Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.022%

Price spread now: dYdX against Aster+0.129%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$329as in the Funding arb table

Net, price: spread back to 7d avg − costs−$300as in the Price arb table

costs, in and out, $10k−$3123.125% of the position

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.129%, 7d avg +0.003%

Together, before fees−0.313%+ Points / potential airdropAster: Stage 5 · farm board−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.126% dearer against Aster than usual: you sell high and buy low (spread +0.129% now, against its 7-day average of +0.003%): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.311	0.0100	pay 0.0100% / 8h	2h 04m	$2.3M	$1.9M	75x
Short	dYdX AVAX-USD	11.325	0	get 0.0000% / 1h	4m 04s	$99K	$115K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Aster. 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 AsterbpFee dYdXbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$21
Price spread: +0.129% → +0.003%: $12.63
Slippage, 4 orders: −$294.49
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$320.86
Costs to cover: 3.125%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; dYdX: live order book, 20 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 Aster live order book, 4 min ago	1.76 bp	9.1 bp −$9	17.2 bp −$172	doesn't fit	doesn't fit
Sell dYdX live order book, 20 min ago	142.74 bp	147.7 bp −$148	153.7 bp −$1,537	191.3 bp −$19.1K	231.6 bp −$115.8K

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
Deribit AVAX_USDC-PERPETUAL	−0.0192%	1h	11.304	−0.060%	$5.4M	$9.3M	25x	as long as short
Nado AVAX-PERP	−0.0077%	1h	11.312	+0.011%	$298K	$958K	10x	as long as short
Variational Omni AVAX	−0.0076%	8h	11.354	+0.386%	$3.1M	$2.2M	—	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.300	−0.095%	$17K	$152K	12x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	11.325	+0.129%	$99K	$115K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.306	−0.045%	$16K	—	150x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.358	+0.417%	$997K	$8.4M	50x	as long as short
Gate AVAX_USDT	+0.0072%	8h	11.310	−0.007%	$12.7M	$40.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0096%	8h	11.317	+0.055%	$20.4M	$149.2M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.305	−0.053%	$1.3M	$3.3M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	11.308	−0.025%	$12K	$704K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.328	+0.153%	$13K	$766	20x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.311	long leg	$2.3M	$1.9M	75x
Pacifica AVAX	+0.0100%	1h	11.326	+0.136%	$301K	$121K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.316	+0.046%	$121.5M	$536.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.319	+0.072%	$91.1M	$156.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.312	+0.011%	$55.4M	$110.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.314	+0.028%	$16.5M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.313	+0.019%	$34.8M	$61.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.314	+0.028%	—	$90.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.314	+0.028%	$341K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.320	+0.080%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.368	+0.506%	$186K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.310	−0.007%	$134K	$485K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.312	+0.011%	$203K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.332	+0.189%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.306	−0.042%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.313	+0.015%	$365K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.308	−0.025%	$30.3M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.303	−0.071%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.300	−0.098%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.311	+0.002%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.307	−0.033%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.313	+0.016%	$4.6M	$13.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.304	−0.056%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0683%	1h	11.332	+0.187%	$44.0M	$58.6M	10x	as long as short