Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0099%/8h= −10.9% APRpaid last 24h −0.022%

Price spread now: dYdX against Paradex+0.022%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. dYdX is 0.022% dearer against Paradex than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AVAX-USD-PERP	10.928	0.0099	pay 0.0099% / 8h	3h 17m	$12K	$212	20x
Short	dYdX AVAX-USD	10.931	0	get 0.0000% / 1h	17m 20s	$96K	$96K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Paradex. 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 ParadexbpFee dYdXbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$20.84
Price spread: +0.022% → 0.000%: $2.16
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$32.68
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; dYdX: 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 Paradex no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Paradex and dYdX: 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
Injective AVAX/USDC PERP	−0.1421%	1h	10.860	−0.626%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0116%	1h	10.922	−0.059%	$5.0M	$7.4M	25x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	10.931	+0.022%	$96K	$96K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.929	+0.005%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.924	−0.041%	$4.2M	$11.0M	50x	as long as short
Nado AVAX-PERP	+0.0030%	1h	10.923	−0.050%	$284K	$308K	10x	as long as short
Gate AVAX_USDT	+0.0083%	8h	10.925	−0.031%	$12.3M	$32.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.930	+0.014%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.926	−0.022%	$7K	$448K	50x	as long as short
Paradex AVAX-USD-PERPlong	+0.0099%	8h	10.928	long leg	$12K	$212	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	10.925	−0.031%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.933	+0.039%	$275K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.926	−0.022%	$114.7M	$418.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.920	−0.077%	$82.7M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.926	−0.022%	$19.8M	$110.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.927	−0.013%	$45.5M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.926	−0.022%	$15.0M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.924	−0.040%	$32.9M	$47.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.923	−0.050%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.925	−0.031%	$371K	$546K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.916	−0.117%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.921	−0.068%	$351K	$945K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.938	+0.088%	$176K	$665K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.926	−0.022%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.933	+0.042%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.953	+0.221%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.921	−0.068%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.922	−0.054%	$359K	$777K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.926	−0.022%	$29.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.922	−0.054%	$673K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.919	−0.090%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.932	+0.033%	$4.9M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.936	+0.069%	$891K	$4.8M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.921	−0.066%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0250%	1h	10.940	+0.106%	$42.0M	$40.3M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0279%	1h	10.929	+0.001%	$237K	—	120x	as long as short