AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.009%

Price spread now: Lighter against Pacifica−0.019%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.295% of the position

Long on Pacifica Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.019%, 7d avg −0.030%

Together, before fees−0.172%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.120	0.0100	pay 0.0013% / 1h	5m 17s	$295K	$107K	10x
Short	Lighter AVAX	11.118	0.0096	get 0.0012% / 1h	5m 17s	$1.2M	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$0.84
Price spread: −0.019% → −0.030%: $1.08
Slippage, 4 orders: −$21.47
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$29.23
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from Pacifica: live order book, 63 min ago; Lighter: live order book, 2 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, 63 min ago	4.91 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	3.19 bp	4.1 bp −$4	11.2 bp −$112	91.4 bp −$9,140	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	11.060	−0.538%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0039%	1h	11.116	−0.039%	$286K	$475K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.117	−0.025%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.115	−0.041%	$102K	$91K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.122	+0.023%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0084%	8h	11.121	+0.010%	$12.1M	$36.7M	75x	as long as short
Lighter AVAXshort	+0.0096%	1h	11.118	−0.019%	$1.2M	$3.0M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.118	−0.017%	$16K	$578K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.117	−0.025%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.116	−0.031%	$2.3M	$1.3M	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	11.120	long leg	$295K	$107K	10x
Binance AVAXUSDT	+0.0100%	8h	11.121	+0.011%	$118.5M	$446.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.120	+0.001%	$88.4M	$140.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.120	+0.001%	$20.0M	$121.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.122	+0.019%	$48.6M	$82.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.120	+0.001%	$15.5M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.117	−0.025%	$33.4M	$49.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.122	+0.019%	—	$82.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.115	−0.043%	$355K	$503K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.108	−0.110%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.086	−0.306%	$354K	$790K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.106	−0.124%	$178K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.125	+0.046%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.125	+0.046%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.153	+0.297%	$12K	$709K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.119	−0.008%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.114	−0.048%	$361K	$855K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.116	−0.034%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.115	−0.044%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.114	−0.052%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.121	+0.007%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.122	+0.017%	$4.3M	$11.7M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.118	−0.017%	$902K	$5.7M	50x	as long as short
Hyperliquid AVAX	+0.0385%	1h	11.135	+0.136%	$43.2M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.121	+0.014%	$236K	—	120x	as long as short