AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1551%/8h= +169.8% APRnext payment +$1.94 per $10,000 · paid last 24h +0.164%

Price spread now: Pacifica against Injective+0.410%7-day average +0.200% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1211.206% of the position

Long on Injective Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.380%+$38 on $10k

Price spread, last 3 days (all we have)−1.348%−$135 · spread now +0.410%, 7d avg +0.200%

Together, before fees−0.968%+ Points / potential airdropPacifica: Active · farm board−$97 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and Pacifica is 0.210% dearer against Injective than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.200%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.380% in total (about 19.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.94 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	11.190	−0.1451	get 0.0181% / 1h	30m 07s	$17K	$151K	12x
Short	Pacifica AVAX	11.236	0.0100	get 0.0013% / 1h	30m 07s	$298K	$118K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.410%Rate

Funding earned: $325.63
Price spread: +0.410% → +0.200%: $20.97
Slippage, 4 orders: −$112.61
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $225.97
Costs to cover: 1.206%
Break-even: 2.1 days

Slippage from Injective: live order book, 49 min ago; Pacifica: live order book, 48 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, 49 min ago	40.02 bp	57.7 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 48 min ago	6.22 bp	12.1 bp −$12	22.1 bp −$221	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	−0.1451%	1h	11.190	long leg	$17K	$151K	12x
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.232	+0.375%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0094%	1h	11.232	+0.371%	$296K	$878K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.235	+0.399%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.236	+0.413%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0080%	8h	11.235	+0.404%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.236	+0.409%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.233	+0.384%	$19K	$671K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.230	+0.361%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.236	+0.411%	$2.3M	$1.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAXshort	+0.0100%	1h	11.236	+0.410%	$298K	$118K	10x
Binance AVAXUSDT	+0.0100%	8h	11.235	+0.402%	$120.2M	$512.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.234	+0.393%	$89.4M	$155.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.233	+0.384%	$20.2M	$143.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.234	+0.393%	$12.5M	$40.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.234	+0.393%	$51.6M	$93.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.240	+0.447%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.235	+0.402%	$34.2M	$58.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.237	+0.420%	—	$86.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.236	+0.411%	$359K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.236	+0.409%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.238	+0.429%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.239	+0.438%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.244	+0.483%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.264	+0.660%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.234	+0.393%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.232	+0.371%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.235	+0.402%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.231	+0.371%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.233	+0.389%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.236	+0.411%	$5.0M	$7.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.232	+0.377%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.240	+0.444%	$4.6M	$13.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.245	+0.492%	$914K	$7.9M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0424% / S −0.0279%	1h	11.235	+0.401%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0809%	1h	11.253	+0.563%	$43.7M	$55.1M	10x	as long as short