Funding you earn now, next payment 08:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.028%
Price spread now: Coinbase International against Popdex+0.056%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 4 days (all we have)+0.103%+$10 on $10k
+Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.056%, 7d avg +0.052%
=The price spread sits at its 7-day average of +0.052%, 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 | Popdex AVAXUSDT | 10.762 | 0.0096 | pay 0.0012% / 1h | 57m 14s | $25K | $465K | 50x |
| Short | Coinbase International AVAX-PERP-INTX | 10.768 | 0.0200 | get 0.0025% / 1h | 57m 14s | $969K | $4.9M | 50x |
Popdex AVAXUSDT
Coinbase International AVAX-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Popdex. 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
- $21.84
- Price spread: +0.056% → +0.052%
- $0.38
- Slippage, 4 orders
- −$23.39
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$17.57
- Costs to cover
- 0.398%
- Break-even
- 12.6 days
Slippage from Popdex: live order book, 42 min ago; Coinbase International: 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 Popdex live order book, 42 min ago | 1.87 bp | 6.6 bp −$7 | 18.1 bp −$181 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 4.64 bp | 11.4 bp −$11 | 18.1 bp −$181 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex AVAXUSDT | −0.0960% | 8h | 10.769 | +0.065% | $28.7M | $5.7M | 50x | as long as short |
| Nado AVAX-PERP | −0.0450% | 1h | 10.758 | −0.033% | $291K | $326K | 10x | as long as short |
| Kraken Futures PF_AVAXUSD | −0.0266% | 1h | 10.767 | +0.049% | $3.8M | $11.6M | 50x | as long as short |
| Variational Omni AVAX | −0.0078% | 8h | 10.706 | −0.520% | $2.9M | $2.1M | — | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 10.761 | −0.005% | $92K | $111K | 10x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | 0.0000% | 1h | 10.767 | +0.046% | $4.8M | $6.7M | 25x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 10.766 | +0.037% | $12K | — | 150x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0032% | 8h | 10.719 | −0.400% | $345K | $1.2M | 10x | as long as short |
| Injective AVAX/USDC PERP | +0.0033% | 1h | 10.760 | −0.019% | $17K | $151K | 12x | as long as short |
| Paradex AVAX-USD-PERP | +0.0093% | 8h | 10.761 | −0.006% | $12K | $212 | 20x | as long as short |
Phemex AVAXUSDT
Nado AVAX-PERP
Kraken Futures PF_AVAXUSD
Variational Omni AVAX
dYdX AVAX-USD
Deribit AVAX_USDC-PERPETUAL
gTrade (Gains Network) AVAX/USD
GRVT AVAX_USDT_Perp
Injective AVAX/USDC PERP
Paradex AVAX-USD-PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter AVAX | +0.0096% | 1h | 10.766 | +0.037% | $1.2M | $2.0M | 10x | as long as short |
| Popdex AVAXUSDTlong | +0.0096% | 1h | 10.762 | long leg | $25K | $465K | 50x | |
| Hyperliquid AVAX | +0.0100% | 1h | 10.773 | +0.102% | $36.9M | $40.7M | 10x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 10.764 | +0.017% | $2.2M | $881K | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 10.763 | +0.009% | $271K | $128K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 10.764 | +0.019% | $113.9M | $401.4M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 10.764 | +0.019% | $82.4M | $139.3M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 10.764 | +0.019% | $18.9M | $107.4M | 50x | as long as short |
| Gate AVAX_USDT | +0.0100% | 8h | 10.762 | 0.000% | $13.4M | $28.4M | 75x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 10.763 | +0.009% | $53.3M | $78.6M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 10.762 | 0.000% | $13.9M | $21.5M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 10.764 | +0.019% | $32.8M | $45.8M | 75x | as long as short |
| BingX AVAX-USDT | +0.0100% | 8h | 10.763 | +0.009% | — | $53.3M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 10.758 | −0.037% | $438K | $547K | 15x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 10.722 | −0.372% | $173K | $662K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 10.767 | +0.046% | $135K | $287K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 10.773 | +0.102% | $233K | $254K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 10.795 | +0.310% | $12K | $769K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 10.766 | +0.037% | $18K | $68K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 10.790 | +0.260% | $329K | $874K | 75x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 10.761 | −0.007% | $601K | $1.4M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 10.766 | +0.037% | $247K | — | 3x | as long as short |
| Coinbase International AVAX-PERP-INTXshort | +0.0200% | 1h | 10.768 | +0.056% | $969K | $4.9M | 50x | |
| BloFin AVAX-USDT | +0.0220% | 8h | 10.762 | 0.000% | $4.7M | $5.4M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0245% | 1h | 10.759 | −0.028% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0443% / S −0.0294% | 1h | 10.765 | +0.030% | $227K | — | 120x | as long as short |
Lighter AVAX
Hyperliquid AVAX
Aster AVAXUSDT
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
Gate AVAX_USDT
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDT
Backpack AVAX_USDC_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
BloFin AVAX-USDT
Reya AVAXRUSDPERP
GMX AVAX/USD [AVAX-USDC]