AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1527%/8h= +167.2% APRnext payment +$1.91 per $10,000 · paid last 24h +0.270%

Price spread now: Extended against Injective−1.694%60s7-day average +0.146% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as 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−$1051.048% of the position

Long on Injective Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.374%+$37 on $10k

Price spread, last 4 days (all we have)+0.710%+$71 · spread now −1.694%, 7d avg +0.146%

Together, before fees+1.084%+ Points / potential airdropExtended: Active · farm board+$108 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 1.840% cheaper against Injective than usual: you would sell low and buy high (spread −1.694% now, against its 7-day average of +0.146%). If the spread goes back, that is −$184 on $10k: about 4.0 days of funding at the current rate (+$46 a day). At the pace of the last 7 days (+0.374% in total) that is about 34 days. The two prices were read 60 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 0.374% in total (about 19.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.91 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	10.760	−0.1423	get 0.0178% / 1h	38m 18s	$17K	$152K	12x
Short	Extended AVAX-USD	10.578	0.0104	get 0.0013% / 1h	38m 18s	$638K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −1.694%Rate

Funding earned: $320.63
Price spread: −1.694% → +0.146%: −$183.98
Slippage, 4 orders: −$99.8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $31.83
Costs to cover: 1.048%
Break-even: 6.3 days

Slippage from Injective: live order book, 10 min ago; Extended: live order book, 5 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, 10 min ago	42.47 bp	51.9 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.94 bp	5.2 bp −$5	7.5 bp −$75	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	10.760	long leg	$17K	$152K	12x
Kraken Futures PF_AVAXUSD	−0.0282%	1h	10.588	−1.597%	$4.2M	$11.4M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.580	−1.676%	$92K	$101K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.584	−1.636%	$4.7M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.585	−1.622%	$12K	—	150x	as long as short
Nado AVAX-PERP	+0.0006%	1h	10.574	−1.724%	$293K	$335K	10x	as long as short
Variational Omni AVAX	+0.0016%	8h	10.570	−1.767%	$2.8M	$2.2M	—	as long as short
Gate AVAX_USDT	+0.0023%	8h	10.581	−1.664%	$12.0M	$32.2M	75x	as long as short
Polymarket Perps AVAX-USD	+0.0050%	1h	10.582	−1.654%	$132K	$355K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.579	−1.680%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.586	−1.616%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.581	−1.664%	$15K	$445K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.586	−1.617%	$38.0M	$43.3M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.584	−1.638%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.582	−1.654%	$266K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.591	−1.571%	$112.2M	$429.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.586	−1.617%	$78.6M	$144.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.591	−1.571%	$18.6M	$111.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.581	−1.664%	$41.6M	$79.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.578	−1.691%	$13.2M	$22.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.580	−1.673%	$31.5M	$49.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.582	−1.654%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.566	−1.803%	$372K	$535K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.586	−1.620%	$335K	$957K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.587	−1.608%	$171K	$663K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.587	−1.608%	$167K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.612	−1.373%	$12K	$749K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.583	−1.645%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.579	−1.678%	$341K	$793K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.586	−1.617%	$28.2M	$5.8M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	10.578	−1.694%	$638K	$1.4M	25x
Aevo AVAX-PERP	+0.0104%	1h	10.580	−1.673%	$243K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.588	−1.599%	$841K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.575	−1.719%	$4.6M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.578	−1.687%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0263%	1h	10.584	−1.635%	$234K	—	120x	as long as short