AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0484%/8h= −53.0% APRnext payment −$0.60 per $10,000 · paid last 24h −0.083%

Price spread now: Aevo against Hyperliquid−0.225%54s7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$764as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$7637.629% of the position

Long on Hyperliquid Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.225%, 7d avg −0.084%

Together, before fees−0.052%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Aevo is 0.141% cheaper against Hyperliquid than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.084%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.008% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.60 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AVAX	11.157	0.0588	pay 0.0073% / 1h	31m 22s	$43.3M	$42.3M	10x
Short	Aevo AVAX-PERP	11.132	0.0104	get 0.0013% / 1h	31m 22s	$256K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Hyperliquid. 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 HyperliquidbpFee AevobpOrdersPrice spread, now −0.225%Rate

Funding earned: −$101.58
Price spread: −0.225% → −0.084%: −$14.06
Slippage, 4 orders: −$737.92
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$878.56
Costs to cover: 7.629%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; Aevo: live order book, 28 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 Hyperliquid live order book, 12 min ago	0.45 bp	9.1 bp −$9	15.3 bp −$153	doesn't fit	doesn't fit
Sell Aevo live order book, 28 min ago	181.25 bp	386.3 bp −$386	doesn't fit	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	−0.1423%	1h	11.090	−0.601%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0036%	1h	11.145	−0.113%	$287K	$368K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.144	−0.118%	$97K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.142	−0.135%	$5.2M	$7.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.142	−0.134%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.143	−0.129%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.144	−0.117%	$16K	$568K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.144	−0.116%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.146	−0.100%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.146	−0.096%	$291K	$114K	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	11.143	−0.130%	$118.2M	$426.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.140	−0.153%	$88.3M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.144	−0.117%	$20.4M	$115.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.141	−0.144%	$12.2M	$34.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.142	−0.135%	$47.9M	$77.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.147	−0.091%	$15.7M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.143	−0.126%	$33.4M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.141	−0.144%	—	$78.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.146	−0.099%	$337K	$521K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.105	−0.471%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.108	−0.441%	$352K	$853K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.143	−0.126%	$179K	$672K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.144	−0.117%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.146	−0.099%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.168	+0.102%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.144	−0.117%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.133	−0.217%	$364K	$819K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.146	−0.099%	$29.8M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.142	−0.139%	$685K	$1.4M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	11.132	−0.225%	$256K	—	3x
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.146	−0.100%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.148	−0.082%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.157	−0.001%	$892K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.140	−0.156%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.140	−0.149%	$236K	—	120x	as long as short
Hyperliquid AVAXlong	+0.0588%	1h	11.157	long leg	$43.3M	$42.3M	10x