AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.021%

Price spread now: Coinbase International against Pacifica+0.024%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$460.456% of the position

Long on Pacifica Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

Price spread, last 3 days (all we have)−0.071%−$7 · spread now +0.024%, 7d avg +0.055%

Together, before fees+0.067%+ Points / potential airdropPacifica: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.032% cheaper against Pacifica than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.055%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.137% in total) that is about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.126	0.0100	pay 0.0013% / 1h	30m 30s	$295K	$107K	10x
Short	Coinbase International AVAX-PERP-INTX	11.129	0.0288	get 0.0036% / 1h	30m 30s	$904K	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Pacifica. 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 PacificabpFee Coinbase InternationalbpOrdersPrice spread, now +0.024%Rate

Funding earned: $39.48
Price spread: +0.024% → +0.055%: −$3.17
Slippage, 4 orders: −$27.61
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$9.3
Costs to cover: 0.456%
Break-even: 8.6 days

Slippage from Pacifica: live order book, 38 min ago; Coinbase International: live order book, 3 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 Pacifica live order book, 38 min ago	4.91 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	2.70 bp	10.1 bp −$10	15.9 bp −$159	doesn't fit	doesn't fit

AVAX on 35 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	−0.1423%	1h	11.090	−0.327%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.115	−0.102%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0050%	1h	11.125	−0.008%	$286K	$516K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.120	−0.061%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.119	−0.065%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0066%	8h	11.121	−0.048%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.120	−0.061%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.126	−0.003%	$15K	$595K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.123	−0.032%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.121	−0.046%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAXlong	+0.0100%	1h	11.126	long leg	$295K	$107K	10x
Binance AVAXUSDT	+0.0100%	8h	11.126	−0.003%	$118.5M	$465.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.125	−0.012%	$88.6M	$145.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.127	+0.006%	$20.0M	$124.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.121	−0.048%	$48.7M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.125	−0.012%	$15.6M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.124	−0.021%	$33.4M	$51.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.122	−0.039%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.118	−0.075%	$355K	$545K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.127	+0.004%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.117	−0.084%	$350K	$800K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.118	−0.075%	$179K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.129	+0.024%	$131K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.123	−0.030%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.145	+0.164%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.116	−0.093%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.112	−0.130%	$361K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.116	−0.093%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.118	−0.079%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.112	−0.130%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.120	−0.054%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.119	−0.067%	$4.3M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0288%	1h	11.129	+0.024%	$904K	$5.9M	50x
Hyperliquid AVAX	+0.0424%	1h	11.133	+0.060%	$43.4M	$47.0M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.119	−0.069%	$236K	—	120x	as long as short