Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.041%

Price spread now: Variational Omni against dYdX−0.036%7-day average −0.017% · you buy dearer than you sell

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

Long on dYdX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.575%+$57 · spread now −0.036%, 7d avg −0.017%

Together, before fees+0.536%+ Points / potential airdropVariational Omni: Active · farm board+$54 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	11.148	0	get 0.0000% / 1h	6m 25s	$103K	$87K	10x
Short	Variational Omni AVAX	11.144	0.0100	get 0.0100% / 8h	5h 06m	$2.9M	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.036%Rate

Funding earned: $21
Price spread: −0.036% → −0.017%: −$1.96
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.04
Costs to cover: 0.100%
Break-even: 4.0 days

Slippage unknown: dYdX: live order book, 57 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 57 min ago	135.84 bp	140.8 bp −$141	140.8 bp −$1,408	142.0 bp −$14.2K	155.3 bp −$77.7K
Sell Variational Omni RFQ quote, 3 min ago	3.19 bp	doesn't fit	11.2 bp −$112	doesn't fit	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
Injective AVAX/USDC PERP	−0.1374%	1h	11.120	−0.255%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.143	−0.048%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0064%	1h	11.151	+0.023%	$287K	$397K	10x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.148	long leg	$103K	$87K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.143	−0.047%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.146	−0.019%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.150	+0.019%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.147	−0.012%	$16K	$563K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.145	−0.028%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.150	+0.011%	$2.3M	$1.2M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.153	+0.044%	$291K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.145	−0.030%	$119.1M	$430.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.143	−0.048%	$88.4M	$137.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.147	−0.012%	$20.4M	$116.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.147	−0.012%	$12.2M	$35.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.146	−0.021%	$48.9M	$79.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.148	−0.003%	$15.7M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.143	−0.048%	$33.5M	$48.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.146	−0.021%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.147	−0.012%	$330K	$523K	15x	as long as short
Variational Omni AVAXshort	+0.0100%	8h	11.144	−0.036%	$2.9M	$2.3M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.149	+0.006%	$354K	$822K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.148	−0.003%	$179K	$674K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.148	−0.003%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.155	+0.059%	$196K	$312K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.177	+0.258%	$12K	$702K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.146	−0.021%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.149	+0.005%	$366K	$866K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.147	−0.012%	$29.8M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.144	−0.043%	$684K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.147	−0.009%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.145	−0.030%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.155	+0.059%	$894K	$5.4M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.143	−0.052%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.147	−0.013%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0600%	1h	11.162	+0.122%	$43.6M	$42.4M	10x	as long as short