AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Pacifica against Lighter+0.093%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.093%, 7d avg +0.030%

Together, before fees+0.076%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board+$8 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: Pacifica is 0.062% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	10.714	0.0096	pay 0.0012% / 1h	47m 04s	$1.2M	$2.4M	10x
Short	Pacifica AVAX	10.724	0.0100	get 0.0013% / 1h	47m 04s	$269K	$129K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.093%Rate

Funding earned: $0.84
Price spread: +0.093% → +0.030%: $6.23
Slippage, 4 orders: −$14.17
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$15.11
Costs to cover: 0.222%
Break-even: 132.9 days

Slippage from Lighter: live order book, 5 min ago; Pacifica: live order book, 56 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, 5 min ago	2.29 bp	3.5 bp −$4	13.1 bp −$131	75.7 bp −$7,570	doesn't fit
Sell Pacifica live order book, 56 min ago	1.87 bp	10.3 bp −$10	22.6 bp −$226	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
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.711	−0.028%	$3.8M	$11.8M	50x	as long as short
Nado AVAX-PERP	−0.0096%	1h	10.717	+0.028%	$281K	$332K	10x	as long as short
Variational Omni AVAX	−0.0075%	8h	10.688	−0.243%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.721	+0.064%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.717	+0.023%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.719	+0.043%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0007%	8h	10.717	+0.023%	$13.0M	$30.6M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.425%	$17K	$151K	12x	as long as short
Bybit AVAXUSDT	+0.0082%	8h	10.706	−0.079%	$81.6M	$142.0M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	10.721	+0.057%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAXlong	+0.0096%	1h	10.714	long leg	$1.2M	$2.4M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.719	+0.042%	$25K	$473K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.720	+0.051%	$36.8M	$43.4M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.711	−0.033%	$2.2M	$969K	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	10.724	+0.093%	$269K	$129K	10x
Binance AVAXUSDT	+0.0100%	8h	10.708	−0.061%	$113.3M	$415.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.704	−0.098%	$18.8M	$110.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.711	−0.033%	$46.1M	$79.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.716	+0.014%	$13.7M	$22.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.707	−0.070%	$32.4M	$47.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.709	−0.051%	—	$54.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.712	−0.023%	$437K	$555K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.714	−0.008%	$344K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.724	+0.089%	$173K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.722	+0.070%	$135K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.724	+0.089%	$232K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.750	+0.333%	$12K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.713	−0.014%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.717	+0.028%	$326K	$880K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.716	+0.014%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.711	−0.037%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.711	−0.028%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.711	−0.033%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.724	+0.089%	$854K	$4.8M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.717	+0.020%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.718	+0.028%	$226K	—	120x	as long as short