Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.020%

Price spread now: dYdX against BingX+0.052%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$311as in the Funding arb table

Net, price: spread back to 7d avg − costs−$291as in the Price arb table

costs, in and out, $10k−$2942.940% of the position

Long on BingX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.165%−$17 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.052%, 7d avg +0.020%

Together, before fees−0.181%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.032% dearer against BingX than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of +0.020%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDT	11.149	0.0100	pay 0.0100% / 8h	5h 07m	—	$81.4M	—
Short	dYdX AVAX-USD	11.155	0	get 0.0000% / 1h	7m 46s	$103K	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BingX. 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 BingXbpFee dYdXbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$21
Price spread: +0.052% → +0.020%: $3.15
Slippage, 4 orders: −$274.01
Fee BingX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$311.86
Costs to cover: 2.940%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; dYdX: live order book, 56 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 BingX live order book, 11 min ago	0.89 bp	5.9 bp −$6	6.0 bp −$60	7.9 bp −$785	16.9 bp −$8,459
Sell dYdX live order book, 56 min ago	135.84 bp	140.8 bp −$141	144.7 bp −$1,447	146.5 bp −$14.7K	169.9 bp −$85.0K

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	−0.1374%	1h	11.120	−0.260%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.153	+0.036%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0067%	1h	11.154	+0.045%	$287K	$397K	10x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	11.155	+0.052%	$103K	$87K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.155	+0.055%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.158	+0.081%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.150	+0.006%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.153	+0.036%	$16K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.149	+0.004%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.153	+0.038%	$2.3M	$1.2M	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	11.154	+0.043%	$291K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.150	+0.010%	$119.2M	$430.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.149	0.000%	$88.5M	$137.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.151	+0.018%	$20.4M	$116.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.149	0.000%	$12.2M	$35.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.150	+0.009%	$48.9M	$79.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.152	+0.027%	$15.8M	$21.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.146	−0.027%	$33.5M	$48.4M	75x	as long as short
BingX AVAX-USDTlong	+0.0100%	8h	11.149	long leg	—	$81.4M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.154	+0.045%	$330K	$523K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.144	−0.042%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.152	+0.030%	$354K	$822K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.178	+0.260%	$180K	$675K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.155	+0.054%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.162	+0.117%	$196K	$312K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.180	+0.280%	$12K	$702K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.155	+0.054%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.152	+0.030%	$366K	$866K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.157	+0.072%	$29.8M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.147	−0.014%	$684K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.147	−0.018%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.139	−0.090%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.155	+0.054%	$894K	$5.4M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.150	+0.009%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.155	+0.053%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0595%	1h	11.169	+0.179%	$43.6M	$42.4M	10x	as long as short