Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.015%

Price spread now: MEXC against dYdX+0.024%47s7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$288as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3023.023% of the position

Long on dYdX Short on MEXC

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)−0.023%−$2 · spread now +0.024%, 7d avg +0.005%

Together, before fees+0.120%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	10.687	0	get 0.0000% / 1h	57m 49s	$91K	$111K	10x
Short	MEXC AVAX_USDT	10.690	0.0100	get 0.0100% / 8h	57m 49s	$45.8M	$78.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.024%Rate

Funding earned: $21
Price spread: +0.024% → +0.005%: $1.87
Slippage, 4 orders: −$292.28
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$279.41
Costs to cover: 3.023%
Break-even: 100.1 days

Slippage from dYdX: live order book, 46 min ago; MEXC: live order book, 1 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, 46 min ago	143.38 bp	149.3 bp −$149	150.2 bp −$1,502	163.6 bp −$16.4K	172.4 bp −$86.2K
Sell MEXC live order book, 1 min ago	0.47 bp	1.3 bp −$1	4.3 bp −$43	42.4 bp −$4,237	103.1 bp −$51.6K

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	−0.051%	$281K	$335K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.688	+0.007%	$3.8M	$12.0M	50x	as long as short
Variational Omni AVAX	−0.0067%	8h	10.666	−0.204%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USDlong	0.0000%	1h	10.687	long leg	$91K	$111K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.693	+0.052%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.691	+0.035%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0012%	8h	10.691	+0.033%	$12.9M	$30.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.679%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0083%	8h	10.683	−0.046%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0084%	8h	10.683	−0.042%	$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	10.685	−0.018%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.684	−0.032%	$25K	$472K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.694	+0.066%	$37.2M	$43.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.693	+0.053%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.689	+0.013%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.689	+0.014%	$113.0M	$418.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.685	−0.023%	$18.8M	$110.8M	50x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	10.690	+0.024%	$45.8M	$78.7M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.691	+0.033%	$13.6M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.688	+0.005%	$32.4M	$48.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.688	+0.005%	—	$54.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.695	+0.070%	$436K	$557K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.669	−0.174%	$339K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.675	−0.117%	$172K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.688	+0.005%	$134K	$347K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.697	+0.089%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.714	+0.248%	$11K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.689	+0.014%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.684	−0.037%	$325K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.690	+0.024%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.686	−0.018%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.684	−0.028%	$245K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.684	−0.032%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.694	+0.061%	$850K	$5.1M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.681	−0.058%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.692	+0.038%	$226K	—	120x	as long as short