AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0200%/8h= −21.9% APRnext payment −$0.25 per $10,000 · paid last 24h −0.055%

Price spread now: dYdX against Coinbase International−0.458%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$254as in the Funding arb table

Net, price: spread back to 7d avg − costs−$258as in the Price arb table

costs, in and out, $10k−$2192.187% of the position

Long on Coinbase International Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.354%−$35 on $10k

Price spread, last 4 days (all we have)+0.491%+$49 · spread now −0.458%, 7d avg −0.067%

Together, before fees+0.137%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and dYdX is 0.391% cheaper against Coinbase International than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.067%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	10.734	0.0200	pay 0.0025% / 1h	45m 34s	$934K	$5.1M	50x
Short	dYdX AVAX-USD	10.685	0	get 0.0000% / 1h	45m 34s	$89K	$117K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Coinbase International. 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 Coinbase InternationalbpFee dYdXbpOrdersPrice spread, now −0.458%Rate

Funding earned: −$42
Price spread: −0.458% → −0.067%: −$39.11
Slippage, 4 orders: −$198.7
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$299.81
Costs to cover: 2.187%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; dYdX: live order book, 63 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 Coinbase International live order book, 3 min ago	4.66 bp	12.8 bp −$13	18.9 bp −$189	doesn't fit	doesn't fit
Sell dYdX live order book, 63 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
Nado AVAX-PERP	−0.0193%	1h	10.679	−0.512%	$286K	$338K	10x	as long as short
Variational Omni AVAX	−0.0039%	8h	10.678	−0.525%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USDshort	0.0000%	1h	10.685	−0.458%	$89K	$117K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.690	−0.410%	$4.8M	$7.2M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.690	−0.412%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0030%	8h	10.682	−0.484%	$12.6M	$32.1M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.242%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0063%	1h	10.686	−0.447%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0091%	8h	10.683	−0.473%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0094%	8h	10.680	−0.503%	$81.4M	$147.2M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.680	−0.507%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.685	−0.456%	$23K	$427K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.689	−0.421%	$37.3M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.688	−0.432%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.683	−0.475%	$268K	$132K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.681	−0.495%	$113.6M	$427.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.681	−0.494%	$18.7M	$112.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.682	−0.484%	$44.6M	$80.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.680	−0.503%	$13.6M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.680	−0.503%	$32.3M	$48.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.681	−0.494%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.690	−0.410%	$427K	$561K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.716	−0.171%	$340K	$1.0M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.718	−0.149%	$173K	$664K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.682	−0.484%	$135K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.694	−0.373%	$230K	$351K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.711	−0.215%	$12K	$764K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.685	−0.452%	$342K	$873K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.686	−0.447%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.680	−0.502%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.686	−0.450%	$245K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.692	−0.392%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0200%	1h	10.734	long leg	$934K	$5.1M	50x
BloFin AVAX-USDT	+0.0220%	8h	10.684	−0.466%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.677	−0.528%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.688	−0.427%	$226K	—	120x	as long as short