AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.161%

Price spread now: Coinbase International against Deribit−0.083%7-day average +0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs+$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.801%+$80 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.083%, 7d avg +0.084%

Together, before fees+0.949%+$95 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.167% cheaper against Deribit than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of +0.084%). If the spread goes back, that is −$17 on $10k: about 2.4 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	10.848	0	get 0.0000% / 1h	8m 02s	$4.9M	$7.4M	25x
Short	Coinbase International AVAX-PERP-INTX	10.839	0.0232	get 0.0029% / 1h	8m 02s	$882K	$4.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.083%Rate

Funding earned: $48.72
Price spread: −0.083% → +0.084%: −$16.7
Slippage, 4 orders: −$18.28
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$3.27
Costs to cover: 0.353%
Break-even: 7.5 days

Slippage from Deribit: live order book, 1 min ago; Coinbase International: live order book, 1 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 Deribit live order book, 1 min ago	0.46 bp	5.3 bp −$5	90.9 bp −$909	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	4.15 bp	12.3 bp −$12	17.1 bp −$171	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	−0.1421%	1h	10.810	−0.350%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.845	−0.032%	$95K	$96K	10x	as long as short
Deribit AVAX_USDC-PERPETUALlong	0.0000%	1h	10.848	long leg	$4.9M	$7.4M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.848	+0.004%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.849	+0.012%	$4.2M	$11.0M	50x	as long as short
Nado AVAX-PERP	+0.0033%	1h	10.837	−0.101%	$281K	$308K	10x	as long as short
Gate AVAX_USDT	+0.0056%	8h	10.845	−0.028%	$12.2M	$32.7M	75x	as long as short
Variational Omni AVAX	+0.0093%	8h	10.876	+0.263%	$2.9M	$2.2M	—	as long as short
Lighter AVAX	+0.0096%	1h	10.847	−0.013%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.842	−0.055%	$6K	$437K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0097%	8h	10.842	−0.053%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.842	−0.051%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.842	−0.055%	$273K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.849	+0.007%	$113.7M	$416.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.842	−0.055%	$81.9M	$137.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.845	−0.028%	$19.6M	$109.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.848	0.000%	$44.7M	$79.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.846	−0.018%	$14.8M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.839	−0.083%	$32.3M	$47.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.845	−0.028%	—	$54.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.849	+0.009%	$365K	$548K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.906	+0.535%	$343K	$953K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.908	+0.553%	$175K	$665K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.842	−0.055%	$127K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.852	+0.037%	$191K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.872	+0.221%	$11K	$720K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.846	−0.018%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.846	−0.021%	$356K	$768K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.848	0.000%	$28.9M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.838	−0.091%	$667K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.845	−0.028%	$249K	—	3x	as long as short
Hyperliquid AVAX	+0.0212%	1h	10.860	+0.111%	$41.0M	$39.8M	10x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.822	−0.240%	$4.8M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0232%	1h	10.839	−0.083%	$882K	$4.7M	50x
Reya AVAXRUSDPERP	+0.0244%	1h	10.838	−0.091%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0445% / S −0.0276%	1h	10.850	+0.015%	$236K	—	120x	as long as short