AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0297%/8h= +32.5% APRnext payment +$0.37 per $10,000 · paid last 24h +0.190%

Price spread now: Pacifica against Deribit−0.148%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs+$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.642%+$64 on $10k

Price spread, last 3 days (all we have)+0.407%+$41 · spread now −0.148%, 7d avg +0.027%

Together, before fees+1.048%+ Points / potential airdropPacifica: Active · farm board+$105 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.176% cheaper against Deribit than usual: you would sell low and buy high (spread −0.148% now, against its 7-day average of +0.027%). If the spread goes back, that is −$18 on $10k: about 47 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.183	−0.0197	get 0.0025% / 1h	47m 02s	$5.3M	$9.4M	25x
Short	Pacifica AVAX	11.166	0.0100	get 0.0013% / 1h	47m 02s	$297K	$122K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.148%Rate

Funding earned: $62.35
Price spread: −0.148% → +0.027%: −$17.56
Slippage, 4 orders: −$15.51
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $14.29
Costs to cover: 0.305%
Break-even: 5.4 days

Slippage from Deribit: live order book, 2 min ago; Pacifica: live order book, 41 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	2.69 bp	7.1 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 41 min ago	1.81 bp	10.7 bp −$11	22.5 bp −$225	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
Deribit AVAX_USDC-PERPETUALlong	−0.0197%	1h	11.183	long leg	$5.3M	$9.4M	25x
Variational Omni AVAX	−0.0185%	8h	11.129	−0.487%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0095%	1h	11.174	−0.076%	$296K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.742%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0016%	1h	11.185	+0.014%	$666K	$2.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.169	−0.124%	$98K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.177	−0.054%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0037%	8h	11.182	−0.009%	$84.8M	$149.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0040%	8h	11.185	+0.018%	$20.0M	$147.0M	50x	as long as short
Gate AVAX_USDT	+0.0049%	8h	11.182	−0.009%	$12.4M	$39.5M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0055%	8h	11.175	−0.072%	$29.9M	$4.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.184	+0.009%	$893K	$8.1M	50x	as long as short
MEXC AVAX_USDT	+0.0064%	8h	11.186	+0.027%	$54.1M	$108.6M	200x	as long as short
Binance AVAXUSDT	+0.0065%	8h	11.184	+0.010%	$120.0M	$539.5M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0094%	8h	11.163	−0.180%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.180	−0.026%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.162	−0.188%	$13K	$697K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.174	−0.085%	$257K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.182	−0.006%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	11.166	−0.148%	$297K	$122K	10x
KuCoin AVAXUSDTM	+0.0100%	8h	11.187	+0.036%	$15.8M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.186	+0.027%	$34.4M	$61.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.187	+0.036%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.184	+0.009%	$326K	$553K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.124	−0.530%	$357K	$907K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.130	−0.474%	$179K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.177	−0.054%	$117K	$466K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.185	+0.018%	$201K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.212	+0.258%	$12K	$712K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.179	−0.036%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.167	−0.146%	$357K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0185%	8h	11.174	−0.080%	$5.0M	$8.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.178	−0.046%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0257%	1h	11.186	+0.027%	$4.7M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0383%	1h	11.198	+0.134%	$42.4M	$58.4M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.176	−0.060%	$241K	—	120x	as long as short