AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0296%/8h= −32.4% APRnext payment −$0.37 per $10,000 · paid last 24h −0.078%

Price spread now: ApeX Omni against Hyperliquid+0.189%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

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

costs, in and out, $10k−$450.446% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.189%, 7d avg −0.015%

Together, before fees−0.035%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.204% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.189% now, against its 7-day average of −0.015%): +$20 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 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	11.122	0.0396	pay 0.0049% / 1h	53m 22s	$43.3M	$48.0M	10x
Short	ApeX Omni AVAXUSDT	11.143	0.0100	get 0.0013% / 1h	53m 22s	$179K	$686K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.189%Rate

Funding earned: −$62.08
Price spread: +0.189% → −0.015%: $20.4
Slippage, 4 orders: −$25.57
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$86.25
Costs to cover: 0.446%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; ApeX Omni: live order book, 15 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, 10 min ago	1.34 bp	6.7 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 15 min ago	4.46 bp	13.7 bp −$14	101.2 bp −$1,012	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	11.020	−0.917%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0021%	1h	11.084	−0.342%	$5.2M	$8.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.105	−0.156%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.115	−0.061%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0021%	1h	11.110	−0.112%	$290K	$525K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.095	−0.239%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.109	−0.117%	$17K	$606K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.101	−0.188%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.097	−0.220%	$2.3M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.104	−0.158%	$295K	$107K	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	11.115	−0.063%	$118.3M	$473.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.116	−0.054%	$88.4M	$146.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.118	−0.036%	$19.8M	$128.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.106	−0.144%	$12.1M	$36.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.114	−0.072%	$48.7M	$81.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.111	−0.099%	$15.5M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.110	−0.108%	$33.5M	$52.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.114	−0.072%	—	$83.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.094	−0.252%	$355K	$551K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.074	−0.434%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.061	−0.546%	$351K	$844K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.143	+0.189%	$179K	$686K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.115	−0.063%	$130K	$369K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.125	+0.027%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.117	−0.049%	$12K	$720K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.084	−0.342%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.041	−0.727%	$360K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.087	−0.315%	$29.6M	$5.3M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.103	−0.171%	$664K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.081	−0.366%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.072	−0.450%	$5.0M	$6.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.112	−0.091%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.086	−0.319%	$4.3M	$12.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.090	−0.288%	$909K	$6.3M	50x	as long as short
Hyperliquid AVAXlong	+0.0396%	1h	11.122	long leg	$43.3M	$48.0M	10x
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.114	−0.070%	$236K	—	120x	as long as short