AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.007%

Price spread now: Lighter against Aevo+0.004%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$829as in the Funding arb table

Net, price: spread back to 7d avg − costs−$810as in the Price arb table

costs, in and out, $10k−$8118.111% of the position

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 3 days (all we have)+0.053%+$5 · spread now +0.004%, 7d avg −0.008%

Together, before fees−0.130%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	11.212	0.0104	pay 0.0013% / 1h	10m 56s	$258K	—	3x
Short	Lighter AVAX	11.212	0.0096	get 0.0012% / 1h	10m 56s	$1.2M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$1.68
Price spread: +0.004% → −0.008%: $1.14
Slippage, 4 orders: −$795.08
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$811.62
Costs to cover: 8.111%
Break-even: never at this rate

Slippage from Aevo: live order book, 63 min ago; Lighter: live order book, 6 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, 63 min ago	190.29 bp	409.7 bp −$410	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.94 bp	1.0 bp −$1	9.3 bp −$93	91.1 bp −$9,114	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	−0.1363%	1h	11.170	−0.375%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0062%	1h	11.219	+0.062%	$294K	$727K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.215	+0.025%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.212	0.000%	$5.3M	$8.4M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.214	+0.014%	$13K	—	150x	as long as short
Lighter AVAXshort	+0.0096%	1h	11.212	+0.004%	$1.2M	$3.1M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.219	+0.062%	$15K	$608K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.221	+0.084%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.216	+0.033%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.223	+0.097%	$298K	$100K	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	11.214	+0.018%	$119.7M	$475.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.216	+0.036%	$89.1M	$147.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.215	+0.027%	$20.0M	$130.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.210	−0.018%	$12.2M	$38.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.211	−0.009%	$51.0M	$89.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.214	+0.018%	$15.5M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.214	+0.018%	$34.0M	$53.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.216	+0.036%	—	$84.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.214	+0.018%	$359K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.214	+0.015%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.202	−0.090%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.190	−0.196%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.221	+0.080%	$132K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.219	+0.062%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.248	+0.320%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.213	+0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.207	−0.042%	$364K	$943K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.217	+0.045%	$30.1M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.208	−0.031%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	11.212	long leg	$258K	—	3x
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.216	+0.037%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.210	−0.018%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.217	+0.047%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.223	+0.098%	$913K	$6.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.214	+0.015%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0674%	1h	11.233	+0.186%	$43.9M	$49.6M	10x	as long as short