AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0209%/8h= −22.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.196%

Price spread now: Deribit against Coinbase International−0.213%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.772%−$77 on $10k

Price spread, last 3 days (all we have)+0.148%+$15 · spread now −0.213%, 7d avg −0.083%

Together, before fees−0.624%−$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Deribit is 0.130% cheaper against Coinbase International than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.083%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	11.278	0.0192	pay 0.0024% / 1h	36m 49s	$910K	$8.3M	50x
Short	Deribit AVAX_USDC-PERPETUAL	11.254	−0.0016	pay 0.0002% / 1h	36m 49s	$5.3M	$9.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now −0.213%Rate

Funding earned: −$43.79
Price spread: −0.213% → −0.083%: −$12.98
Slippage, 4 orders: −$20.36
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$94.12
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Deribit: 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 Coinbase International live order book, 2 min ago	4.88 bp	12.8 bp −$13	18.2 bp −$182	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	1.33 bp	6.3 bp −$6	73.2 bp −$732	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	−0.0570%	1h	11.220	−0.514%	$17K	$151K	12x	as long as short
Variational Omni AVAX	−0.0031%	8h	11.242	−0.317%	$3.0M	$2.4M	—	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0016%	1h	11.254	−0.213%	$5.3M	$9.2M	25x
dYdX AVAX-USD	0.0000%	1h	11.265	−0.116%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.258	−0.177%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0008%	1h	11.260	−0.160%	$297K	$896K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.260	−0.163%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.258	−0.177%	$16K	$694K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.259	−0.168%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.261	−0.150%	$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	11.264	−0.122%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.256	−0.194%	$120.3M	$526.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.257	−0.186%	$87.9M	$156.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.259	−0.168%	$20.3M	$146.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.258	−0.177%	$12.6M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.257	−0.186%	$52.3M	$99.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.263	−0.133%	$16.7M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.258	−0.177%	$34.3M	$60.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.259	−0.168%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.260	−0.160%	$359K	$571K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.254	−0.213%	$359K	$898K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.258	−0.177%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.257	−0.186%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.265	−0.115%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.286	+0.073%	$12K	$729K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.255	−0.204%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.259	−0.164%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.255	−0.204%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.256	−0.198%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.185	−0.820%	$257K	—	3x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0192%	1h	11.278	long leg	$910K	$8.3M	50x
BloFin AVAX-USDT	+0.0220%	8h	11.256	−0.195%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.253	−0.226%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.259	−0.173%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0578%	1h	11.277	−0.009%	$43.6M	$57.1M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.261	−0.146%	$4.6M	$13.5M	50x	as long as short