Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.041%

Price spread now: Variational Omni against dYdX−0.067%7-day average −0.017% · you buy dearer than you sell

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

Long on dYdX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.605%+$61 · spread now −0.067%, 7d avg −0.017%

Together, before fees+0.566%+ Points / potential airdropVariational Omni: Active · farm board+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.050% cheaper against dYdX than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of −0.017%). If the spread goes back, that is −$5 on $10k: about 40 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	11.003	0	get 0.0000% / 1h	59m 36s	$96K	$97K	10x
Short	Variational Omni AVAX	10.996	0.0100	get 0.0100% / 8h	3h 59m	$2.9M	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.067%Rate

Funding earned: $21
Price spread: −0.067% → −0.017%: −$4.99
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.01
Costs to cover: 0.100%
Break-even: 5.0 days

Slippage unknown: dYdX: no order-book sample; Variational Omni: RFQ quote, 5 min ago. 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 no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 5 min ago	3.23 bp	doesn't fit	10.2 bp −$102	doesn't fit	doesn't fit

dYdX: 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
Injective AVAX/USDC PERP	−0.1423%	1h	10.950	−0.481%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	11.002	−0.008%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0010%	1h	11.001	−0.017%	$286K	$372K	10x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.003	long leg	$96K	$97K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.000	−0.025%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.001	−0.016%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.000	−0.026%	$15K	$541K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.998	−0.048%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.001	−0.016%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.001	−0.016%	$277K	$129K	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	10.997	−0.056%	$115.9M	$429.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.994	−0.081%	$85.0M	$139.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.999	−0.036%	$20.2M	$114.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.999	−0.036%	$12.1M	$32.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.997	−0.054%	$46.1M	$77.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.005	+0.019%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.993	−0.090%	$33.0M	$47.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.996	−0.063%	—	$78.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.000	−0.026%	$368K	$549K	15x	as long as short
Variational Omni AVAXshort	+0.0100%	8h	10.996	−0.067%	$2.9M	$2.2M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.997	−0.054%	$351K	$882K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.999	−0.036%	$177K	$670K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.001	−0.017%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.009	+0.055%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.033	+0.275%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.001	−0.017%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.027	+0.216%	$367K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.000	−0.026%	$29.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.991	−0.108%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.002	−0.008%	$253K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.004	+0.013%	$4.2M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.000	−0.026%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.001	−0.017%	$891K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.997	−0.056%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0354%	1h	11.015	+0.110%	$42.7M	$41.9M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.001	−0.013%	$233K	—	120x	as long as short