AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.005%

Price spread now: Lighter against ApeX Omni+0.191%108s7-day average −0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as 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−$350.350% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$18 on $10k

Price spread, last 3 days (all we have)−0.390%−$39 · spread now +0.191%, 7d avg −0.071%

Together, before fees−0.575%+ Points / potential airdropLighter: Season 3 · farm board−$57 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.262% dearer against ApeX Omni than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.071%. The two prices were read 108 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	ApeX Omni AVAXUSDT	11.190	0.0100	pay 0.0013% / 1h	9m 48s	$180K	$688K	50x
Short	Lighter AVAX	11.211	0.0096	get 0.0012% / 1h	9m 48s	$1.2M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.191%Rate

Funding earned: −$0.84
Price spread: +0.191% → −0.071%: $26.24
Slippage, 4 orders: −$25.04
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.64
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 64 min ago; Lighter: live order book, 2 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, 64 min ago	6.24 bp	13.8 bp −$14	92.1 bp −$921	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	2.67 bp	4.5 bp −$5	9.8 bp −$98	91.9 bp −$9,186	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	−0.179%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0063%	1h	11.218	+0.255%	$294K	$680K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.212	+0.198%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.205	+0.134%	$5.3M	$8.4M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.214	+0.214%	$13K	—	150x	as long as short
Lighter AVAXshort	+0.0096%	1h	11.211	+0.191%	$1.2M	$3.1M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.217	+0.241%	$15K	$609K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.212	+0.200%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.217	+0.245%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.218	+0.253%	$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	11.211	+0.188%	$119.7M	$475.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.212	+0.197%	$89.1M	$147.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.214	+0.214%	$20.0M	$130.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.210	+0.179%	$12.2M	$38.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.212	+0.197%	$51.0M	$89.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.217	+0.241%	$15.5M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.214	+0.214%	$34.1M	$53.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.214	+0.214%	—	$84.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.208	+0.161%	$358K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.214	+0.211%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.202	+0.107%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	11.190	long leg	$180K	$688K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.218	+0.250%	$132K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.217	+0.241%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.245	+0.491%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.202	+0.107%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.193	+0.026%	$364K	$944K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.207	+0.152%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.210	+0.179%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.200	+0.092%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.204	+0.124%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.210	+0.179%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.214	+0.217%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.229	+0.349%	$914K	$6.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.215	+0.227%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0672%	1h	11.229	+0.349%	$43.9M	$48.9M	10x	as long as short