AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0031%/8h= −3.3% APRnext payment −$0.31 per $10,000 · paid last 24h +0.039%

Price spread now: Phemex against Orderly+0.142%7-day average −0.012% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 3 days (all we have)−0.196%−$20 · spread now +0.142%, 7d avg −0.012%

Together, before fees−0.174%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.154% dearer against Orderly than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of −0.012%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	11.301	0.0100	pay 0.0100% / 8h	2h 24m	$203K	$302K	20x
Short	Phemex AVAXUSDT	11.317	0.0069	get 0.0069% / 8h	2h 24m	$30.3M	$4.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpFee PhemexbpOrdersPrice spread, now +0.142%Rate

Funding earned: −$6.41
Price spread: +0.142% → −0.012%: $15.35
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$9.06
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	2.22 bp	13.5 bp −$14	23.3 bp −$233	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Variational Omni AVAX	−0.0130%	8h	11.287	−0.123%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0104%	1h	11.298	−0.027%	$5.3M	$9.4M	25x	as long as short
Nado AVAX-PERP	−0.0097%	1h	11.288	−0.111%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.260	−0.363%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.321	+0.176%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.296	−0.047%	$16K	—	150x	as long as short
Extended AVAX-USD	+0.0032%	1h	11.317	+0.142%	$672K	$2.3M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.309	+0.071%	$916K	$8.2M	50x	as long as short
Gate AVAX_USDT	+0.0064%	8h	11.316	+0.133%	$12.7M	$40.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0064%	8h	11.321	+0.177%	$20.1M	$149.0M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDTshort	+0.0069%	8h	11.317	+0.142%	$30.3M	$4.9M	50x
MEXC AVAX_USDT	+0.0084%	8h	11.322	+0.186%	$56.0M	$109.8M	200x	as long as short
Binance AVAXUSDT	+0.0087%	8h	11.317	+0.142%	$121.3M	$537.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.318	+0.150%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.291	−0.088%	$7K	$703K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	11.321	+0.174%	$13K	$766	20x	as long as short
Bybit AVAXUSDT	+0.0098%	8h	11.323	+0.195%	$89.7M	$154.6M	75x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.317	+0.141%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.322	+0.189%	$301K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.321	+0.177%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.321	+0.177%	$35.0M	$61.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.323	+0.195%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.318	+0.150%	$336K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.296	−0.044%	$357K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.293	−0.071%	$182K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.298	−0.027%	$132K	$481K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	11.301	long leg	$203K	$302K	20x
SunX AVAX-USDT	+0.0100%	8h	11.324	+0.201%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.308	+0.062%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.287	−0.119%	$362K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.296	−0.043%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0204%	8h	11.310	+0.080%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.293	−0.073%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.317	+0.144%	$4.7M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.295	−0.053%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0590%	1h	11.337	+0.319%	$43.9M	$58.3M	10x	as long as short