Funding you earn now, next payment 00:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Paradex+0.143%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.143% dearer against Paradex than usual: you sell high and buy low, +$14 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex AVAX-USD-PERP | 11.238 | 0.0099 | pay 0.0099% / 8h | 1h 26m | $13K | $766 | 20x |
| Short | Phemex AVAXUSDT | 11.254 | 0.0100 | get 0.0100% / 8h | 1h 26m | $30.3M | $5.0M | 50x |
Paradex AVAX-USD-PERP
Phemex AVAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Paradex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.2
- Price spread: +0.143% → 0.000%
- $14.3
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$1.5
- Costs to cover
- 0.160%
- Break-even
- 60.8 days
Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 3 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 3 min ago | 1.77 bp | 15.6 bp −$16 | 23.4 bp −$234 | doesn't fit | doesn't fit |
Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AVAX/USDC PERP | −0.0570% | 1h | 11.210 | −0.249% | $17K | $151K | 12x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0194% | 1h | 11.254 | +0.143% | $5.3M | $9.2M | 25x | as long as short |
| Nado AVAX-PERP | −0.0026% | 1h | 11.266 | +0.250% | $297K | $895K | 10x | as long as short |
| Variational Omni AVAX | −0.0016% | 8h | 11.259 | +0.188% | $3.0M | $2.4M | — | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 11.248 | +0.090% | $103K | $112K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0004% | 1h | 11.256 | +0.161% | $16K | — | 150x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 11.246 | +0.071% | $1.2M | $3.3M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 11.243 | +0.045% | $17K | $691K | 50x | as long as short |
| Paradex AVAX-USD-PERPlong | +0.0099% | 8h | 11.238 | long leg | $13K | $766 | 20x | |
| Aster AVAXUSDT | +0.0100% | 8h | 11.249 | +0.095% | $2.3M | $1.8M | 75x | as long as short |
Injective AVAX/USDC PERP
Deribit AVAX_USDC-PERPETUAL
Nado AVAX-PERP
Variational Omni AVAX
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Lighter AVAX
Popdex AVAXUSDT
Aster AVAXUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica AVAX | +0.0100% | 1h | 11.250 | +0.112% | $299K | $120K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 11.246 | +0.072% | $120.3M | $526.1M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 11.244 | +0.054% | $88.8M | $157.5M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 11.239 | +0.010% | $20.3M | $146.2M | 50x | as long as short |
| Gate AVAX_USDT | +0.0100% | 8h | 11.253 | +0.134% | $12.3M | $40.4M | 75x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 11.241 | +0.027% | $52.2M | $100.1M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 11.251 | +0.116% | $16.1M | $24.7M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 11.239 | +0.010% | $34.2M | $60.2M | 75x | as long as short |
| BingX AVAX-USDC | +0.0100% | 8h | 11.243 | +0.045% | — | $6.5M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 11.257 | +0.170% | $361K | $570K | 15x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 11.266 | +0.248% | $360K | $877K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 11.270 | +0.285% | $181K | $685K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 11.268 | +0.268% | $134K | $459K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 11.265 | +0.241% | $203K | $301K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.293 | +0.486% | $12K | $731K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 11.256 | +0.161% | $19K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 11.261 | +0.210% | $363K | $1.1M | 75x | as long as short |
| Phemex AVAXUSDTshort | +0.0100% | 8h | 11.254 | +0.143% | $30.3M | $5.0M | 50x | |
| Extended AVAX-USD | +0.0104% | 1h | 11.238 | −0.004% | $673K | $2.2M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 11.260 | +0.198% | $259K | — | 3x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0192% | 1h | 11.255 | +0.152% | $909K | $8.3M | 50x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 11.258 | +0.179% | $5.0M | $8.0M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 11.255 | +0.153% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0404% / S −0.0249% | 1h | 11.254 | +0.144% | $237K | — | 120x | as long as short |
| Hyperliquid AVAX | +0.0620% | 1h | 11.270 | +0.285% | $43.6M | $57.2M | 10x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0628% | 1h | 11.263 | +0.220% | $4.6M | $13.5M | 50x | as long as short |
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
Gate AVAX_USDT
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDC
Backpack AVAX_USDC_PERP
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Extended AVAX-USD
Aevo AVAX-PERP
Coinbase International AVAX-PERP-INTX
BloFin AVAX-USDT
Reya AVAXRUSDPERP
GMX AVAX/USD [AVAX-USDC]
Hyperliquid AVAX
Kraken Futures PF_AVAXUSD