Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.040%

Price spread now: dYdX against BloFin+0.032%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$355as in the Funding arb table

Net, price: spread back to 7d avg − costs−$314as in the Price arb table

costs, in and out, $10k−$3193.187% of the position

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.363%−$36 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.032%, 7d avg −0.011%

Together, before fees−0.350%−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.043% dearer against BloFin than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of −0.011%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AVAX-USDT	10.684	0.0220	pay 0.0220% / 8h	57m 58s	$4.6M	$5.5M	100x
Short	dYdX AVAX-USD	10.687	0	get 0.0000% / 1h	57m 58s	$91K	$111K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$46.2
Price spread: +0.032% → −0.011%: $4.32
Slippage, 4 orders: −$296.7
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$360.58
Costs to cover: 3.187%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; dYdX: live order book, 46 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 BloFin live order book, 6 min ago	2.81 bp	9.4 bp −$9	15.7 bp −$157	32.6 bp −$3,260	doesn't fit
Sell dYdX live order book, 46 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
Nado AVAX-PERP	−0.0232%	1h	10.682	−0.019%	$281K	$335K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.688	+0.040%	$3.8M	$12.0M	50x	as long as short
Variational Omni AVAX	−0.0067%	8h	10.666	−0.172%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USDshort	0.0000%	1h	10.687	+0.032%	$91K	$111K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.693	+0.084%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.691	+0.067%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0012%	8h	10.688	+0.037%	$12.9M	$30.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.711%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0083%	8h	10.683	−0.013%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0084%	8h	10.688	+0.037%	$81.5M	$142.9M	75x	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	10.688	+0.037%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.684	0.000%	$25K	$472K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.700	+0.150%	$37.2M	$43.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.696	+0.114%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.689	+0.045%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.693	+0.081%	$113.1M	$418.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.688	+0.037%	$18.8M	$110.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.690	+0.056%	$45.8M	$78.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.691	+0.066%	$13.6M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.690	+0.056%	$32.4M	$48.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.690	+0.056%	—	$54.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.695	+0.103%	$436K	$557K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.669	−0.141%	$339K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.675	−0.084%	$172K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.688	+0.037%	$134K	$347K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.697	+0.122%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.714	+0.281%	$11K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.689	+0.047%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.684	−0.005%	$325K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.690	+0.056%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.686	+0.014%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.684	+0.005%	$245K	—	3x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	10.684	long leg	$4.6M	$5.5M	100x
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.694	+0.094%	$850K	$5.1M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.681	−0.026%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.692	+0.071%	$226K	—	120x	as long as short