Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0114%/8h= +12.5% APRpaid last 24h −0.005%

Price spread now: dYdX against Gate+0.076%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$342as in the Funding arb table

Net, price: spread back to 7d avg − costs−$325as in the Price arb table

costs, in and out, $10k−$3323.318% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.076%, 7d avg +0.007%

Together, before fees−0.156%−$16 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 dYdX is 0.069% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.007%. Mind the row above: over the last 7 days funding on this pair cost −0.103%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	10.879	−0.0114	get 0.0114% / 8h	5h 53m	$14.5M	$26.6M	75x
Short	dYdX AVAX-USD	10.887	0	get 0.0000% / 1h	53m 13s	$93K	$100K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now +0.076%Rate

Funding earned: $23.94
Price spread: +0.076% → +0.007%: $6.9
Slippage, 4 orders: −$306.81
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$300.97
Costs to cover: 3.318%
Break-even: 95.0 days

Slippage from Gate: live order book, 4 min ago; dYdX: live order book, 58 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 Gate live order book, 4 min ago	0.92 bp	14.0 bp −$14	22.1 bp −$221	39.0 bp −$3,899	67.0 bp −$33.5K
Sell dYdX live order book, 58 min ago	145.99 bp	151.0 bp −$151	151.0 bp −$1,510	188.0 bp −$18.8K	432.7 bp −$216.3K

AVAX on 36 exchanges

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
Variational Omni AVAX	−0.0140%	8h	10.876	−0.030%	$3.1M	$2.1M	—	as long as short
Gate AVAX_USDTlong	−0.0114%	8h	10.879	long leg	$14.5M	$26.6M	75x
SoDEX AVAX-USD	−0.0083%	1h	10.880	+0.009%	$19K	$68K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.885	+0.059%	$3.7M	$10.9M	50x	as long as short
Bybit AVAXUSDT	−0.0047%	8h	10.878	−0.009%	$84.8M	$131.6M	75x	as long as short
Phemex AVAXUSDT	−0.0042%	8h	10.878	−0.009%	$29.0M	$5.6M	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0026%	1h	10.884	+0.046%	$5.0M	$6.6M	25x	as long as short
Nado AVAX-PERP	−0.0008%	1h	10.875	−0.032%	$276K	$300K	10x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	10.887	+0.076%	$93K	$100K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.884	+0.046%	$23K	—	150x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.094%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0094%	8h	10.877	−0.018%	$19.4M	$102.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.881	+0.020%	$1.2M	$1.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.879	0.000%	$23K	$438K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.879	+0.001%	$12K	$62	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.882	+0.024%	$2.2M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.884	+0.046%	$274K	$122K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.880	+0.011%	$114.9M	$373.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.881	+0.018%	$52.8M	$69.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.884	+0.046%	$14.3M	$18.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.877	−0.018%	$33.1M	$43.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.880	+0.009%	—	$39.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.883	+0.037%	$439K	$522K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.889	+0.089%	$343K	$1.5M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.893	+0.129%	$175K	$658K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.880	+0.009%	$137K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.888	+0.083%	$235K	$217K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.909	+0.273%	$12K	$772K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.878	−0.011%	$326K	$948K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.875	−0.038%	$618K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.876	−0.028%	$250K	—	3x	as long as short
Hyperliquid AVAX	+0.0119%	1h	10.895	+0.147%	$36.2M	$37.4M	10x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.887	+0.074%	$861K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.879	0.000%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.873	−0.052%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.881	+0.017%	$230K	—	120x	as long as short