AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.008%

Price spread now: dYdX against Backpack+0.062%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$221as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$2152.152% of the position

Long on Backpack Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.062% dearer against Backpack than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.061% in total) that is about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVAX_USDC_PERP	10.642	0.0100	pay 0.0013% / 1h	35m 23s	$370K	$538K	15x
Short	dYdX AVAX-USD	10.649	0	get 0.0000% / 1h	35m 23s	$88K	$106K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. 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 BackpackbpFee dYdXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$21
Price spread: +0.062% → 0.000%: $6.25
Slippage, 4 orders: −$195.22
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$229.97
Costs to cover: 2.152%
Break-even: never at this rate

Slippage from Backpack: live order book, 13 min ago; dYdX: live order book, 13 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 Backpack live order book, 13 min ago	0.47 bp	14.2 bp −$14	49.9 bp −$499	doesn't fit	doesn't fit
Sell dYdX live order book, 13 min ago	92.37 bp	97.4 bp −$97	97.4 bp −$974	182.1 bp −$18.2K	548.2 bp −$274.1K

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	−0.1423%	1h	10.760	+1.109%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0280%	1h	10.641	−0.006%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0026%	1h	10.654	+0.113%	$291K	$338K	10x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	10.649	+0.062%	$88K	$106K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.640	−0.019%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.655	+0.122%	$12K	—	150x	as long as short
Variational Omni AVAX	+0.0008%	8h	10.633	−0.086%	$2.8M	$2.1M	—	as long as short
Gate AVAX_USDT	+0.0034%	8h	10.644	+0.019%	$12.1M	$32.5M	75x	as long as short
Polymarket Perps AVAX-USD	+0.0084%	1h	10.657	+0.141%	$133K	$355K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.643	+0.010%	$1.2M	$2.6M	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	10.657	+0.141%	$18K	$448K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.649	+0.064%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.663	+0.197%	$38.1M	$43.5M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.653	+0.102%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.650	+0.075%	$268K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.654	+0.114%	$113.2M	$430.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.647	+0.047%	$78.9M	$144.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.652	+0.094%	$18.7M	$112.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.658	+0.150%	$42.5M	$79.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.651	+0.085%	$13.3M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.653	+0.103%	$32.1M	$49.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.653	+0.103%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERPlong	+0.0100%	1h	10.642	long leg	$370K	$538K	15x
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.624	−0.167%	$336K	$957K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.627	−0.141%	$172K	$664K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.646	+0.038%	$168K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.680	+0.352%	$12K	$755K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.639	−0.028%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.649	+0.061%	$344K	$794K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.646	+0.038%	$28.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.642	+0.002%	$641K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.640	−0.015%	$244K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.638	−0.038%	$839K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.637	−0.047%	$4.7M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.651	+0.088%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0273%	1h	10.654	+0.110%	$232K	—	120x	as long as short