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: BingX against dYdX+0.057%49s7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$288as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3043.045% of the position

Long on dYdX Short on BingX

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)−0.072%−$7 · spread now +0.057%, 7d avg −0.021%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.077% dearer against dYdX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.021%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	11.108	0	get 0.0000% / 1h	54m 52s	$102K	$87K	10x
Short	BingX AVAX-USDC	11.114	0.0100	get 0.0100% / 8h	5h 54m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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 dYdXbpFee BingXbpOrdersPrice spread, now +0.057%Rate

Funding earned: $21
Price spread: +0.057% → −0.021%: $7.73
Slippage, 4 orders: −$284.46
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$275.73
Costs to cover: 3.045%
Break-even: 98.9 days

Slippage from dYdX: live order book, 9 min ago; BingX: live order book, 11 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 dYdX live order book, 9 min ago	135.84 bp	140.8 bp −$141	140.8 bp −$1,408	142.0 bp −$14.2K	155.3 bp −$77.7K
Sell BingX live order book, 11 min ago	0.90 bp	14.2 bp −$14	27.3 bp −$273	85.0 bp −$8,500	529.2 bp −$264.6K

AVAX on 35 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	11.060	−0.430%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.099	−0.079%	$5.2M	$8.0M	25x	as long as short
Nado AVAX-PERP	−0.0045%	1h	11.102	−0.052%	$286K	$453K	10x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.108	long leg	$102K	$87K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.101	−0.056%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0046%	1h	11.108	+0.001%	$4.3M	$11.6M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.108	−0.001%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.104	−0.034%	$15K	$567K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.107	−0.004%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.115	+0.064%	$2.3M	$1.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.112	+0.042%	$290K	$113K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.117	+0.084%	$118.7M	$440.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.119	+0.102%	$88.3M	$139.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.117	+0.084%	$20.0M	$119.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.114	+0.057%	$12.1M	$34.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.114	+0.057%	$48.4M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.115	+0.066%	$15.5M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.111	+0.030%	$33.3M	$49.2M	75x	as long as short
BingX AVAX-USDCshort	+0.0100%	8h	11.114	+0.057%	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.111	+0.030%	$355K	$499K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.151	+0.387%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.099	−0.079%	$351K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.104	−0.034%	$178K	$680K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.106	−0.016%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.104	−0.034%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.135	+0.245%	$12K	$702K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.103	−0.043%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.100	−0.074%	$360K	$853K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.104	−0.034%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.111	+0.032%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.095	−0.110%	$255K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.113	+0.048%	$901K	$5.6M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.098	−0.085%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0288%	1h	11.127	+0.174%	$43.3M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.101	−0.058%	$236K	—	120x	as long as short