Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.017%

Price spread now: Orderly against dYdX−0.046%7-day average +0.046% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 3 days (all we have)−0.090%−$9 · spread now −0.046%, 7d avg +0.046%

Together, before fees+0.051%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.093% cheaper against dYdX than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.046%). If the spread goes back, that is −$9 on $10k: about 3.1 days 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	11.280	0	get 0.0000% / 1h	27m 28s	$99K	$115K	10x
Short	Orderly PERP_AVAX_USDC	11.275	0.0100	get 0.0100% / 8h	2h 27m	$203K	$302K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.046%Rate

Funding earned: $21
Price spread: −0.046% → +0.046%: −$9.26
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$4.26
Costs to cover: 0.160%
Break-even: 8.4 days

Slippage unknown: dYdX: live order book, 61 min ago; Orderly: no order-book sample. Net counts fees only.

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, 61 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 Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0142%	8h	11.251	−0.259%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.267	−0.117%	$5.3M	$9.4M	25x	as long as short
Nado AVAX-PERP	−0.0096%	1h	11.293	+0.118%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.598%	$17K	$127K	12x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.280	long leg	$99K	$115K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.269	−0.100%	$13K	—	150x	as long as short
Extended AVAX-USD	+0.0024%	1h	11.284	+0.035%	$672K	$2.3M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.282	+0.016%	$914K	$8.2M	50x	as long as short
Gate AVAX_USDT	+0.0061%	8h	11.278	−0.020%	$12.6M	$40.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0061%	8h	11.300	+0.175%	$20.1M	$148.7M	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	+0.0068%	8h	11.267	−0.117%	$30.2M	$4.8M	50x	as long as short
MEXC AVAX_USDT	+0.0082%	8h	11.278	−0.020%	$55.4M	$109.6M	200x	as long as short
Binance AVAXUSDT	+0.0083%	8h	11.294	+0.125%	$121.1M	$537.1M	75x	as long as short
Bybit AVAXUSDT	+0.0091%	8h	11.298	+0.158%	$88.3M	$154.0M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.279	−0.011%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.292	+0.104%	$9K	$700K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.278	−0.019%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.281	+0.009%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.283	+0.029%	$300K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.283	+0.025%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.296	+0.140%	$34.8M	$61.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.291	+0.096%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.272	−0.073%	$334K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.246	−0.301%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.249	−0.277%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.299	+0.166%	$131K	$483K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.275	−0.046%	$203K	$302K	20x
SunX AVAX-USDT	+0.0100%	8h	11.297	+0.145%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.265	−0.135%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.262	−0.165%	$362K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.262	−0.162%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0200%	8h	11.263	−0.153%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.295	+0.132%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.276	−0.040%	$4.7M	$13.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.271	−0.084%	$243K	—	120x	as long as short
Hyperliquid AVAX	+0.0565%	1h	11.298	+0.158%	$43.7M	$58.5M	10x	as long as short