AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0236%/8h= +25.9% APRnext payment +$0.30 per $10,000 · paid last 24h +0.057%

Price spread now: Hyperliquid against ApeX Omni−0.099%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on ApeX Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 3 days (all we have)−0.547%−$55 · spread now −0.099%, 7d avg +0.006%

Together, before fees−0.586%+ Points / potential airdropHyperliquid: Season 2 · farm board−$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.105% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of +0.006%). If the spread goes back, that is −$10 on $10k: about 35 hours of funding at the current rate (+$7 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	11.128	0.0100	pay 0.0013% / 1h	57m 34s	$179K	$685K	50x
Short	Hyperliquid AVAX	11.117	0.0336	get 0.0042% / 1h	57m 34s	$41.8M	$58.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against ApeX Omni. 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 ApeX OmnibpFee HyperliquidbpOrdersPrice spread, now −0.099%Rate

Funding earned: $49.6
Price spread: −0.099% → +0.006%: −$10.48
Slippage, 4 orders: −$19.97
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $0.16
Costs to cover: 0.390%
Break-even: 7.0 days

Slippage from ApeX Omni: live order book, 31 min ago; Hyperliquid: 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 ApeX Omni live order book, 31 min ago	4.52 bp	11.9 bp −$12	100.3 bp −$1,003	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	0.90 bp	6.6 bp −$7	10.6 bp −$106	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
Deribit AVAX_USDC-PERPETUAL	−0.0290%	1h	11.107	−0.189%	$5.2M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0203%	8h	11.128	−0.003%	$2.9M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0110%	1h	11.104	−0.216%	$18K	$72K	10x	as long as short
Nado AVAX-PERP	−0.0044%	1h	11.110	−0.162%	$298K	$965K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.252%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0040%	1h	11.102	−0.236%	$662K	$2.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.104	−0.211%	$97K	$132K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.120	−0.074%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0009%	8h	11.114	−0.126%	$85.4M	$148.2M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0014%	1h	11.095	−0.297%	$315K	$552K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AVAX-USDT-SWAP	+0.0023%	8h	11.116	−0.108%	$19.8M	$146.9M	50x	as long as short
Gate AVAX_USDT	+0.0043%	8h	11.100	−0.252%	$12.3M	$39.2M	75x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.134	+0.054%	$899K	$8.1M	50x	as long as short
MEXC AVAX_USDT	+0.0060%	8h	11.100	−0.252%	$52.3M	$107.7M	200x	as long as short
Binance AVAXUSDT	+0.0061%	8h	11.112	−0.144%	$119.2M	$541.6M	75x	as long as short
Phemex AVAXUSDT	+0.0064%	8h	11.110	−0.162%	$29.8M	$4.8M	50x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	11.102	−0.238%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.105	−0.209%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.109	−0.171%	$18K	$698K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.107	−0.193%	$255K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.102	−0.234%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.104	−0.214%	$295K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.104	−0.216%	$16.1M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.111	−0.153%	$34.3M	$61.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.107	−0.189%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.122	−0.056%	$352K	$892K	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	11.128	long leg	$179K	$685K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.116	−0.108%	$116K	$476K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.119	−0.081%	$200K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.153	+0.229%	$12K	$709K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.113	−0.139%	$355K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0181%	8h	11.117	−0.099%	$5.0M	$8.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.110	−0.164%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0258%	1h	11.115	−0.119%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAXshort	+0.0336%	1h	11.117	−0.099%	$41.8M	$58.6M	10x
GMX AVAX/USD [AVAX-USDC]	L +0.0407% / S −0.0244%	1h	11.118	−0.089%	$240K	—	120x	as long as short