AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h −0.007%

Price spread now: SoDEX against Backpack−0.218%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.218% cheaper against Backpack than usual: you would sell low and buy high (spread −0.218% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 10 days of funding at the current rate (+$2 a day). The two prices were read 50 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	Backpack AVAX_USDC_PERP	10.550	0.0028	pay 0.0003% / 1h	23m 21s	$367K	$563K	15x
Short	SoDEX AVAX-USD	10.527	0.0100	get 0.0013% / 1h	23m 21s	$17K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.218%Rate

Funding earned: $15.14
Price spread: −0.218% → 0.000%: −$21.8
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$24.66
Costs to cover: 0.180%
Break-even: 18.4 days

Slippage unknown: Backpack: live order book, 25 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 25 min ago	0.47 bp	14.2 bp −$14	49.9 bp −$499	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	10.760	+1.991%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0283%	1h	10.530	−0.190%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0052%	1h	10.532	−0.166%	$286K	$339K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0035%	1h	10.527	−0.218%	$4.7M	$7.5M	25x	as long as short
Variational Omni AVAX	−0.0017%	8h	10.535	−0.144%	$2.7M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.534	−0.147%	$87K	$117K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.528	−0.207%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0022%	8h	10.527	−0.218%	$12.2M	$32.7M	75x	as long as short
Backpack AVAX_USDC_PERPlong	+0.0028%	1h	10.550	long leg	$367K	$563K	15x
Bybit AVAXUSDT	+0.0072%	8h	10.518	−0.303%	$77.7M	$144.9M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVAX-USD	+0.0082%	1h	10.524	−0.246%	$131K	$354K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.525	−0.232%	$1.1M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.529	−0.199%	$18K	$437K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.533	−0.164%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.534	−0.152%	$37.7M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.534	−0.156%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.538	−0.114%	$265K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.527	−0.218%	$112.1M	$430.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.524	−0.246%	$18.5M	$111.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.527	−0.218%	$43.4M	$80.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.522	−0.265%	$13.1M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.524	−0.246%	$31.9M	$49.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.527	−0.218%	—	$54.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.547	−0.028%	$338K	$978K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.559	+0.085%	$170K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.531	−0.180%	$167K	$321K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.559	+0.081%	$11K	$758K	20x	as long as short
SoDEX AVAX-USDshort	+0.0100%	1h	10.527	−0.218%	$17K	$72K	10x
HTX AVAX-USDT	+0.0100%	8h	10.532	−0.169%	$342K	$803K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.531	−0.180%	$28.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.521	−0.274%	$634K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.525	−0.232%	$242K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.548	−0.019%	$836K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.532	−0.171%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.521	−0.272%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.526	−0.224%	$230K	—	120x	as long as short