Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.015%

Price spread now: MEXC against dYdX+0.001%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$269as in the Funding arb table

Net, price: spread back to 7d avg − costs−$284as in the Price arb table

costs, in and out, $10k−$2832.829% of the position

Long on dYdX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.001%, 7d avg +0.008%

Together, before fees+0.131%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, 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	11.136	0	get 0.0000% / 1h	38m 46s	$97K	$97K	10x
Short	MEXC AVAX_USDT	11.136	0.0100	get 0.0100% / 8h	4h 38m	$47.9M	$77.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.001%Rate

Funding earned: $21
Price spread: +0.001% → +0.008%: −$0.72
Slippage, 4 orders: −$272.85
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$262.57
Costs to cover: 2.829%
Break-even: 94.5 days

Slippage from dYdX: live order book, 85 min ago; MEXC: live order book, 5 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, 85 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 MEXC live order book, 5 min ago	0.45 bp	0.7 bp −$1	2.7 bp −$27	22.0 bp −$2,203	95.3 bp −$47.7K

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	−0.1423%	1h	11.120	−0.143%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0031%	1h	11.159	+0.208%	$287K	$373K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.139	+0.028%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.136	long leg	$97K	$97K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.150	+0.129%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.138	+0.015%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.152	+0.145%	$16K	$579K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.134	−0.018%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.142	+0.050%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.139	+0.028%	$290K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.134	−0.016%	$118.2M	$427.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.135	−0.008%	$88.5M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.136	+0.001%	$20.4M	$115.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.142	+0.055%	$12.2M	$34.1M	75x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	11.136	+0.001%	$47.9M	$77.6M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.141	+0.046%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.140	+0.037%	$33.4M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.137	+0.010%	—	$78.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.136	+0.001%	$336K	$520K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.161	+0.229%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.157	+0.187%	$352K	$845K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.154	+0.163%	$179K	$673K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.154	+0.163%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.147	+0.100%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.178	+0.375%	$12K	$705K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.138	+0.019%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.138	+0.019%	$365K	$826K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.138	+0.019%	$29.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.134	−0.015%	$689K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.137	+0.015%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.139	+0.026%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.139	+0.028%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.158	+0.199%	$892K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.149	+0.115%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.150	+0.125%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0604%	1h	11.152	+0.145%	$43.2M	$42.3M	10x	as long as short