AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0143%/8h= +15.6% APRnext payment +$0.18 per $10,000 · paid last 24h +0.164%

Price spread now: ApeX Omni against Injective−0.098%7-day average +0.221% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1171.166% of the position

Long on Injective Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.368%+$37 on $10k

Price spread, last 3 days (all we have)−0.672%−$67 · spread now −0.098%, 7d avg +0.221%

Together, before fees−0.305%−$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.319% cheaper against Injective than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of +0.221%). If the spread goes back, that is −$32 on $10k: about 7.5 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AVAX/USDC PERP	11.260	−0.0043	get 0.0005% / 1h	26m 36s	$17K	$151K	12x
Short	ApeX Omni AVAXUSDT	11.249	0.0100	get 0.0013% / 1h	26m 36s	$181K	$684K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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 InjectivebpFee ApeX OmnibpOrdersPrice spread, now −0.098%Rate

Funding earned: $29.96
Price spread: −0.098% → +0.221%: −$31.92
Slippage, 4 orders: −$106.53
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$118.51
Costs to cover: 1.166%
Break-even: 34.7 days

Slippage from Injective: live order book, 62 min ago; ApeX Omni: live order book, 62 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 Injective live order book, 62 min ago	27.20 bp	63.4 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 62 min ago	4.52 bp	14.0 bp −$14	98.0 bp −$980	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
Deribit AVAX_USDC-PERPETUAL	−0.0193%	1h	11.284	+0.213%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0142%	8h	11.251	−0.080%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0096%	1h	11.293	+0.298%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERPlong	−0.0043%	1h	11.260	long leg	$17K	$151K	12x
dYdX AVAX-USD	0.0000%	1h	11.288	+0.249%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.287	+0.238%	$13K	—	150x	as long as short
Extended AVAX-USD	+0.0024%	1h	11.277	+0.153%	$672K	$2.3M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.294	+0.302%	$915K	$8.2M	50x	as long as short
OKX AVAX-USDT-SWAP	+0.0061%	8h	11.278	+0.160%	$20.1M	$148.4M	50x	as long as short
Gate AVAX_USDT	+0.0063%	8h	11.285	+0.222%	$12.6M	$40.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0065%	8h	11.284	+0.213%	$30.3M	$4.8M	50x	as long as short
MEXC AVAX_USDT	+0.0083%	8h	11.283	+0.204%	$55.5M	$109.6M	200x	as long as short
Binance AVAXUSDT	+0.0083%	8h	11.283	+0.206%	$121.0M	$537.0M	75x	as long as short
Bybit AVAXUSDT	+0.0093%	8h	11.283	+0.204%	$88.8M	$154.2M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.286	+0.232%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.292	+0.284%	$9K	$700K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.278	+0.158%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.289	+0.258%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.289	+0.256%	$300K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.289	+0.258%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.281	+0.187%	$34.9M	$61.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.280	+0.178%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.289	+0.258%	$335K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.246	−0.121%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.249	−0.098%	$181K	$684K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.299	+0.346%	$131K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.292	+0.284%	$203K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.321	+0.539%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.284	+0.213%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.278	+0.158%	$362K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.286	+0.231%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0203%	8h	11.294	+0.302%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.295	+0.312%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.294	+0.298%	$4.7M	$13.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.295	+0.312%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0570%	1h	11.303	+0.382%	$43.7M	$58.5M	10x	as long as short