	11.269	+0.024%	$20.3M	$146.7M	50x
Gate AVAX_USDT	+0.0100%	8h	11.266	−0.002%	$12.6M	$40.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.267	+0.007%	$52.2M	$100.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.274	+0.069%	$16.3M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.272	+0.051%	$34.3M	$60.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.269	+0.024%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.252	−0.126%	$360K	$570K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.257	−0.079%	$360K	$898K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.282	+0.140%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.275	+0.078%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.255	−0.100%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.271	+0.046%	$12K	$730K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.250	−0.144%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.252	−0.131%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.249	−0.153%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.265	−0.008%	$673K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.254	−0.108%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.257	−0.082%	$909K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.243	−0.206%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.271	+0.039%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0403% / S −0.0247%	1h	11.252	−0.123%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0619%	1h	11.289	+0.202%	$43.7M	$57.2M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.258	−0.075%	$4.6M	$13.5M	50x	as long as short