AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0673%/8h= +73.7% APRnext payment +$0.84 per $10,000 · paid last 24h +0.246%

Price spread now: Hyperliquid against Deribit+0.133%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs+$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$250.252% of the position

Long on Deribit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.603%+$60 on $10k

Price spread, last 3 days (all we have)+0.162%+$16 · spread now +0.133%, 7d avg +0.081%

Together, before fees+0.765%+ Points / potential airdropHyperliquid: Season 2 · farm board+$77 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Hyperliquid is 0.052% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.311	−0.0015	get 0.0002% / 1h	14m 35s	$5.4M	$9.4M	25x
Short	Hyperliquid AVAX	11.326	0.0658	get 0.0082% / 1h	14m 35s	$44.0M	$58.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.133%Rate

Funding earned: $141.29
Price spread: +0.133% → +0.081%: $5.16
Slippage, 4 orders: −$9.22
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $121.24
Costs to cover: 0.252%
Break-even: 1.0 days

Slippage from Deribit: live order book, 5 min ago; Hyperliquid: live order book, 9 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, 5 min ago	1.33 bp	6.4 bp −$6	25.9 bp −$259	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	0.44 bp	5.0 bp −$5	12.4 bp −$124	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
Variational Omni AVAX	−0.0102%	8h	11.280	−0.274%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0082%	1h	11.309	−0.018%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.250	−0.539%	$17K	$152K	12x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0015%	1h	11.311	long leg	$5.4M	$9.4M	25x
dYdX AVAX-USD	0.0000%	1h	11.313	+0.018%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.302	−0.083%	$16K	—	150x	as long as short
Gate AVAX_USDT	+0.0053%	8h	11.313	+0.018%	$12.7M	$40.3M	75x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.325	+0.124%	$918K	$8.2M	50x	as long as short
OKX AVAX-USDT-SWAP	+0.0078%	8h	11.315	+0.035%	$20.3M	$149.2M	50x	as long as short
Extended AVAX-USD	+0.0080%	1h	11.313	+0.021%	$676K	$2.2M	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0089%	8h	11.328	+0.150%	$30.3M	$4.9M	50x	as long as short
MEXC AVAX_USDT	+0.0092%	8h	11.316	+0.044%	$55.5M	$110.2M	200x	as long as short
Binance AVAXUSDT	+0.0096%	8h	11.317	+0.052%	$121.3M	$537.8M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.311	−0.003%	$1.3M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.314	+0.027%	$10K	$704K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	11.309	−0.014%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.313	+0.018%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.313	+0.022%	$301K	$121K	10x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.318	+0.062%	$90.7M	$155.8M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.313	+0.018%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.315	+0.035%	$34.9M	$61.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.317	+0.053%	—	$90.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.330	+0.168%	$339K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.288	−0.204%	$357K	$909K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.290	−0.186%	$182K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.296	−0.133%	$131K	$480K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.306	−0.044%	$203K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.322	+0.102%	$12K	$720K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.337	+0.230%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.297	−0.119%	$363K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.300	−0.101%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0213%	8h	11.335	+0.212%	$5.1M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.292	−0.166%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0253%	1h	11.346	+0.305%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.298	−0.112%	$244K	—	120x	as long as short
Hyperliquid AVAXshort	+0.0658%	1h	11.326	+0.133%	$44.0M	$58.9M	10x