Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.004%

Price spread now: Orderly against dYdX+0.148%80s7-day average +0.044% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.148%, 7d avg +0.044%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.105% dearer against dYdX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.044%. The two prices were read 80 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	10.742	0	get 0.0000% / 1h	25m 07s	$89K	$117K	10x
Short	Orderly PERP_AVAX_USDC	10.758	0.0100	get 0.0100% / 8h	1h 25m	$231K	$346K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.148%Rate

Funding earned: $21
Price spread: +0.148% → +0.044%: $10.45
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $15.45
Costs to cover: 0.160%
Break-even: 1.8 days

Slippage unknown: dYdX: live order book, 19 min ago; Orderly: no order-book sample. Net counts fees only.

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, 19 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 Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0193%	1h	10.754	+0.111%	$285K	$340K	10x	as long as short
Variational Omni AVAX	−0.0050%	8h	10.738	−0.041%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USDlong	0.0000%	1h	10.742	long leg	$89K	$117K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.753	+0.102%	$4.9M	$7.1M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.745	+0.032%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0029%	8h	10.756	+0.130%	$12.8M	$32.2M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.167%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0088%	8h	10.755	+0.125%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.743	+0.009%	$81.4M	$146.3M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.746	+0.040%	$1.2M	$2.5M	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	10.756	+0.130%	$27K	$427K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.755	+0.120%	$37.5M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.749	+0.065%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.759	+0.157%	$270K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.748	+0.055%	$114.4M	$424.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.743	+0.009%	$18.8M	$112.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.748	+0.055%	$45.6M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.754	+0.111%	$13.7M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.742	−0.001%	$32.5M	$48.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.745	+0.027%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.751	+0.083%	$438K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.727	−0.141%	$341K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.730	−0.112%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.760	+0.167%	$136K	$352K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	10.758	+0.148%	$231K	$346K	20x
SunX AVAX-USDT	+0.0100%	8h	10.788	+0.427%	$11K	$765K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.750	+0.074%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.743	+0.011%	$338K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.750	+0.074%	$28.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.746	+0.036%	$611K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.746	+0.035%	$247K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0112%	1h	10.755	+0.123%	$4.3M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.732	−0.094%	$855K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.750	+0.074%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.739	−0.030%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.733	−0.089%	$226K	—	120x	as long as short