Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.027%

Price spread now: Bitget against dYdX−0.147%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs−$296as in the Price arb table

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

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.168%+$17 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.147%, 7d avg −0.027%

Together, before fees+0.291%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.120% cheaper against dYdX than usual: you would sell low and buy high (spread −0.147% now, against its 7-day average of −0.027%). If the spread goes back, that is −$12 on $10k: about 4.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	10.750	0	get 0.0000% / 1h	31m 08s	$92K	$111K	10x
Short	Bitget AVAXUSDT	10.734	0.0100	get 0.0100% / 8h	7h 31m	$32.8M	$45.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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 dYdXbpFee BitgetbpOrdersPrice spread, now −0.147%Rate

Funding earned: $21
Price spread: −0.147% → −0.027%: −$12.03
Slippage, 4 orders: −$261.76
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$274.78
Costs to cover: 2.838%
Break-even: 98.6 days

Slippage from dYdX: live order book, 3 min ago; Bitget: live order book, 3 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 dYdX live order book, 3 min ago	81.97 bp	170.7 bp −$171	172.5 bp −$1,725	180.3 bp −$18.0K	194.8 bp −$97.4K
Sell Bitget live order book, 3 min ago	0.47 bp	8.8 bp −$9	14.3 bp −$143	26.9 bp −$2,690	doesn't fit

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	−0.0266%	1h	10.741	−0.081%	$3.7M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0215%	1h	10.739	−0.100%	$280K	$324K	10x	as long as short
SoDEX AVAX-USD	−0.0087%	1h	10.736	−0.128%	$18K	$68K	10x	as long as short
Variational Omni AVAX	−0.0081%	8h	10.763	+0.120%	$3.0M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0073%	8h	10.738	−0.110%	$13.8M	$28.9M	75x	as long as short
Phemex AVAXUSDT	−0.0069%	8h	10.737	−0.119%	$28.6M	$5.6M	50x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	10.750	long leg	$92K	$111K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.741	−0.082%	$4.8M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.743	−0.060%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.095%	$17K	$151K	12x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AVAX_USDT_Perp	+0.0058%	8h	10.765	+0.139%	$337K	$1.2M	10x	as long as short
Paradex AVAX-USD-PERP	+0.0083%	8h	10.741	−0.079%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.738	−0.108%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.740	−0.091%	$22K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.752	+0.021%	$35.8M	$40.3M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.746	−0.037%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.750	−0.001%	$270K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.737	−0.119%	$113.2M	$393.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.735	−0.137%	$83.9M	$137.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.735	−0.137%	$19.0M	$105.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.739	−0.100%	$53.0M	$79.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.738	−0.110%	$13.9M	$21.0M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	10.734	−0.147%	$32.8M	$45.3M	75x
BingX AVAX-USDT	+0.0100%	8h	10.738	−0.110%	—	$53.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.741	−0.082%	$437K	$534K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.749	−0.007%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.747	−0.026%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.747	−0.026%	$232K	$239K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.769	+0.182%	$11K	$770K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.738	−0.114%	$332K	$855K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.734	−0.146%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.913	+1.515%	$251K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.761	+0.104%	$853K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.741	−0.082%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.736	−0.130%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.741	−0.084%	$227K	—	120x	as long as short