AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.018%

Price spread now: Phemex against BloFin−0.103%59s7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as 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−$480.482% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.199%−$20 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.103%, 7d avg +0.016%

Together, before fees−0.094%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phemex is 0.119% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.016%). Swap the legs. The two prices were read 59 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	BloFin AVAX-USDT	10.702	0.0220	pay 0.0220% / 8h	39m 56s	$4.6M	$5.5M	100x
Short	Phemex AVAXUSDT	10.691	0.0100	get 0.0100% / 8h	39m 56s	$28.5M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. 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 BloFinbpFee PhemexbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$25.2
Price spread: −0.103% → +0.016%: −$11.91
Slippage, 4 orders: −$24.22
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$85.33
Costs to cover: 0.482%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Phemex: live order book, 4 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 BloFin live order book, 4 min ago	2.80 bp	9.0 bp −$9	12.5 bp −$125	27.8 bp −$2,778	doesn't fit
Sell Phemex live order book, 4 min ago	1.87 bp	18.4 bp −$18	27.0 bp −$270	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
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.688	−0.130%	$3.8M	$11.7M	50x	as long as short
Nado AVAX-PERP	−0.0121%	1h	10.697	−0.051%	$281K	$330K	10x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.700	−0.015%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.691	−0.103%	$4.8M	$6.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.707	+0.045%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.694	−0.073%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0005%	8h	10.685	−0.159%	$13.0M	$30.6M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.542%	$17K	$151K	12x	as long as short
Bybit AVAXUSDT	+0.0086%	8h	10.685	−0.159%	$81.5M	$141.1M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.695	−0.067%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.690	−0.112%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.688	−0.131%	$25K	$471K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.698	−0.037%	$36.8M	$43.4M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.692	−0.092%	$2.2M	$913K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.704	+0.015%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.687	−0.140%	$113.2M	$412.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.684	−0.168%	$18.7M	$109.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.681	−0.196%	$45.8M	$79.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.688	−0.131%	$13.7M	$22.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.681	−0.196%	$32.4M	$47.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.686	−0.150%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.689	−0.121%	$436K	$552K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.702	+0.001%	$343K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.705	+0.028%	$173K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.690	−0.112%	$134K	$329K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.698	−0.037%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.728	+0.243%	$12K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.688	−0.131%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.688	−0.135%	$325K	$873K	75x	as long as short
Phemex AVAXUSDTshort	+0.0100%	8h	10.691	−0.103%	$28.5M	$5.8M	50x
Extended AVAX-USD	+0.0104%	1h	10.679	−0.214%	$608K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.688	−0.131%	$246K	—	3x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	10.702	long leg	$4.6M	$5.5M	100x
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.712	+0.093%	$853K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.685	−0.162%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.694	−0.077%	$226K	—	120x	as long as short