Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.041%

Price spread now: dYdX against Variational Omni−0.087%7-day average +0.016% · you buy dearer than you sell

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

Long on Variational Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.311%−$31 · spread now −0.087%, 7d avg +0.016%

Together, before fees−0.272%+ Points / potential airdropVariational Omni: Active · farm board−$27 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 0.103% cheaper against Variational Omni than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	11.127	0.0100	pay 0.0100% / 8h	6h 27m	$2.9M	$2.2M	—
Short	dYdX AVAX-USD	11.117	0	get 0.0000% / 1h	27m 41s	$102K	$96K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. 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 Variational OmnibpFee dYdXbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$21
Price spread: −0.087% → +0.016%: −$10.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$41.34
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; dYdX: live order book, 41 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 Variational Omni RFQ quote, 1 min ago	3.20 bp	doesn't fit	11.8 bp −$118	doesn't fit	doesn't fit
Sell dYdX live order book, 41 min ago	130.74 bp	135.7 bp −$136	136.5 bp −$1,365	140.4 bp −$14.0K	162.5 bp −$81.2K

AVAX on 35 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	−0.1423%	1h	11.080	−0.420%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0050%	1h	11.111	−0.137%	$286K	$509K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.113	−0.124%	$5.2M	$8.3M	25x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	11.117	−0.087%	$102K	$96K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.115	−0.102%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0048%	8h	11.117	−0.088%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.114	−0.117%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.118	−0.079%	$15K	$595K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.115	−0.102%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.115	−0.106%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.122	−0.043%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.119	−0.070%	$118.6M	$460.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.119	−0.070%	$88.6M	$143.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.112	−0.133%	$20.0M	$124.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.114	−0.115%	$48.8M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.121	−0.052%	$15.6M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.112	−0.133%	$33.4M	$51.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.112	−0.133%	—	$83.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.116	−0.097%	$355K	$535K	15x	as long as short
Variational Omni AVAXlong	+0.0100%	8h	11.127	long leg	$2.9M	$2.2M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.106	−0.187%	$354K	$810K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.120	−0.061%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.113	−0.124%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.120	−0.061%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.139	+0.105%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.115	−0.106%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.107	−0.173%	$361K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.115	−0.106%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.109	−0.159%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.116	−0.094%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.109	−0.157%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.117	−0.089%	$4.3M	$11.9M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.121	−0.052%	$903K	$5.9M	50x	as long as short
Hyperliquid AVAX	+0.0409%	1h	11.131	+0.038%	$43.3M	$47.1M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.112	−0.129%	$236K	—	120x	as long as short