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 −0.030%

Price spread now: dYdX against Pacifica−0.039%7-day average −0.010% · 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−$320as in the Price arb table

costs, in and out, $10k−$3173.166% of the position

Long on Pacifica Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.039%, 7d avg −0.010%

Together, before fees−0.178%+ Points / potential airdropPacifica: Active · farm board−$18 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 0.029% cheaper against Pacifica than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	10.711	0.0100	pay 0.0013% / 1h	42m 55s	$269K	$129K	10x
Short	dYdX AVAX-USD	10.707	0	get 0.0000% / 1h	42m 55s	$91K	$111K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Pacifica. 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 PacificabpFee dYdXbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$21
Price spread: −0.039% → −0.010%: −$2.88
Slippage, 4 orders: −$298.62
Fee Pacifica: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$340.5
Costs to cover: 3.166%
Break-even: never at this rate

Slippage from Pacifica: live order book, 60 min ago; dYdX: live order book, 61 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 Pacifica live order book, 60 min ago	1.87 bp	5.9 bp −$6	15.8 bp −$158	doesn't fit	doesn't fit
Sell dYdX live order book, 61 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	−0.0184%	1h	10.702	−0.084%	$3.8M	$11.7M	50x	as long as short
Nado AVAX-PERP	−0.0106%	1h	10.706	−0.042%	$281K	$332K	10x	as long as short
Variational Omni AVAX	−0.0075%	8h	10.705	−0.052%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USDshort	0.0000%	1h	10.707	−0.039%	$91K	$111K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.706	−0.047%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.707	−0.035%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0006%	8h	10.700	−0.103%	$13.0M	$30.6M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.457%	$17K	$151K	12x	as long as short
Bybit AVAXUSDT	+0.0084%	8h	10.696	−0.140%	$81.5M	$141.5M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.709	−0.019%	$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	10.702	−0.087%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.707	−0.037%	$25K	$472K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.713	+0.019%	$36.8M	$43.4M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.700	−0.103%	$2.2M	$969K	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	10.711	long leg	$269K	$129K	10x
Binance AVAXUSDT	+0.0100%	8h	10.699	−0.112%	$113.2M	$413.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.696	−0.140%	$18.8M	$109.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.702	−0.084%	$46.1M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.700	−0.103%	$13.7M	$22.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.702	−0.084%	$32.4M	$47.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.698	−0.121%	—	$54.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.707	−0.037%	$436K	$554K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.702	−0.083%	$343K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.705	−0.056%	$173K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.707	−0.037%	$134K	$333K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.713	+0.019%	$232K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.738	+0.252%	$12K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.702	−0.084%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.700	−0.098%	$326K	$873K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.703	−0.075%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.697	−0.134%	$608K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.672	−0.368%	$245K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.702	−0.084%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.720	+0.084%	$854K	$4.8M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.703	−0.078%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.708	−0.025%	$226K	—	120x	as long as short