AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0219%/8h= +23.9% APRnext payment +$0.27 per $10,000 · paid last 24h +0.131%

Price spread now: Lighter against Deribit0.000%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs+$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.484%+$48 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now 0.000%, 7d avg −0.001%

Together, before fees+0.613%+ Points / potential airdropLighter: Season 3 · farm board+$61 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	10.728	−0.0123	get 0.0015% / 1h	57m 08s	$4.8M	$7.5M	25x
Short	Lighter AVAX	10.728	0.0096	get 0.0012% / 1h	57m 08s	$1.2M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: $45.93
Price spread: 0.000% → −0.001%: $0.07
Slippage, 4 orders: −$14.98
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $24.02
Costs to cover: 0.220%
Break-even: 3.3 days

Slippage from Deribit: live order book, 2 min ago; Lighter: live order book, 5 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	2.33 bp	5.8 bp −$6	288.3 bp −$2,883	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	3.16 bp	3.4 bp −$3	13.4 bp −$134	93.4 bp −$9,336	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	−0.1423%	1h	10.760	+0.298%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.732	+0.033%	$4.1M	$11.1M	50x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0123%	1h	10.728	long leg	$4.8M	$7.5M	25x
Polymarket Perps AVAX-USD	−0.0005%	1h	10.727	−0.009%	$132K	$346K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.726	−0.022%	$94K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.730	+0.022%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0048%	8h	10.725	−0.028%	$12.1M	$31.3M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0053%	1h	10.731	+0.028%	$376K	$530K	15x	as long as short
Variational Omni AVAX	+0.0067%	8h	10.769	+0.379%	$2.8M	$2.2M	—	as long as short
Lighter AVAXshort	+0.0096%	1h	10.728	0.000%	$1.2M	$2.6M	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.728	0.000%	$8K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.719	−0.086%	$12K	$212	20x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.719	−0.084%	$281K	$311K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.740	+0.112%	$40.3M	$40.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.728	−0.002%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.726	−0.015%	$270K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.733	+0.049%	$112.1M	$421.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.728	0.000%	$80.0M	$142.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.734	+0.056%	$19.3M	$109.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.732	+0.037%	$43.5M	$78.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.733	+0.047%	$14.8M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.730	+0.019%	$31.9M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.730	+0.019%	—	$54.7M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.775	+0.437%	$343K	$940K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.767	+0.364%	$173K	$664K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.733	+0.047%	$189K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.756	+0.263%	$12K	$730K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.726	−0.019%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.726	−0.023%	$356K	$780K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.730	+0.019%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.722	−0.060%	$664K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.731	+0.028%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.737	+0.084%	$881K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.729	+0.009%	$4.8M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.723	−0.049%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0272%	1h	10.732	+0.037%	$234K	—	120x	as long as short