AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0115%/8h= −12.6% APRnext payment −$0.14 per $10,000 · paid last 24h −0.148%

Price spread now: Deribit against Popdex+0.009%7-day average −0.036% · 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−$18as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on Popdex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.518%−$52 on $10k

Price spread, last 4 days (all we have)−0.564%−$56 · spread now +0.009%, 7d avg −0.036%

Together, before fees−1.082%−$108 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.045% dearer against Popdex than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.036%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 4 days (−0.518% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	11.141	0.0096	pay 0.0012% / 1h	33m 51s	$15K	$564K	50x
Short	Deribit AVAX_USDC-PERPETUAL	11.142	−0.0019	pay 0.0002% / 1h	33m 51s	$5.2M	$7.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Popdex. 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 PopdexbpFee DeribitbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$24.19
Price spread: +0.009% → −0.036%: $4.53
Slippage, 4 orders: −$9.24
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$42.31
Costs to cover: 0.226%
Break-even: never at this rate

Slippage from Popdex: live order book, 30 min ago; Deribit: live order book, just now.

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, 30 min ago	0.45 bp	6.2 bp −$6	16.7 bp −$167	doesn't fit	doesn't fit
Sell Deribit live order book, just now	1.35 bp	6.7 bp −$7	60.4 bp −$604	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	−0.1374%	1h	11.100	−0.368%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0072%	1h	11.133	−0.076%	$286K	$448K	10x	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0019%	1h	11.142	+0.009%	$5.2M	$7.9M	25x
dYdX AVAX-USD	0.0000%	1h	11.130	−0.101%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.141	0.000%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.148	+0.066%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.145	+0.038%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDTlong	+0.0096%	1h	11.141	long leg	$15K	$564K	50x
Paradex AVAX-USD-PERP	+0.0100%	8h	11.134	−0.060%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.156	+0.132%	$2.3M	$1.2M	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	11.133	−0.075%	$290K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.154	+0.115%	$119.0M	$433.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.156	+0.135%	$88.6M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.157	+0.144%	$20.1M	$117.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.151	+0.090%	$12.2M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.152	+0.099%	$47.9M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.155	+0.126%	$15.7M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.152	+0.099%	$33.4M	$48.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.154	+0.117%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.150	+0.081%	$356K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.138	−0.024%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.123	−0.164%	$357K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.119	−0.197%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.143	+0.018%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.150	+0.081%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.171	+0.266%	$12K	$700K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.144	+0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.142	+0.004%	$365K	$871K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.147	+0.054%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.149	+0.070%	$671K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.136	−0.045%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.139	−0.018%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.154	+0.117%	$901K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.138	−0.031%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.141	−0.002%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0473%	1h	11.164	+0.206%	$43.4M	$43.0M	10x	as long as short