AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.018%

Price spread now: BloFin against Phemex+0.125%59s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.467% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 3 days (all we have)−0.125%−$13 · spread now +0.125%, 7d avg −0.011%

Together, before fees+0.076%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.136% dearer against Phemex than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.011%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVAXUSDT	11.197	0.0100	pay 0.0100% / 8h	7h 56m	$30.1M	$4.9M	50x
Short	BloFin AVAX-USDT	11.211	0.0220	get 0.0220% / 8h	7h 56m	$5.0M	$6.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phemex. 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 PhemexbpFee BloFinbpOrdersPrice spread, now +0.125%Rate

Funding earned: $25.2
Price spread: +0.125% → −0.011%: $13.58
Slippage, 4 orders: −$22.67
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$7.89
Costs to cover: 0.467%
Break-even: 9.2 days

Slippage from Phemex: live order book, 3 min ago; BloFin: 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 Phemex live order book, 3 min ago	3.56 bp	16.4 bp −$16	24.9 bp −$249	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	1.34 bp	7.8 bp −$8	11.5 bp −$115	31.7 bp −$3,167	63.4 bp −$31.7K

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	−0.1363%	1h	11.180	−0.152%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0197%	1h	11.188	−0.080%	$5.3M	$8.8M	25x	as long as short
Gate AVAX_USDT	−0.0061%	8h	11.192	−0.045%	$12.5M	$37.4M	75x	as long as short
Nado AVAX-PERP	−0.0013%	1h	11.194	−0.031%	$296K	$880K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.215	+0.157%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.194	−0.027%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.193	−0.038%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.202	+0.045%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.208	+0.096%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.198	+0.010%	$2.3M	$1.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.213	+0.145%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.196	−0.009%	$120.0M	$509.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.194	−0.027%	$89.0M	$154.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.188	−0.080%	$20.2M	$141.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.192	−0.045%	$49.7M	$87.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.198	+0.009%	$15.6M	$24.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.193	−0.036%	$34.1M	$57.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.192	−0.045%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.191	−0.054%	$358K	$563K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.210	+0.116%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.230	+0.292%	$362K	$873K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.234	+0.330%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.204	+0.063%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.199	+0.018%	$203K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.222	+0.222%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.192	−0.045%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.156	−0.363%	$360K	$1.0M	75x	as long as short
Phemex AVAXUSDTlong	+0.0100%	8h	11.197	long leg	$30.1M	$4.9M	50x
Extended AVAX-USD	+0.0104%	1h	11.189	−0.073%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.197	+0.002%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.199	+0.017%	$4.5M	$12.9M	50x	as long as short
BloFin AVAX-USDTshort	+0.0220%	8h	11.211	+0.125%	$5.0M	$6.9M	100x
Reya AVAXRUSDPERP	+0.0244%	1h	11.188	−0.076%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.203	+0.054%	$914K	$7.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0435% / S −0.0259%	1h	11.191	−0.054%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0631%	1h	11.210	+0.116%	$43.7M	$55.0M	10x	as long as short