AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0208%/8h= −22.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.027%

Price spread now: Lighter against Coinbase International+0.002%7-day average −0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.323%−$32 on $10k

Price spread, last 3 days (all we have)+0.032%+$3 · spread now +0.002%, 7d avg −0.087%

Together, before fees−0.291%+ Points / potential airdropLighter: Season 3 · farm board−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.089% dearer against Coinbase International than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.087%): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	11.209	0.0304	pay 0.0038% / 1h	12m 52s	$912K	$6.5M	50x
Short	Lighter AVAX	11.209	0.0096	get 0.0012% / 1h	12m 52s	$1.2M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$43.68
Price spread: +0.002% → −0.087%: $8.92
Slippage, 4 orders: −$21.7
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$66.46
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Lighter: 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 Coinbase International live order book, 1 min ago	4.46 bp	12.6 bp −$13	18.1 bp −$181	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.94 bp	1.0 bp −$1	9.3 bp −$93	91.1 bp −$9,114	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	11.140	−0.616%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0058%	1h	11.204	−0.045%	$294K	$730K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.200	−0.083%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.200	−0.080%	$5.3M	$8.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.202	−0.065%	$13K	—	150x	as long as short
Lighter AVAXshort	+0.0096%	1h	11.209	+0.002%	$1.2M	$3.1M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.204	−0.045%	$15K	$611K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.204	−0.040%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.201	−0.072%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.204	−0.046%	$297K	$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	11.209	0.000%	$119.6M	$476.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.210	+0.009%	$89.1M	$147.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.211	+0.018%	$20.0M	$131.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.203	−0.054%	$12.2M	$38.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.207	−0.018%	$48.9M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.205	−0.036%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.209	0.000%	$34.0M	$53.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.210	+0.009%	—	$84.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.200	−0.080%	$358K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.178	−0.279%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.187	−0.195%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.190	−0.170%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.206	−0.027%	$131K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.207	−0.018%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.232	+0.204%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.198	−0.098%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.196	−0.112%	$363K	$938K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.199	−0.089%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.200	−0.080%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.196	−0.112%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.202	−0.063%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.196	−0.116%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.200	−0.082%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0304%	1h	11.209	long leg	$912K	$6.5M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.201	−0.070%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0681%	1h	11.226	+0.152%	$43.9M	$49.6M	10x	as long as short