AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.031%

Price spread now: Coinbase International against Lighter+0.261%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.322%+$32 on $10k

Price spread, last 4 days (all we have)−0.742%−$74 · spread now +0.261%, 7d avg +0.086%

Together, before fees−0.420%+ Points / potential airdropLighter: Season 3 · farm board−$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.175% dearer against Lighter than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	11.105	0.0096	pay 0.0012% / 1h	39m 05s	$1.2M	$2.9M	10x
Short	Coinbase International AVAX-PERP-INTX	11.134	0.0232	get 0.0029% / 1h	39m 05s	$900K	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.261%Rate

Funding earned: $28.56
Price spread: +0.261% → +0.086%: $17.52
Slippage, 4 orders: −$21.74
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $14.34
Costs to cover: 0.317%
Break-even: 3.5 days

Slippage from Lighter: live order book, 8 min ago; Coinbase International: 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 Lighter live order book, 8 min ago	2.25 bp	4.0 bp −$4	15.0 bp −$150	87.7 bp −$8,769	doesn't fit
Sell Coinbase International live order book, 5 min ago	4.49 bp	11.7 bp −$12	16.6 bp −$166	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	−0.1374%	1h	11.100	−0.045%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0200%	1h	11.103	−0.018%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0061%	1h	11.116	+0.099%	$286K	$448K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.126	+0.188%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.108	+0.028%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0046%	1h	11.110	+0.042%	$4.3M	$11.5M	50x	as long as short
Lighter AVAXlong	+0.0096%	1h	11.105	long leg	$1.2M	$2.9M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.111	+0.054%	$15K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.118	+0.117%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.114	+0.081%	$2.3M	$1.2M	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	11.123	+0.166%	$290K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.108	+0.031%	$118.6M	$434.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.111	+0.054%	$88.3M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.109	+0.036%	$20.0M	$117.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.110	+0.045%	$12.1M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.105	0.000%	$47.8M	$79.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.109	+0.036%	$15.5M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.106	+0.009%	$33.3M	$48.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.112	+0.063%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.110	+0.045%	$355K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.132	+0.246%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.141	+0.325%	$357K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.145	+0.360%	$179K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.112	+0.063%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.112	+0.063%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.142	+0.336%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.106	+0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.104	−0.005%	$363K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.107	+0.018%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.103	−0.022%	$671K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.096	−0.081%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.104	−0.009%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0232%	1h	11.134	+0.261%	$900K	$5.5M	50x
Reya AVAXRUSDPERP	+0.0244%	1h	11.108	+0.024%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.108	+0.026%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0452%	1h	11.128	+0.207%	$43.3M	$43.0M	10x	as long as short