Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.003%

Price spread now: Bybit against dYdX−0.049%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$285as in the Funding arb table

Net, price: spread back to 7d avg − costs−$296as in the Price arb table

costs, in and out, $10k−$2942.943% of the position

Long on dYdX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.049%, 7d avg −0.034%

Together, before fees+0.134%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	11.264	0	get 0.0000% / 1h	14m 45s	$104K	$106K	10x
Short	Bybit AVAXUSDT	11.259	0.0100	get 0.0100% / 8h	1h 14m	$89.2M	$157.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.049%Rate

Funding earned: $21
Price spread: −0.049% → −0.034%: −$1.43
Slippage, 4 orders: −$273.29
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$274.72
Costs to cover: 2.943%
Break-even: 98.6 days

Slippage from dYdX: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	133.65 bp	139.9 bp −$140	141.2 bp −$1,412	141.3 bp −$14.1K	145.7 bp −$72.8K
Sell Bybit live order book, 4 min ago	0.44 bp	7.5 bp −$8	12.5 bp −$125	31.3 bp −$3,133	doesn't fit

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	−0.0570%	1h	11.210	−0.484%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.248	−0.146%	$5.3M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0038%	1h	11.245	−0.173%	$297K	$893K	10x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.264	long leg	$104K	$106K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.251	−0.122%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0009%	8h	11.260	−0.039%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.264	−0.006%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.250	−0.129%	$18K	$684K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.253	−0.099%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.261	−0.034%	$2.3M	$1.8M	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	11.266	+0.013%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.261	−0.028%	$120.6M	$524.6M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.259	−0.049%	$89.2M	$157.2M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.254	−0.093%	$20.3M	$146.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.261	−0.031%	$12.4M	$40.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.261	−0.031%	$52.1M	$100.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.270	+0.049%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.264	−0.004%	$34.2M	$60.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.259	−0.049%	—	$89.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.260	−0.040%	$360K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.260	−0.040%	$360K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.263	−0.013%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.252	−0.111%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.258	−0.058%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.281	+0.144%	$12K	$732K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.257	−0.067%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.249	−0.133%	$364K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.256	−0.075%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.259	−0.047%	$672K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.253	−0.106%	$258K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.268	+0.031%	$912K	$8.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.251	−0.120%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.249	−0.142%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0409% / S −0.0255%	1h	11.251	−0.121%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0614%	1h	11.276	+0.102%	$43.6M	$56.8M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.264	−0.007%	$4.6M	$13.5M	50x	as long as short