AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.110%

Price spread now: dYdX against Hyperliquid−0.096%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$338as in the Funding arb table

Net, price: spread back to 7d avg − costs−$318as in the Price arb table

costs, in and out, $10k−$3153.149% of the position

Long on Hyperliquid Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.096%, 7d avg −0.066%

Together, before fees−0.164%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.030% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.066%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AVAX	10.694	0.0100	pay 0.0013% / 1h	52m 48s	$36.7M	$43.3M	10x
Short	dYdX AVAX-USD	10.684	0	get 0.0000% / 1h	52m 48s	$91K	$111K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Hyperliquid. 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 HyperliquidbpFee dYdXbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$21
Price spread: −0.096% → −0.066%: −$2.98
Slippage, 4 orders: −$295.88
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$338.86
Costs to cover: 3.149%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; dYdX: live order book, 51 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 Hyperliquid live order book, 11 min ago	0.47 bp	5.0 bp −$5	9.2 bp −$92	doesn't fit	doesn't fit
Sell dYdX live order book, 51 min ago	143.38 bp	151.2 bp −$151	151.2 bp −$1,512	181.1 bp −$18.1K	192.0 bp −$96.0K

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	10.679	−0.140%	$3.8M	$12.0M	50x	as long as short
Nado AVAX-PERP	−0.0129%	1h	10.674	−0.192%	$280K	$335K	10x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.658	−0.341%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USDshort	0.0000%	1h	10.684	−0.096%	$91K	$111K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.680	−0.131%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.681	−0.118%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0003%	8h	10.690	−0.037%	$13.0M	$30.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.617%	$17K	$151K	12x	as long as short
Bybit AVAXUSDT	+0.0079%	8h	10.691	−0.028%	$81.5M	$142.7M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0084%	8h	10.675	−0.174%	$12K	$212	20x	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	10.680	−0.136%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.682	−0.112%	$25K	$473K	50x	as long as short
Hyperliquid AVAXlong	+0.0100%	1h	10.694	long leg	$36.7M	$43.3M	10x
Aster AVAXUSDT	+0.0100%	8h	10.695	+0.010%	$2.2M	$994K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.683	−0.100%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.695	+0.009%	$113.1M	$417.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.691	−0.028%	$18.7M	$110.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.694	0.000%	$45.8M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.689	−0.047%	$13.6M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.693	−0.009%	$32.3M	$48.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.694	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.690	−0.037%	$436K	$559K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.677	−0.163%	$338K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.684	−0.094%	$172K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.682	−0.112%	$134K	$347K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.685	−0.084%	$230K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.708	+0.133%	$11K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.679	−0.140%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.693	−0.012%	$326K	$880K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.683	−0.103%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.689	−0.049%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.675	−0.178%	$245K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.684	−0.094%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.689	−0.047%	$851K	$5.0M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.675	−0.181%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.680	−0.132%	$225K	—	120x	as long as short