AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1655%/8h= +181.2% APRnext payment +$2.07 per $10,000 · paid last 24h +0.266%

Price spread now: Coinbase International against Injective+0.135%7-day average +0.266% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1241.236% of the position

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.598%+$60 on $10k

Price spread, last 4 days (all we have)−1.100%−$110 · spread now +0.135%, 7d avg +0.266%

Together, before fees−0.502%−$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.130% cheaper against Injective than usual: you would sell low and buy high (spread +0.135% now, against its 7-day average of +0.266%). If the spread goes back, that is −$13 on $10k: about 6 hours of funding at the current rate (+$50 a day). At the pace of the last 7 days (+0.598% in total) that is about 37 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.598% in total (about 31.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.07 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	Injective AVAX/USDC PERP	11.090	−0.1423	get 0.0178% / 1h	50m 39s	$17K	$151K	12x
Short	Coinbase International AVAX-PERP-INTX	11.105	0.0232	get 0.0029% / 1h	50m 39s	$890K	$5.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.135%Rate

Funding earned: $347.46
Price spread: +0.135% → +0.266%: −$13.03
Slippage, 4 orders: −$113.6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $210.81
Costs to cover: 1.236%
Break-even: 2.8 days

Slippage from Injective: live order book, 8 min ago; Coinbase International: live order book, 3 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, 8 min ago	44.92 bp	53.9 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	4.04 bp	12.7 bp −$13	16.4 bp −$164	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 PERPlong	−0.1423%	1h	11.090	long leg	$17K	$151K	12x
Deribit AVAX_USDC-PERPETUAL	−0.0201%	1h	11.086	−0.036%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.077	−0.121%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.096	+0.055%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0002%	1h	11.104	+0.126%	$286K	$395K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0058%	1h	11.137	+0.424%	$179K	$673K	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.073	−0.150%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.076	−0.126%	$16K	$582K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.082	−0.068%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.086	−0.032%	$2.3M	$1.1M	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	11.083	−0.065%	$289K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.075	−0.135%	$117.8M	$427.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.074	−0.144%	$88.1M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.080	−0.090%	$20.2M	$115.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.073	−0.153%	$12.1M	$34.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.075	−0.135%	$48.2M	$77.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.093	+0.027%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.070	−0.180%	$33.2M	$48.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.074	−0.144%	—	$80.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.091	+0.009%	$335K	$524K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.091	+0.005%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.137	+0.424%	$355K	$835K	10x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.101	+0.099%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.099	+0.081%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.126	+0.327%	$12K	$702K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.090	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.111	+0.188%	$365K	$829K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.094	+0.036%	$29.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.069	−0.188%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.090	−0.002%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.093	+0.024%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.093	+0.027%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0232%	1h	11.105	+0.135%	$890K	$5.3M	50x
Reya AVAXRUSDPERP	+0.0244%	1h	11.094	+0.038%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.097	+0.064%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0692%	1h	11.104	+0.126%	$43.3M	$42.2M	10x	as long as short