AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.005%

Price spread now: ApeX Omni against Lighter+0.172%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.187%+$19 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now +0.172%, 7d avg +0.072%

Together, before fees+0.273%+ Points / potential airdropLighter: Season 3 · farm board+$27 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.100% dearer against Lighter than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	11.215	0.0096	pay 0.0012% / 1h	56m 55s	$1.2M	$3.0M	10x
Short	ApeX Omni AVAXUSDT	11.234	0.0100	get 0.0013% / 1h	56m 55s	$180K	$688K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now +0.172%Rate

Funding earned: $0.84
Price spread: +0.172% → +0.072%: $10.04
Slippage, 4 orders: −$24.65
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$23.77
Costs to cover: 0.347%
Break-even: 205.1 days

Slippage from Lighter: live order book, 10 min ago; ApeX Omni: live order book, 16 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 Lighter live order book, 10 min ago	3.29 bp	3.3 bp −$3	8.8 bp −$88	78.0 bp −$7,800	doesn't fit
Sell ApeX Omni live order book, 16 min ago	6.24 bp	14.0 bp −$14	105.0 bp −$1,050	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 PERP	−0.1363%	1h	11.180	−0.309%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0107%	1h	11.215	+0.003%	$5.3M	$8.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.222	+0.065%	$103K	$105K	10x	as long as short
Nado AVAX-PERP	+0.0001%	1h	11.216	+0.012%	$296K	$879K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.221	+0.056%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0021%	8h	11.214	−0.006%	$12.5M	$37.4M	75x	as long as short
Lighter AVAXlong	+0.0096%	1h	11.215	long leg	$1.2M	$3.0M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.217	+0.021%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.218	+0.032%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.216	+0.013%	$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 AVAX	+0.0100%	1h	11.220	+0.046%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.209	−0.051%	$120.1M	$509.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.210	−0.042%	$89.4M	$154.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.208	−0.060%	$20.3M	$142.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.213	−0.015%	$49.8M	$87.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.221	+0.056%	$15.6M	$24.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.211	−0.033%	$34.2M	$57.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.211	−0.033%	—	$86.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.212	−0.024%	$358K	$562K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.228	+0.118%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.230	+0.134%	$362K	$873K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.234	+0.172%	$180K	$688K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.219	+0.038%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.224	+0.083%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.250	+0.314%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.212	−0.024%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.220	+0.043%	$362K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.214	−0.006%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.207	−0.065%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.220	+0.043%	$258K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.218	+0.029%	$4.6M	$12.9M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.211	−0.033%	$5.0M	$6.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.215	+0.003%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.227	+0.110%	$916K	$7.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0435% / S −0.0258%	1h	11.221	+0.053%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0664%	1h	11.228	+0.119%	$43.8M	$55.0M	10x	as long as short