Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.022%

Price spread now: Paradex against dYdX−0.047%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.047% cheaper against dYdX than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 43 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	10.691	0	get 0.0000% / 1h	38m 36s	$91K	$111K	10x
Short	Paradex AVAX-USD-PERP	10.686	0.0087	get 0.0087% / 8h	38m 36s	$12K	$212	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.047%Rate

Funding earned: $18.3
Price spread: −0.047% → 0.000%: −$4.68
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$0.38
Costs to cover: 0.140%
Break-even: 7.1 days

Slippage unknown: dYdX: live order book, just now; Paradex: 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, just now	148.19 bp	154.1 bp −$154	154.1 bp −$1,541	185.8 bp −$18.6K	443.7 bp −$221.8K
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.687	−0.036%	$3.8M	$11.7M	50x	as long as short
Nado AVAX-PERP	−0.0135%	1h	10.672	−0.177%	$288K	$336K	10x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.700	+0.088%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.687	−0.037%	$4.8M	$6.8M	25x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	10.691	long leg	$91K	$111K	10x
Gate AVAX_USDT	0.0000%	8h	10.683	−0.075%	$13.0M	$30.6M	75x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.686	−0.045%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.646%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERPshort	+0.0087%	8h	10.686	−0.047%	$12K	$212	20x
Bybit AVAXUSDT	+0.0088%	8h	10.675	−0.149%	$81.5M	$141.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.688	−0.028%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.677	−0.131%	$25K	$469K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.698	+0.063%	$36.7M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.681	−0.095%	$2.2M	$904K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.692	+0.009%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.680	−0.106%	$113.1M	$412.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.674	−0.159%	$18.8M	$108.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.686	−0.046%	$45.9M	$79.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.688	−0.028%	$13.7M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.675	−0.149%	$32.4M	$47.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.684	−0.065%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.686	−0.046%	$436K	$554K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.709	+0.165%	$343K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.711	+0.187%	$173K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.677	−0.131%	$134K	$329K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.694	+0.028%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.715	+0.227%	$12K	$768K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.686	−0.046%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.684	−0.061%	$325K	$866K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.686	−0.046%	$28.5M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.677	−0.129%	$608K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.689	−0.020%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.683	−0.075%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.684	−0.065%	$850K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.672	−0.175%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.687	−0.033%	$225K	—	120x	as long as short