Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.106%

Price spread now: Deribit against dYdX+0.018%7-day average −0.016% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.450%−$45 on $10k

Price spread, last 4 days (all we have)−0.519%−$52 · spread now +0.018%, 7d avg −0.016%

Together, before fees−0.970%−$97 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.034% dearer against dYdX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	10.922	0	get 0.0000% / 1h	21m 24s	$96K	$97K	10x
Short	Deribit AVAX_USDC-PERPETUAL	10.924	0	get 0.0000% / 1h	21m 24s	$5.0M	$7.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → −0.016%: $3.45
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$13.55
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Deribit: live order book, 3 min ago. Net counts fees only.

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 no order-book sample	—	—	—	—	—
Sell Deribit live order book, 3 min ago	1.37 bp	5.4 bp −$5	15.4 bp −$154	doesn't fit	doesn't fit

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1421%	1h	10.860	−0.568%	$17K	$151K	12x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	10.922	long leg	$96K	$97K	10x
Deribit AVAX_USDC-PERPETUALshort	0.0000%	1h	10.924	+0.018%	$5.0M	$7.6M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.925	+0.027%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.927	+0.047%	$4.2M	$11.1M	50x	as long as short
Nado AVAX-PERP	+0.0031%	1h	10.917	−0.048%	$283K	$309K	10x	as long as short
Gate AVAX_USDT	+0.0088%	8h	10.921	−0.009%	$12.2M	$32.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.916	−0.055%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.923	+0.009%	$7K	$454K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.920	−0.023%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	10.918	−0.039%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.924	+0.018%	$275K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.922	0.000%	$114.8M	$423.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.917	−0.046%	$82.7M	$140.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.922	0.000%	$19.7M	$111.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.920	−0.019%	$45.4M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.924	+0.018%	$15.1M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.919	−0.028%	$32.9M	$47.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.920	−0.019%	—	$54.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.901	−0.193%	$371K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.927	+0.050%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.931	+0.082%	$352K	$953K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.931	+0.082%	$176K	$665K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.921	−0.009%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.930	+0.073%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.954	+0.290%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.924	+0.018%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.924	+0.013%	$360K	$776K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.922	0.000%	$29.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.917	−0.044%	$673K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.918	−0.036%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.925	+0.027%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.923	+0.009%	$890K	$4.8M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.917	−0.050%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0268%	1h	10.935	+0.119%	$41.9M	$40.3M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0279%	1h	10.925	+0.024%	$237K	—	120x	as long as short