Funding you earn now, next payment 23:00 UTC−0.0515%/8h= −56.4% APRpaid last 24h −0.087%
Price spread now: Injective against Variational Omni−0.560%91s7-day average −0.139% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.161%−$16 on $10k
+Price spread, last 3 days (all we have)+1.394%+$139 · spread now −0.560%, 7d avg −0.139%
=Together, before fees+1.233%+ Points / potential airdropVariational Omni: Active · farm board+$123 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Injective is 0.421% cheaper against Variational Omni than usual: you would sell low and buy high (−$42 if the spread goes back to its 7-day average of −0.139%). Swap the legs. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.161% in total (about -18.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni AVAX | 11.344 | −0.0055 | get 0.0055% / 8h | 1h 53m | $3.0M | $2.2M | — |
| Short | Injective AVAX/USDC PERP | 11.280 | −0.0570 | pay 0.0071% / 1h | 53m 53s | $17K | $151K | 12x |
Variational Omni AVAX
Injective AVAX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Variational Omni. 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
- −$108.14
- Price spread: −0.560% → −0.139%
- −$42.11
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$150.27
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, just now; Injective: live order book, 30 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 Variational Omni RFQ quote, just now | 3.18 bp | doesn't fit | 14.6 bp −$146 | doesn't fit | doesn't fit |
| Sell Injective live order book, 30 min ago | 35.37 bp | 35.4 bp −$35 | doesn't fit | 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 PERPshort | −0.0570% | 1h | 11.280 | −0.560% | $17K | $151K | 12x | |
| Deribit AVAX_USDC-PERPETUAL | −0.0281% | 1h | 11.287 | −0.498% | $5.4M | $9.2M | 25x | as long as short |
| Variational Omni AVAXlong | −0.0055% | 8h | 11.344 | long leg | $3.0M | $2.2M | — | |
| Nado AVAX-PERP | −0.0006% | 1h | 11.306 | −0.326% | $298K | $949K | 10x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 11.326 | −0.155% | $99K | $107K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0004% | 1h | 11.298 | −0.401% | $16K | — | 150x | as long as short |
| Gate AVAX_USDT | +0.0091% | 8h | 11.286 | −0.507% | $12.7M | $39.3M | 75x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 11.286 | −0.509% | $1.3M | $3.2M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 11.307 | −0.322% | $13K | $696K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0098% | 8h | 11.312 | −0.278% | $13K | $766 | 20x | as long as short |
Deribit AVAX_USDC-PERPETUAL
Nado AVAX-PERP
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Gate AVAX_USDT
Lighter AVAX
Popdex AVAXUSDT
Paradex AVAX-USD-PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster AVAXUSDT | +0.0100% | 8h | 11.282 | −0.546% | $2.3M | $1.9M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 11.321 | −0.202% | $301K | $121K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 11.278 | −0.578% | $121.0M | $530.1M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 11.280 | −0.560% | $90.6M | $155.7M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 11.278 | −0.578% | $20.3M | $147.4M | 50x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 11.284 | −0.525% | $54.4M | $99.2M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 11.278 | −0.578% | $16.2M | $24.4M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 11.280 | −0.560% | $34.7M | $60.3M | 75x | as long as short |
| BingX AVAX-USDC | +0.0100% | 8h | 11.281 | −0.551% | — | $6.6M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 11.281 | −0.551% | $340K | $563K | 15x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 11.319 | −0.217% | $358K | $895K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 11.323 | −0.181% | $186K | $684K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 11.310 | −0.296% | $134K | $466K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 11.303 | −0.357% | $203K | $301K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.341 | −0.021% | $12K | $722K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 11.290 | −0.472% | $19K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 11.290 | −0.472% | $364K | $1.1M | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 11.287 | −0.498% | $30.4M | $5.0M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 11.282 | −0.541% | $673K | $2.2M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 11.290 | −0.474% | $259K | — | 3x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0192% | 1h | 11.327 | −0.146% | $932K | $8.4M | 50x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 11.326 | −0.155% | $5.0M | $8.4M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 11.301 | −0.373% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0406% / S −0.0245% | 1h | 11.297 | −0.409% | $244K | — | 120x | as long as short |
| Hyperliquid AVAX | +0.0448% | 1h | 11.289 | −0.481% | $43.9M | $57.5M | 10x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0626% | 1h | 11.295 | −0.428% | $4.6M | $13.5M | 50x | as long as short |
Aster AVAXUSDT
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
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
Phemex AVAXUSDT
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