AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: Aevo against Backpack−0.079%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$818as in the Funding arb table

Net, price: spread back to 7d avg − costs−$839as in the Price arb table

costs, in and out, $10k−$8358.348% of the position

Long on Backpack Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.165%+$17 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now −0.079%, 7d avg −0.040%

Together, before fees+0.132%+$13 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: Aevo is 0.039% cheaper against Backpack than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVAX_USDC_PERP	11.232	0.0100	pay 0.0013% / 1h	34m 09s	$359K	$563K	15x
Short	Aevo AVAX-PERP	11.223	0.0104	get 0.0013% / 1h	34m 09s	$258K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Backpack. 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 BackpackbpFee AevobpOrdersPrice spread, now −0.079%Rate

Funding earned: $0.84
Price spread: −0.079% → −0.040%: −$3.91
Slippage, 4 orders: −$808.76
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$837.83
Costs to cover: 8.348%
Break-even: 6989.0 days

Slippage from Backpack: live order book, 45 min ago; Aevo: live order book, 45 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 Backpack live order book, 45 min ago	0.44 bp	10.1 bp −$10	35.6 bp −$356	doesn't fit	doesn't fit
Sell Aevo live order book, 45 min ago	190.56 bp	419.4 bp −$419	doesn't fit	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	−0.1451%	1h	11.190	−0.374%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.227	−0.045%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0091%	1h	11.230	−0.013%	$296K	$883K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.230	−0.020%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.229	−0.023%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0072%	8h	11.226	−0.052%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.232	−0.004%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.228	−0.036%	$19K	$673K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.227	−0.040%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.231	−0.011%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.234	+0.021%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.230	−0.018%	$120.1M	$514.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.230	−0.018%	$89.3M	$155.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.229	−0.027%	$20.2M	$144.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.229	−0.027%	$12.5M	$40.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.229	−0.027%	$51.5M	$93.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.235	+0.027%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.230	−0.018%	$34.2M	$58.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.230	−0.018%	—	$86.9M	—	as long as short
Backpack AVAX_USDC_PERPlong	+0.0100%	1h	11.232	long leg	$359K	$563K	15x
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.232	0.000%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.236	+0.036%	$180K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.228	−0.036%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.237	+0.045%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.262	+0.266%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.228	−0.036%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.222	−0.086%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.227	−0.045%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.226	−0.056%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	11.223	−0.079%	$258K	—	3x
BloFin AVAX-USDT	+0.0220%	8h	11.222	−0.089%	$5.0M	$7.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.224	−0.068%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.233	+0.009%	$4.6M	$13.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.245	+0.116%	$914K	$7.9M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0423% / S −0.0277%	1h	11.228	−0.034%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0810%	1h	11.245	+0.115%	$43.7M	$55.0M	10x	as long as short