AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.028%

Price spread now: dYdX against Popdex+0.028%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$292as in the Price arb table

costs, in and out, $10k−$2972.970% of the position

Long on Popdex Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.095%−$10 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.028%, 7d avg −0.018%

Together, before fees−0.132%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.046% dearer against Popdex than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.018%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	11.213	0.0096	pay 0.0012% / 1h	14m 34s	$18K	$663K	50x
Short	dYdX AVAX-USD	11.216	0	get 0.0000% / 1h	14m 34s	$103K	$111K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Popdex. 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 PopdexbpFee dYdXbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$20.16
Price spread: +0.028% → −0.018%: $4.57
Slippage, 4 orders: −$280.6
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$312.58
Costs to cover: 2.970%
Break-even: never at this rate

Slippage from Popdex: live order book, 65 min ago; dYdX: live order book, 64 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 Popdex live order book, 65 min ago	4.89 bp	8.9 bp −$9	18.8 bp −$188	doesn't fit	doesn't fit
Sell dYdX live order book, 64 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	−0.205%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0196%	1h	11.216	+0.027%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0099%	1h	11.207	−0.058%	$296K	$877K	10x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	11.216	+0.028%	$103K	$111K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.221	+0.071%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0094%	8h	11.223	+0.088%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.215	+0.018%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDTlong	+0.0096%	1h	11.213	long leg	$18K	$663K	50x
Paradex AVAX-USD-PERP	+0.0100%	8h	11.214	+0.006%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.216	+0.023%	$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	11.217	+0.037%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.217	+0.033%	$120.0M	$511.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.216	+0.027%	$89.3M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.216	+0.027%	$20.3M	$143.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.214	+0.009%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.210	−0.027%	$50.4M	$93.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.213	0.000%	$15.7M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.218	+0.045%	$34.2M	$57.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.208	−0.045%	—	$86.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.221	+0.071%	$359K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.220	+0.062%	$351K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.225	+0.107%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.222	+0.080%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.227	+0.125%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.250	+0.329%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.218	+0.045%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.217	+0.040%	$362K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.217	+0.036%	$30.1M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.205	−0.072%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.215	+0.018%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.222	+0.080%	$5.0M	$7.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.216	+0.031%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.225	+0.104%	$4.6M	$13.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.228	+0.134%	$912K	$7.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0429% / S −0.0288%	1h	11.220	+0.065%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0805%	1h	11.232	+0.169%	$43.6M	$54.9M	10x	as long as short