Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h 0.000%

Price spread now: dYdX against Gate+0.017%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$297as in the Funding arb table

Net, price: spread back to 7d avg − costs−$286as in the Price arb table

costs, in and out, $10k−$2882.876% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.017%, 7d avg +0.005%

Together, before fees−0.085%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.240	0.0051	pay 0.0051% / 8h	2h 33m	$12.6M	$39.9M	75x
Short	dYdX AVAX-USD	11.242	0	get 0.0000% / 1h	33m 38s	$99K	$115K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$10.71
Price spread: +0.017% → +0.005%: $1.2
Slippage, 4 orders: −$262.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$297.13
Costs to cover: 2.876%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; dYdX: live order book, 55 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 Gate live order book, 5 min ago	1.78 bp	15.6 bp −$16	24.7 bp −$247	43.5 bp −$4,353	71.0 bp −$35.5K
Sell dYdX live order book, 55 min ago	122.70 bp	127.7 bp −$128	127.7 bp −$1,277	129.2 bp −$12.9K	190.8 bp −$95.4K

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	−0.0155%	8h	11.233	−0.061%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0108%	1h	11.238	−0.018%	$297K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.246%	$17K	$127K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0017%	1h	11.232	−0.071%	$5.3M	$9.4M	25x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	11.242	+0.017%	$99K	$115K	10x
Extended AVAX-USD	0.0000%	1h	11.237	−0.029%	$669K	$2.3M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.234	−0.056%	$13K	—	150x	as long as short
Gate AVAX_USDTlong	+0.0051%	8h	11.240	long leg	$12.6M	$39.9M	75x
OKX AVAX-USDT-SWAP	+0.0055%	8h	11.235	−0.044%	$20.0M	$147.7M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.236	−0.036%	$911K	$8.2M	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	+0.0057%	8h	11.229	−0.098%	$30.1M	$4.8M	50x	as long as short
MEXC AVAX_USDT	+0.0074%	8h	11.234	−0.053%	$53.5M	$109.1M	200x	as long as short
Binance AVAXUSDT	+0.0075%	8h	11.236	−0.040%	$120.6M	$537.7M	75x	as long as short
Bybit AVAXUSDT	+0.0076%	8h	11.240	0.000%	$86.6M	$152.5M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.235	−0.044%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.237	−0.028%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.236	−0.036%	$9K	$701K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.226	−0.121%	$258K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.242	+0.019%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.242	+0.017%	$299K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.243	+0.027%	$16.1M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.242	+0.018%	$34.5M	$61.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.241	+0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.238	−0.018%	$333K	$560K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.240	−0.004%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.252	+0.107%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.238	−0.018%	$130K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.238	−0.018%	$202K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.264	+0.209%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.227	−0.116%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.226	−0.129%	$360K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0193%	8h	11.234	−0.053%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.234	−0.050%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.239	−0.005%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.232	−0.067%	$242K	—	120x	as long as short
Hyperliquid AVAX	+0.0501%	1h	11.259	+0.169%	$43.4M	$58.4M	10x	as long as short