Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.041%

Price spread now: dYdX against Variational Omni−0.050%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 Variational Omni Short on dYdX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.489%−$49 · spread now −0.050%, 7d avg +0.017%

Together, before fees−0.450%+ Points / potential airdropVariational Omni: Active · farm board−$45 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 0.067% cheaper against Variational Omni than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	10.927	0.0100	pay 0.0100% / 8h	3h 21m	$2.9M	$2.2M	—
Short	dYdX AVAX-USD	10.922	0	get 0.0000% / 1h	21m 36s	$96K	$97K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. 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 Variational OmnibpFee dYdXbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$21
Price spread: −0.050% → +0.017%: −$6.66
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$37.66
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; 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 Variational Omni RFQ quote, 3 min ago	3.20 bp	doesn't fit	13.4 bp −$134	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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	10.890	−0.343%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0025%	1h	10.902	−0.233%	$5.0M	$7.6M	25x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	10.922	−0.050%	$96K	$97K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.906	−0.196%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.904	−0.215%	$4.2M	$11.1M	50x	as long as short
Nado AVAX-PERP	+0.0034%	1h	10.902	−0.233%	$283K	$318K	10x	as long as short
Gate AVAX_USDT	+0.0088%	8h	10.917	−0.096%	$12.2M	$32.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.916	−0.105%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.898	−0.270%	$6K	$443K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.920	−0.073%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	10.917	−0.094%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.924	−0.032%	$275K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.921	−0.059%	$114.8M	$423.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.915	−0.114%	$82.7M	$140.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.921	−0.059%	$19.7M	$111.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.922	−0.050%	$45.4M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.923	−0.041%	$15.1M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.920	−0.068%	$33.0M	$47.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.921	−0.059%	—	$54.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.901	−0.242%	$371K	$548K	15x	as long as short
Variational Omni AVAXlong	+0.0100%	8h	10.927	long leg	$2.9M	$2.2M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.931	+0.032%	$352K	$953K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.943	+0.142%	$176K	$666K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.906	−0.197%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.909	−0.169%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.932	+0.038%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.902	−0.233%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.896	−0.283%	$359K	$787K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.906	−0.197%	$29.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.918	−0.082%	$673K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.899	−0.260%	$250K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.925	−0.023%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.906	−0.197%	$887K	$5.1M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.902	−0.231%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0269%	1h	10.927	−0.004%	$41.9M	$40.3M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0285%	1h	10.906	−0.193%	$235K	—	120x	as long as short