AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0120%/8h= +13.2% APRnext payment +$0.15 per $10,000 · paid last 24h +0.129%

Price spread now: Extended against Deribit+0.015%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs+$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$230.235% of the position

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.503%+$50 on $10k

Price spread, last 3 days (all we have)+0.083%+$8 · spread now +0.015%, 7d avg −0.040%

Together, before fees+0.585%+ Points / potential airdropExtended: Active · farm board+$59 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Extended is 0.055% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.254	−0.0016	get 0.0002% / 1h	36m 49s	$5.3M	$9.2M	25x
Short	Extended AVAX-USD	11.256	0.0104	get 0.0013% / 1h	36m 49s	$669K	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.015%Rate

Funding earned: $25.3
Price spread: +0.015% → −0.040%: $5.46
Slippage, 4 orders: −$11.48
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $7.29
Costs to cover: 0.235%
Break-even: 5.0 days

Slippage from Deribit: live order book, 2 min ago; Extended: 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 Deribit live order book, 2 min ago	1.33 bp	6.2 bp −$6	17.9 bp −$179	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.44 bp	3.8 bp −$4	5.8 bp −$58	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	−0.302%	$17K	$151K	12x	as long as short
Variational Omni AVAX	−0.0031%	8h	11.242	−0.105%	$3.0M	$2.4M	—	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0016%	1h	11.254	long leg	$5.3M	$9.2M	25x
dYdX AVAX-USD	0.0000%	1h	11.265	+0.097%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.258	+0.036%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0008%	1h	11.260	+0.053%	$297K	$896K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.260	+0.050%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.258	+0.036%	$16K	$694K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.259	+0.044%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.261	+0.063%	$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	+0.091%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.256	+0.019%	$120.3M	$526.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.257	+0.027%	$87.9M	$156.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.259	+0.044%	$20.3M	$146.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.258	+0.036%	$12.6M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.257	+0.027%	$52.3M	$99.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.263	+0.080%	$16.7M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.258	+0.036%	$34.3M	$60.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.259	+0.044%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.260	+0.053%	$359K	$571K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.254	0.000%	$359K	$898K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.258	+0.036%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.257	+0.027%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.265	+0.098%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.286	+0.286%	$12K	$729K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.255	+0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.259	+0.049%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.255	+0.009%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.256	+0.015%	$669K	$2.2M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.185	−0.609%	$257K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.278	+0.213%	$910K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.256	+0.018%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.253	−0.013%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.259	+0.040%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0578%	1h	11.277	+0.204%	$43.6M	$57.1M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.261	+0.067%	$4.6M	$13.5M	50x	as long as short