Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.004%

Price spread now: Orderly against dYdX+0.169%7-day average +0.044% · you sell dearer than you buy

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

Long on dYdX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 4 days (all we have)−0.145%−$15 · spread now +0.169%, 7d avg +0.044%

Together, before fees−0.005%$0 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 Orderly is 0.125% dearer against dYdX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	10.718	0	get 0.0000% / 1h	13m 31s	$92K	$111K	10x
Short	Orderly PERP_AVAX_USDC	10.736	0.0100	get 0.0100% / 8h	13m 31s	$232K	$255K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.169%Rate

Funding earned: $21
Price spread: +0.169% → +0.044%: $12.53
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $17.53
Costs to cover: 0.160%
Break-even: 1.2 days

Slippage unknown: dYdX: live order book, 25 min ago; Orderly: no order-book sample. 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 live order book, 25 min ago	148.19 bp	154.1 bp −$154	154.1 bp −$1,541	185.8 bp −$18.6K	443.7 bp −$221.8K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Nado AVAX-PERP	−0.0185%	1h	10.722	+0.039%	$290K	$329K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.727	+0.081%	$3.8M	$11.6M	50x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.711	−0.065%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USDlong	0.0000%	1h	10.718	long leg	$92K	$111K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.730	+0.113%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.730	+0.112%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0010%	8h	10.714	−0.036%	$13.2M	$30.8M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.393%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0091%	8h	10.715	−0.029%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.717	−0.003%	$1.2M	$2.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.713	−0.045%	$25K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.726	+0.076%	$36.8M	$41.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.720	+0.016%	$2.2M	$896K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.720	+0.018%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.715	−0.026%	$113.4M	$406.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.714	−0.036%	$81.8M	$139.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.715	−0.027%	$18.8M	$107.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.714	−0.036%	$52.6M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.712	−0.055%	$13.8M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.713	−0.045%	$32.6M	$46.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.715	−0.027%	—	$53.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.734	+0.151%	$437K	$546K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.714	−0.036%	$344K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.716	−0.017%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.724	+0.057%	$135K	$297K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	10.736	+0.169%	$232K	$255K	20x
SunX AVAX-USDT	+0.0100%	8h	10.754	+0.339%	$11K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.727	+0.085%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.726	+0.081%	$327K	$859K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.726	+0.076%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.708	−0.088%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.725	+0.062%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.717	−0.008%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.733	+0.141%	$853K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.713	−0.050%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.719	+0.008%	$226K	—	120x	as long as short