AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1254%/8h= +137.3% APRnext payment +$1.57 per $10,000 · paid last 24h +0.008%

Price spread now: Deribit against Injective+0.505%63s7-day average +0.174% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as 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−$1011.007% of the position

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.246%−$25 on $10k

Price spread, last 3 days (all we have)−1.636%−$164 · spread now +0.505%, 7d avg +0.174%

Together, before fees−1.882%−$188 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Deribit is 0.331% dearer against Injective than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.174%. Mind the row above: over the last 7 days funding on this pair cost −0.246%, so the current rate has only just turned in your favour. The two prices were read 63 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 -0.246% in total (about -12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.57 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	−0.1363	get 0.0170% / 1h	39m 49s	$17K	$151K	12x
Short	Deribit AVAX_USDC-PERPETUAL	11.146	−0.0109	pay 0.0014% / 1h	39m 49s	$5.3M	$8.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.505%Rate

Funding earned: $263.36
Price spread: +0.505% → +0.174%: $33.06
Slippage, 4 orders: −$93.73
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $195.68
Costs to cover: 1.007%
Break-even: 1.8 days

Slippage from Injective: live order book, 34 min ago; Deribit: live order book, 4 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, 34 min ago	35.68 bp	53.4 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 4 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 PERPlong	−0.1363%	1h	11.090	long leg	$17K	$151K	12x
Deribit AVAX_USDC-PERPETUALshort	−0.0109%	1h	11.146	+0.505%	$5.3M	$8.7M	25x
Nado AVAX-PERP	−0.0041%	1h	11.136	+0.410%	$292K	$853K	10x	as long as short
Gate AVAX_USDT	−0.0023%	8h	11.143	+0.478%	$12.2M	$38.1M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.138	+0.436%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.148	+0.521%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.149	+0.533%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.145	+0.496%	$18K	$641K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.144	+0.483%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.150	+0.540%	$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	11.138	+0.433%	$296K	$117K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.142	+0.473%	$118.5M	$496.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.142	+0.469%	$88.7M	$150.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.138	+0.433%	$20.0M	$136.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.145	+0.496%	$49.0M	$88.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.150	+0.541%	$15.4M	$23.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.142	+0.469%	$33.7M	$55.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.141	+0.460%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.154	+0.577%	$357K	$558K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.127	+0.332%	$2.9M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.123	+0.299%	$358K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.144	+0.487%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.148	+0.523%	$131K	$385K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.154	+0.577%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.177	+0.787%	$12K	$730K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.149	+0.532%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.149	+0.528%	$361K	$963K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.149	+0.532%	$30.0M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.137	+0.421%	$666K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.144	+0.484%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.152	+0.561%	$4.3M	$12.9M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.134	+0.397%	$5.0M	$6.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.144	+0.490%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.159	+0.622%	$907K	$7.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.147	+0.513%	$249K	—	120x	as long as short
Hyperliquid AVAX	+0.0649%	1h	11.157	+0.607%	$43.5M	$51.0M	10x	as long as short