Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h 0.000%

Price spread now: dYdX against Gate−0.022%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$319as in the Funding arb table

Net, price: spread back to 7d avg − costs−$313as in the Price arb table

costs, in and out, $10k−$3103.099% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.022%, 7d avg +0.006%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.027% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.223	0.0100	pay 0.0100% / 8h	18m 19s	$12.5M	$40.3M	75x
Short	dYdX AVAX-USD	11.221	0	get 0.0000% / 1h	18m 19s	$103K	$111K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$21
Price spread: −0.022% → +0.006%: −$2.74
Slippage, 4 orders: −$284.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$333.66
Costs to cover: 3.099%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; dYdX: live order book, 61 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 Gate live order book, 6 min ago	0.89 bp	16.1 bp −$16	22.0 bp −$220	40.2 bp −$4,020	68.6 bp −$34.3K
Sell dYdX live order book, 61 min ago	133.65 bp	138.7 bp −$139	139.4 bp −$1,394	140.2 bp −$14.0K	181.0 bp −$90.5K

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	−0.1451%	1h	11.190	−0.294%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.222	−0.009%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0098%	1h	11.222	−0.004%	$296K	$877K	10x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	11.221	−0.022%	$103K	$111K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.227	+0.035%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0088%	8h	11.220	−0.027%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.225	+0.014%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.223	0.000%	$18K	$665K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.222	−0.011%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.225	+0.017%	$2.3M	$1.7M	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	11.225	+0.018%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.223	+0.001%	$120.1M	$511.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.224	+0.009%	$89.4M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.222	−0.009%	$20.3M	$143.4M	50x	as long as short
Gate AVAX_USDTlong	+0.0100%	8h	11.223	long leg	$12.5M	$40.3M	75x
MEXC AVAX_USDT	+0.0100%	8h	11.222	−0.009%	$50.4M	$93.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.227	+0.036%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.224	+0.009%	$34.2M	$57.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.223	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.221	−0.018%	$359K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.225	+0.015%	$351K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.227	+0.036%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.226	+0.027%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.233	+0.089%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.254	+0.276%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.223	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.217	−0.053%	$363K	$999K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.221	−0.018%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.220	−0.023%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.223	0.000%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.223	0.000%	$5.0M	$7.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.223	−0.001%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.228	+0.047%	$4.6M	$13.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.231	+0.071%	$912K	$7.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0428% / S −0.0286%	1h	11.226	+0.027%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0806%	1h	11.244	+0.187%	$43.7M	$54.9M	10x	as long as short