Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.041%

Price spread now: dYdX against Variational Omni0.000%53s7-day average +0.014% · you buy dearer than you sell

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

Long on Variational Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.238%−$24 · spread now 0.000%, 7d avg +0.014%

Together, before fees−0.198%+ Points / potential airdropVariational Omni: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	11.145	0.0100	pay 0.0100% / 8h	7h 30m	$2.9M	$2.3M	—
Short	dYdX AVAX-USD	11.145	0	get 0.0000% / 1h	30m 55s	$103K	$105K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee dYdXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$21
Price spread: 0.000% → +0.014%: −$1.4
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$32.4
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; dYdX: live order book, 43 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 Variational Omni RFQ quote, 3 min ago	3.19 bp	doesn't fit	10.2 bp −$102	doesn't fit	doesn't fit
Sell dYdX live order book, 43 min ago	146.82 bp	182.6 bp −$183	182.9 bp −$1,829	183.0 bp −$18.3K	183.7 bp −$91.8K

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	−0.1363%	1h	11.090	−0.491%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.141	−0.034%	$5.3M	$8.6M	25x	as long as short
Nado AVAX-PERP	−0.0057%	1h	11.143	−0.011%	$292K	$831K	10x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	11.145	0.000%	$103K	$105K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.148	+0.027%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.144	−0.009%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.152	+0.065%	$18K	$627K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.148	+0.032%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.145	−0.001%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.149	+0.038%	$296K	$106K	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	11.128	−0.149%	$118.4M	$487.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.127	−0.159%	$88.5M	$149.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.126	−0.168%	$19.9M	$134.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.128	−0.150%	$12.1M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.125	−0.177%	$48.6M	$88.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.147	+0.020%	$15.3M	$23.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.146	+0.011%	$33.8M	$54.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.125	−0.177%	—	$85.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.144	−0.007%	$356K	$558K	15x	as long as short
Variational Omni AVAXlong	+0.0100%	8h	11.145	long leg	$2.9M	$2.3M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.123	−0.195%	$358K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.128	−0.150%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.150	+0.047%	$131K	$375K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.151	+0.056%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.178	+0.299%	$12K	$726K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.143	−0.016%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.152	+0.060%	$361K	$951K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.143	−0.016%	$30.0M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.139	−0.050%	$667K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.142	−0.025%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.149	+0.035%	$4.3M	$12.6M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.140	−0.043%	$5.0M	$6.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.146	+0.010%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.163	+0.164%	$907K	$6.9M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.147	+0.016%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0682%	1h	11.162	+0.150%	$43.5M	$51.0M	10x	as long as short