AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0666%/8h= +72.9% APRnext payment +$0.83 per $10,000 · paid last 24h +0.166%

Price spread now: Popdex against Injective+0.294%7-day average +0.207% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1161.162% of the position

Long on Injective Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.301%+$30 on $10k

Price spread, last 3 days (all we have)−0.993%−$99 · spread now +0.294%, 7d avg +0.207%

Together, before fees−0.691%−$69 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Popdex is 0.087% dearer against Injective than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.207%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AVAX/USDC PERP	11.210	−0.0570	get 0.0071% / 1h	8m 39s	$17K	$151K	12x
Short	Popdex AVAXUSDT	11.243	0.0096	get 0.0012% / 1h	8m 39s	$18K	$686K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.294%Rate

Funding earned: $139.78
Price spread: +0.294% → +0.207%: $8.74
Slippage, 4 orders: −$109.76
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: $32.34
Costs to cover: 1.162%
Break-even: 5.4 days

Slippage from Injective: live order book, 10 min ago; Popdex: live order book, 10 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	40.02 bp	57.7 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 10 min ago	4.89 bp	9.6 bp −$10	24.5 bp −$245	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	−0.0570%	1h	11.210	long leg	$17K	$151K	12x
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.245	+0.312%	$5.3M	$9.1M	25x	as long as short
Nado AVAX-PERP	−0.0041%	1h	11.242	+0.285%	$297K	$892K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.240	+0.265%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.246	+0.321%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0019%	8h	11.219	+0.080%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.240	+0.268%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDTshort	+0.0096%	1h	11.243	+0.294%	$18K	$686K	50x
Paradex AVAX-USD-PERP	+0.0099%	8h	11.236	+0.235%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.240	+0.266%	$2.3M	$1.8M	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	11.242	+0.281%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.238	+0.249%	$120.4M	$524.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.237	+0.241%	$89.3M	$157.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.236	+0.232%	$20.2M	$146.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.238	+0.250%	$12.5M	$40.7M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.238	+0.250%	$51.4M	$100.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.245	+0.312%	$16.0M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.239	+0.259%	$34.1M	$59.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.237	+0.241%	—	$88.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.241	+0.277%	$359K	$567K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.253	+0.384%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.256	+0.410%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.246	+0.321%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.251	+0.366%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.261	+0.454%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.248	+0.339%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.239	+0.263%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.242	+0.285%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.233	+0.207%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.243	+0.294%	$258K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.235	+0.223%	$910K	$8.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.240	+0.268%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.242	+0.286%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0411% / S −0.0258%	1h	11.245	+0.316%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0593%	1h	11.255	+0.401%	$43.5M	$56.6M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0629%	1h	11.253	+0.379%	$4.6M	$13.5M	50x	as long as short