AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0303%/8h= −33.2% APRnext payment −$0.38 per $10,000 · paid last 24h −0.118%

Price spread now: Deribit against Extended+0.007%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on Extended Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.510%−$51 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.007%, 7d avg +0.040%

Together, before fees−0.574%+ Points / potential airdropExtended: Active · farm board−$57 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Deribit is 0.033% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AVAX-USD	11.121	0.0104	pay 0.0013% / 1h	39m 13s	$666K	$2.1M	25x
Short	Deribit AVAX_USDC-PERPETUAL	11.122	−0.0199	pay 0.0025% / 1h	39m 13s	$5.3M	$8.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$63.71
Price spread: +0.007% → +0.040%: −$3.26
Slippage, 4 orders: −$8.95
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$87.91
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Deribit: 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 Extended live order book, 4 min ago	0.45 bp	5.5 bp −$6	7.9 bp −$79	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	0.45 bp	3.9 bp −$4	37.1 bp −$371	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	11.100	−0.191%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0199%	1h	11.122	+0.007%	$5.3M	$8.7M	25x
Nado AVAX-PERP	−0.0039%	1h	11.129	+0.070%	$292K	$842K	10x	as long as short
Gate AVAX_USDT	−0.0025%	8h	11.134	+0.115%	$12.2M	$38.1M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.144	+0.200%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.129	+0.068%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.125	+0.037%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.131	+0.088%	$18K	$636K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.135	+0.124%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.139	+0.160%	$2.3M	$1.6M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.143	+0.198%	$296K	$106K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.126	+0.043%	$118.4M	$492.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.131	+0.088%	$88.6M	$150.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.125	+0.034%	$19.9M	$135.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.131	+0.088%	$48.9M	$88.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.139	+0.160%	$15.4M	$23.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.128	+0.061%	$33.7M	$55.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.129	+0.070%	—	$86.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.154	+0.295%	$357K	$558K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.127	+0.050%	$2.9M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.123	+0.017%	$358K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.126	+0.043%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.134	+0.115%	$131K	$376K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.133	+0.106%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.171	+0.450%	$12K	$728K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.124	+0.025%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.124	+0.029%	$360K	$963K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.127	+0.052%	$29.9M	$4.9M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	11.121	long leg	$666K	$2.1M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.122	+0.008%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.128	+0.065%	$4.3M	$12.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.127	+0.052%	$5.0M	$6.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.131	+0.086%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.159	+0.340%	$907K	$7.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.129	+0.068%	$249K	—	120x	as long as short
Hyperliquid AVAX	+0.0649%	1h	11.149	+0.250%	$43.5M	$51.0M	10x	as long as short