AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.136%

Price spread now: Deribit against Pacifica−0.051%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.335% of the position

Long on Pacifica Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.660%−$66 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now −0.051%, 7d avg −0.031%

Together, before fees−0.760%+ Points / potential airdropPacifica: Active · farm board−$76 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	10.941	0.0100	pay 0.0013% / 1h	31m 25s	$276K	$131K	10x
Short	Deribit AVAX_USDC-PERPETUAL	10.935	0	get 0.0000% / 1h	31m 25s	$5.0M	$7.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$21
Price spread: −0.051% → −0.031%: −$1.96
Slippage, 4 orders: −$18.47
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$56.42
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from Pacifica: live order book, 22 min ago; Deribit: 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, 22 min ago	4.54 bp	8.5 bp −$9	17.0 bp −$170	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	1.83 bp	7.0 bp −$7	21.1 bp −$211	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	−0.1421%	1h	10.900	−0.370%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.939	−0.013%	$96K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUALshort	0.0000%	1h	10.935	−0.051%	$5.0M	$7.8M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.938	−0.025%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.938	−0.025%	$4.2M	$11.2M	50x	as long as short
Nado AVAX-PERP	+0.0031%	1h	10.946	+0.055%	$284K	$318K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.937	−0.030%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.948	+0.068%	$15K	$452K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.934	−0.059%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.942	+0.013%	$2.2M	$1.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAXlong	+0.0100%	1h	10.941	long leg	$276K	$131K	10x
Binance AVAXUSDT	+0.0100%	8h	10.947	+0.059%	$115.1M	$427.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.947	+0.059%	$83.3M	$140.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.953	+0.114%	$20.0M	$113.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.940	−0.005%	$12.1M	$32.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.951	+0.096%	$45.3M	$78.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.941	+0.004%	$15.3M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.954	+0.123%	$33.1M	$47.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.943	+0.023%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.934	−0.060%	$372K	$549K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.931	−0.091%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.937	−0.028%	$346K	$931K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.940	−0.005%	$176K	$668K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.953	+0.114%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.942	+0.013%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.967	+0.246%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.936	−0.041%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.938	−0.026%	$364K	$770K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.937	−0.032%	$29.2M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.939	−0.011%	$675K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.938	−0.019%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.944	+0.032%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.944	+0.032%	$891K	$5.1M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.951	+0.092%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0328%	1h	10.965	+0.224%	$42.1M	$41.4M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.938	−0.019%	$232K	—	120x	as long as short