AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0127%/8h= −13.9% APRnext payment −$0.16 per $10,000 · paid last 24h −0.141%

Price spread now: Deribit against Aevo−0.045%56s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$828as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$7627.622% of the position

Long on Aevo Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.654%−$65 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.045%, 7d avg −0.004%

Together, before fees−0.635%−$64 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Deribit is 0.042% cheaper against Aevo than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.004%). Swap the legs. The two prices were read 56 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	Aevo AVAX-PERP	11.002	0.0104	pay 0.0013% / 1h	0m 21s	$253K	—	3x
Short	Deribit AVAX_USDC-PERPETUAL	10.997	−0.0023	pay 0.0003% / 1h	0m 21s	$5.1M	$7.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aevo. 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 AevobpFee DeribitbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$26.61
Price spread: −0.045% → −0.004%: −$4.16
Slippage, 4 orders: −$739.2
Fee Aevo: 8 bp × 2 orders: −$16
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$792.97
Costs to cover: 7.622%
Break-even: never at this rate

Slippage from Aevo: live order book, 59 min ago; Deribit: live order book, 4 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 Aevo live order book, 59 min ago	181.25 bp	362.4 bp −$362	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	2.73 bp	7.3 bp −$7	17.6 bp −$176	doesn't fit	doesn't fit

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	10.950	−0.473%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0023%	1h	10.997	−0.045%	$5.1M	$7.9M	25x
Nado AVAX-PERP	−0.0010%	1h	11.001	−0.009%	$286K	$372K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.996	−0.051%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.000	−0.016%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.001	−0.009%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.000	−0.018%	$15K	$541K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.002	+0.004%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.000	−0.021%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.005	+0.023%	$277K	$129K	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	11.001	−0.009%	$116.0M	$429.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.998	−0.036%	$85.0M	$139.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.003	+0.009%	$20.2M	$114.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.998	−0.036%	$12.1M	$34.7M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.000	−0.018%	$46.1M	$78.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.004	+0.018%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.999	−0.027%	$33.0M	$47.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.001	−0.009%	—	$78.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.999	−0.027%	$368K	$549K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.996	−0.058%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.997	−0.045%	$351K	$882K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.999	−0.027%	$177K	$670K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.001	−0.009%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.009	+0.064%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.029	+0.246%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.998	−0.036%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.990	−0.112%	$366K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.002	0.000%	$29.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.995	−0.064%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	11.002	long leg	$253K	—	3x
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.000	−0.015%	$4.2M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.000	−0.018%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.001	−0.009%	$891K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.997	−0.048%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.001	−0.005%	$233K	—	120x	as long as short
Hyperliquid AVAX	+0.0463%	1h	11.015	+0.123%	$42.7M	$41.9M	10x	as long as short