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 −0.015%

Price spread now: dYdX against Binance−0.054%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$298as in the Funding arb table

Net, price: spread back to 7d avg − costs−$289as in the Price arb table

costs, in and out, $10k−$2842.838% of the position

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.143%−$14 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.054%, 7d avg −0.007%

Together, before fees−0.096%−$10 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 0.047% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	11.097	0.0100	pay 0.0100% / 8h	6h 19m	$118.3M	$455.3M	75x
Short	dYdX AVAX-USD	11.091	0	get 0.0000% / 1h	19m 32s	$102K	$96K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$21
Price spread: −0.054% → −0.007%: −$4.72
Slippage, 4 orders: −$263.84
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$309.56
Costs to cover: 2.838%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; dYdX: live order book, 49 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 Binance live order book, 9 min ago	0.45 bp	6.2 bp −$6	10.8 bp −$108	40.0 bp −$4,003	143.7 bp −$71.8K
Sell dYdX live order book, 49 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	−0.153%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0111%	1h	11.084	−0.117%	$5.2M	$8.2M	25x	as long as short
Nado AVAX-PERP	−0.0043%	1h	11.085	−0.108%	$285K	$500K	10x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	11.091	−0.054%	$102K	$96K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.090	−0.062%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0050%	8h	11.091	−0.054%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.096	−0.009%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.098	+0.009%	$15K	$581K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.096	−0.008%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.098	+0.011%	$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	11.095	−0.021%	$295K	$107K	10x	as long as short
Binance AVAXUSDTlong	+0.0100%	8h	11.097	long leg	$118.3M	$455.3M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.098	+0.009%	$88.3M	$142.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.095	−0.018%	$19.9M	$122.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.094	−0.027%	$48.6M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.100	+0.027%	$15.5M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.090	−0.063%	$33.3M	$50.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.094	−0.027%	—	$83.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.095	−0.018%	$355K	$532K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.095	−0.014%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.112	+0.135%	$355K	$810K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.116	+0.171%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.090	−0.063%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.094	−0.027%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.118	+0.186%	$12K	$713K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.086	−0.099%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.079	−0.167%	$360K	$871K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.090	−0.063%	$29.6M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.092	−0.045%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.080	−0.153%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.085	−0.107%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.089	−0.074%	$4.3M	$11.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.121	+0.216%	$904K	$5.8M	50x	as long as short
Hyperliquid AVAX	+0.0392%	1h	11.110	+0.117%	$43.2M	$45.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.088	−0.079%	$235K	—	120x	as long as short