Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.017%

Price spread now: dYdX against Orderly−0.063%7-day average −0.046% · you buy dearer than you sell

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

Long on Orderly Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now −0.063%, 7d avg −0.046%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	11.229	0.0100	pay 0.0100% / 8h	7h 57m	$204K	$303K	20x
Short	dYdX AVAX-USD	11.222	0	get 0.0000% / 1h	57m 38s	$103K	$105K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Orderly. 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 OrderlybpFee dYdXbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$21
Price spread: −0.063% → −0.046%: −$1.62
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$38.62
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; dYdX: live order book, 16 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 Orderly no order-book sample	—	—	—	—	—
Sell dYdX live order book, 16 min ago	146.82 bp	182.6 bp −$183	182.9 bp −$1,829	183.0 bp −$18.3K	183.7 bp −$91.8K

Orderly: 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	−0.1363%	1h	11.180	−0.436%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.219	−0.089%	$5.3M	$8.9M	25x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	11.222	−0.063%	$103K	$105K	10x
Nado AVAX-PERP	+0.0001%	1h	11.216	−0.116%	$296K	$879K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.226	−0.027%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0021%	8h	11.216	−0.116%	$12.5M	$37.3M	75x	as long as short
Phemex AVAXUSDT	+0.0024%	8h	11.218	−0.098%	$30.2M	$4.9M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.216	−0.118%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.217	−0.107%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.218	−0.095%	$13K	$766	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.220	−0.081%	$2.3M	$1.7M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.220	−0.081%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.217	−0.107%	$120.2M	$509.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.218	−0.098%	$89.4M	$154.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.214	−0.134%	$20.3M	$142.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.217	−0.107%	$49.8M	$87.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.221	−0.071%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.225	−0.036%	$34.2M	$57.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.220	−0.080%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.223	−0.053%	$359K	$564K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.228	−0.009%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.230	+0.007%	$362K	$873K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.234	+0.045%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.230	+0.009%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	11.229	long leg	$204K	$303K	20x
SunX AVAX-USDT	+0.0100%	8h	11.256	+0.241%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.221	−0.071%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.230	+0.013%	$363K	$1.0M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.220	−0.081%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.223	−0.052%	$258K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.228	−0.013%	$4.6M	$12.9M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.225	−0.036%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.224	−0.040%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.237	+0.071%	$917K	$7.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0435% / S −0.0258%	1h	11.225	−0.032%	$251K	—	120x	as long as short
Hyperliquid AVAX	+0.0657%	1h	11.236	+0.062%	$43.8M	$55.0M	10x	as long as short