Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.040%

Price spread now: BloFin against dYdX−0.045%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$217as in the Price arb table

costs, in and out, $10k−$2132.129% of the position

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

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

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.045% cheaper against dYdX than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 16 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	10.740	0	get 0.0000% / 1h	4m 31s	$89K	$117K	10x
Short	BloFin AVAX-USDT	10.735	0.0220	get 0.0220% / 8h	2h 04m	$4.6M	$5.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.045%Rate

Funding earned: $46.2
Price spread: −0.045% → 0.000%: −$4.52
Slippage, 4 orders: −$190.91
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$171.23
Costs to cover: 2.129%
Break-even: 32.9 days

Slippage from dYdX: live order book, 44 min ago; BloFin: live order book, 4 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, 44 min ago	92.37 bp	97.4 bp −$97	97.4 bp −$974	248.6 bp −$24.9K	516.1 bp −$258.0K
Sell BloFin live order book, 4 min ago	0.93 bp	10.4 bp −$10	14.8 bp −$148	34.3 bp −$3,431	83.5 bp −$41.8K

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
Injective AVAX/USDC PERP	−0.1423%	1h	10.760	+0.188%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.737	−0.027%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0099%	1h	10.739	−0.008%	$285K	$338K	10x	as long as short
Variational Omni AVAX	−0.0030%	8h	10.729	−0.105%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USDlong	0.0000%	1h	10.740	long leg	$89K	$117K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.734	−0.054%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.735	−0.044%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0042%	8h	10.735	−0.045%	$12.6M	$33.1M	75x	as long as short
Bybit AVAXUSDT	+0.0083%	8h	10.737	−0.027%	$82.5M	$149.0M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.738	−0.014%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.736	−0.036%	$18K	$431K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.739	−0.006%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.749	+0.085%	$37.7M	$44.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.736	−0.040%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.739	−0.008%	$269K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.735	−0.045%	$114.5M	$433.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.735	−0.045%	$18.8M	$114.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.739	−0.008%	$45.7M	$81.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.735	−0.045%	$13.3M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.736	−0.036%	$32.5M	$49.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.736	−0.036%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.738	−0.017%	$429K	$589K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.721	−0.176%	$335K	$999K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.723	−0.157%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.740	+0.001%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.738	−0.017%	$231K	$340K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.764	+0.225%	$11K	$767K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.733	−0.064%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.732	−0.068%	$345K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.737	−0.027%	$28.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.732	−0.074%	$615K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.730	−0.092%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.750	+0.094%	$935K	$5.2M	50x	as long as short
BloFin AVAX-USDTshort	+0.0220%	8h	10.735	−0.045%	$4.6M	$5.7M	100x
Reya AVAXRUSDPERP	+0.0245%	1h	10.735	−0.042%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.738	−0.015%	$227K	—	120x	as long as short