Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.021%

Price spread now: dYdX against MEXC+0.034%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$326as in the Funding arb table

Net, price: spread back to 7d avg − costs−$307as in the Price arb table

costs, in and out, $10k−$3113.108% of the position

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.155%−$16 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.034%, 7d avg −0.004%

Together, before fees−0.178%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.038% dearer against MEXC than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.004%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	10.797	0.0100	pay 0.0100% / 8h	7h 46m	$53.2M	$78.9M	200x
Short	dYdX AVAX-USD	10.801	0	get 0.0000% / 1h	46m 26s	$92K	$111K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against MEXC. 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 MEXCbpFee dYdXbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$21
Price spread: +0.034% → −0.004%: $3.83
Slippage, 4 orders: −$300.78
Fee MEXC: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$327.95
Costs to cover: 3.108%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; dYdX: live order book, 52 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 MEXC live order book, 3 min ago	0.93 bp	2.5 bp −$3	4.8 bp −$48	31.3 bp −$3,126	99.2 bp −$49.6K
Sell dYdX live order book, 52 min ago	148.19 bp	153.2 bp −$153	153.2 bp −$1,532	181.4 bp −$18.1K	463.0 bp −$231.5K

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
Nado AVAX-PERP	−0.0288%	1h	10.797	0.000%	$281K	$326K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0265%	1h	10.790	−0.065%	$3.7M	$11.6M	50x	as long as short
Phemex AVAXUSDT	−0.0123%	8h	10.787	−0.093%	$28.8M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0077%	8h	10.764	−0.308%	$3.0M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0028%	1h	10.789	−0.074%	$4.9M	$6.8M	25x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	10.801	+0.034%	$92K	$111K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.802	+0.050%	$12K	—	150x	as long as short
SoDEX AVAX-USD	+0.0002%	1h	10.786	−0.102%	$18K	$68K	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.343%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	10.805	+0.074%	$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	10.802	+0.043%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.795	−0.019%	$22K	$463K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.808	+0.102%	$35.9M	$41.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.799	+0.018%	$2.4M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.805	+0.072%	$272K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.800	+0.028%	$114.3M	$398.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.803	+0.056%	$84.3M	$138.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.807	+0.093%	$19.0M	$107.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.799	+0.019%	$13.6M	$28.6M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	10.797	long leg	$53.2M	$78.9M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.798	+0.009%	$14.0M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.825	+0.259%	$33.0M	$45.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.799	+0.019%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.795	−0.019%	$439K	$531K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.769	−0.260%	$340K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.769	−0.259%	$174K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.801	+0.037%	$136K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.815	+0.167%	$234K	$248K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.815	+0.162%	$12K	$770K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.787	−0.088%	$333K	$867K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.797	+0.002%	$614K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.806	+0.088%	$248K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.770	−0.250%	$850K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.787	−0.093%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.792	−0.048%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.798	+0.008%	$228K	—	120x	as long as short