AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.045%

Price spread now: Extended against Lighter−0.111%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

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

costs, in and out, $10k−$170.173% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.111%, 7d avg −0.038%

Together, before fees+0.097%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$10 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: Extended is 0.073% cheaper against Lighter than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	11.242	0.0096	pay 0.0012% / 1h	9m 43s	$1.2M	$3.3M	10x
Short	Extended AVAX-USD	11.229	0.0104	get 0.0013% / 1h	9m 43s	$669K	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.111%Rate

Funding earned: $1.68
Price spread: −0.111% → −0.038%: −$7.29
Slippage, 4 orders: −$12.31
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$22.92
Costs to cover: 0.173%
Break-even: 102.5 days

Slippage from Lighter: live order book, 8 min ago; Extended: live order book, 4 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	3.11 bp	3.1 bp −$3	9.8 bp −$98	78.1 bp −$7,808	doesn't fit
Sell Extended live order book, 4 min ago	0.89 bp	4.2 bp −$4	6.3 bp −$63	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	−0.0570%	1h	11.210	−0.282%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.227	−0.131%	$5.3M	$9.1M	25x	as long as short
Nado AVAX-PERP	−0.0039%	1h	11.218	−0.211%	$296K	$892K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.239	−0.026%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.230	−0.106%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0019%	8h	11.219	−0.202%	$3.0M	$2.4M	—	as long as short
Lighter AVAXlong	+0.0096%	1h	11.242	long leg	$1.2M	$3.3M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.220	−0.193%	$18K	$686K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.239	−0.024%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.229	−0.110%	$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	+0.001%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.241	−0.010%	$120.4M	$524.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.238	−0.033%	$89.3M	$157.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.239	−0.024%	$20.2M	$146.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.231	−0.095%	$12.5M	$40.7M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.239	−0.024%	$51.4M	$100.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.244	+0.020%	$16.0M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.240	−0.015%	$34.1M	$59.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.231	−0.095%	—	$88.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.232	−0.086%	$359K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.253	+0.101%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.256	+0.127%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.222	−0.175%	$133K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.236	−0.051%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.251	+0.082%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.229	−0.113%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.227	−0.126%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.231	−0.095%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.229	−0.111%	$669K	$2.2M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.223	−0.165%	$258K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.235	−0.060%	$910K	$8.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.223	−0.166%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.217	−0.220%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0410% / S −0.0258%	1h	11.226	−0.141%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0597%	1h	11.252	+0.092%	$43.5M	$56.6M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0630%	1h	11.233	−0.074%	$4.6M	$13.5M	50x	as long as short