AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0200%/8h= +21.9% APRnext payment +$0.25 per $10,000 · paid last 24h +0.062%

Price spread now: Coinbase International against Extended+0.035%7-day average +0.124% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.269%+$27 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.035%, 7d avg +0.124%

Together, before fees+0.224%+ Points / potential airdropExtended: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.088% cheaper against Extended than usual: you would sell low and buy high (spread +0.035% now, against its 7-day average of +0.124%). If the spread goes back, that is −$9 on $10k: about 35 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AVAX-USD	11.193	0.0104	pay 0.0013% / 1h	14m 33s	$671K	$2.0M	25x
Short	Coinbase International AVAX-PERP-INTX	11.197	0.0304	get 0.0038% / 1h	14m 33s	$924K	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.035%Rate

Funding earned: $42
Price spread: +0.035% → +0.124%: −$8.81
Slippage, 4 orders: −$17.13
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $1.05
Costs to cover: 0.321%
Break-even: 6.8 days

Slippage from Extended: live order book, 4 min ago; Coinbase International: live order book, 4 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	0.90 bp	5.9 bp −$6	8.8 bp −$88	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	2.69 bp	8.6 bp −$9	14.2 bp −$142	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	−0.1363%	1h	11.130	−0.563%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0107%	1h	11.187	−0.054%	$5.3M	$8.5M	25x	as long as short
Nado AVAX-PERP	−0.0057%	1h	11.189	−0.032%	$293K	$732K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.192	−0.007%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.190	−0.027%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.194	+0.004%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.196	+0.026%	$15K	$611K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.196	+0.027%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.195	+0.019%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.196	+0.028%	$297K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.196	+0.026%	$119.5M	$476.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.197	+0.035%	$89.2M	$147.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.196	+0.026%	$20.0M	$130.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.196	+0.026%	$12.1M	$38.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.196	+0.026%	$48.9M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.195	+0.018%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.197	+0.035%	$34.0M	$53.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.195	+0.018%	—	$85.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.193	0.000%	$358K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.178	−0.136%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.170	−0.203%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.172	−0.188%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.190	−0.027%	$131K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.195	+0.018%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.217	+0.212%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.190	−0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.191	−0.023%	$362K	$937K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.189	−0.036%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	11.193	long leg	$671K	$2.0M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.182	−0.095%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.194	+0.009%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.188	−0.045%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.187	−0.051%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0304%	1h	11.197	+0.035%	$924K	$6.5M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.189	−0.040%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0684%	1h	11.208	+0.134%	$43.8M	$49.6M	10x	as long as short