AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: Backpack against Extended+0.020%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Extended Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.020%, 7d avg +0.081%

Together, before fees−0.013%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.060% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it 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	Extended AVAX-USD	11.082	0.0104	pay 0.0013% / 1h	9m 05s	$671K	$1.7M	25x
Short	Backpack AVAX_USDC_PERP	11.084	0.0100	get 0.0013% / 1h	9m 05s	$354K	$511K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Extended. 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 ExtendedbpFee BackpackbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$0.84
Price spread: +0.020% → +0.081%: −$6.04
Slippage, 4 orders: −$12.39
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$34.27
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Backpack: live order book, 60 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 Extended live order book, 4 min ago	1.35 bp	6.0 bp −$6	8.7 bp −$87	doesn't fit	doesn't fit
Sell Backpack live order book, 60 min ago	0.45 bp	7.8 bp −$8	33.2 bp −$332	doesn't fit	doesn't fit

AVAX on 35 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	11.070	−0.106%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0201%	1h	11.083	+0.011%	$5.2M	$8.1M	25x	as long as short
Nado AVAX-PERP	−0.0040%	1h	11.090	+0.075%	$285K	$492K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.097	+0.140%	$102K	$91K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.085	+0.031%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0061%	8h	11.084	+0.020%	$12.1M	$36.7M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.084	+0.020%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.083	+0.011%	$15K	$578K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.094	+0.113%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.090	+0.077%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.097	+0.136%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.083	+0.011%	$118.2M	$450.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.083	+0.011%	$88.2M	$141.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.084	+0.020%	$19.9M	$121.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.084	+0.020%	$48.5M	$82.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.089	+0.066%	$15.5M	$22.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.077	−0.043%	$33.3M	$50.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.084	+0.020%	—	$82.9M	—	as long as short
Backpack AVAX_USDC_PERPshort	+0.0100%	1h	11.084	+0.020%	$354K	$511K	15x
Variational Omni AVAX	+0.0100%	8h	11.107	+0.224%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.104	+0.202%	$354K	$790K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.108	+0.237%	$179K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.085	+0.030%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.090	+0.075%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.121	+0.351%	$12K	$710K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.085	+0.030%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.092	+0.096%	$360K	$854K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.086	+0.039%	$29.6M	$5.6M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	11.082	long leg	$671K	$1.7M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.078	−0.031%	$254K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.082	+0.004%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.089	+0.061%	$4.3M	$11.7M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.097	+0.138%	$901K	$5.7M	50x	as long as short
Hyperliquid AVAX	+0.0385%	1h	11.098	+0.147%	$43.1M	$44.7M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.085	+0.030%	$235K	—	120x	as long as short