AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1467%/8h= −160.6% APRnext payment −$1.83 per $10,000 · paid last 24h −0.168%

Price spread now: Injective against Aevo−0.548%7-day average −0.222% · you buy dearer than you sell

Net, funding: paid 7d − costs−$934as in the Funding arb table

Net, price: spread back to 7d avg − costs−$927as in the Price arb table

costs, in and out, $10k−$8958.948% of the position

Long on Aevo Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.393%−$39 on $10k

Price spread, last 3 days (all we have)+1.642%+$164 · spread now −0.548%, 7d avg −0.222%

Together, before fees+1.249%+$125 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and Injective is 0.325% cheaper against Aevo than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.222%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.393% in total (about -20.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.83 per $10,000. 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	Aevo AVAX-PERP	11.141	0.0104	pay 0.0013% / 1h	28m 35s	$256K	—	3x
Short	Injective AVAX/USDC PERP	11.080	−0.1363	pay 0.0170% / 1h	28m 35s	$17K	$151K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aevo. 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 AevobpFee InjectivebpOrdersPrice spread, now −0.548%Rate

Funding earned: −$308.04
Price spread: −0.548% → −0.222%: −$32.54
Slippage, 4 orders: −$878.78
Fee Aevo: 8 bp × 2 orders: −$16
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,235.38
Costs to cover: 8.948%
Break-even: never at this rate

Slippage from Aevo: live order book, 45 min ago; Injective: live order book, 45 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 Aevo live order book, 45 min ago	190.29 bp	409.7 bp −$410	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 45 min ago	35.68 bp	35.7 bp −$36	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	−0.1363%	1h	11.080	−0.548%	$17K	$151K	12x
Nado AVAX-PERP	−0.0048%	1h	11.159	+0.166%	$293K	$830K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.163	+0.198%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.139	−0.018%	$5.2M	$8.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.137	−0.039%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.158	+0.156%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.157	+0.144%	$17K	$625K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.163	+0.193%	$13K	$512	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.158	+0.150%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.162	+0.192%	$296K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.158	+0.154%	$118.9M	$485.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.151	+0.090%	$88.8M	$149.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.151	+0.090%	$19.9M	$133.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.158	+0.153%	$12.2M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.162	+0.188%	$48.9M	$88.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.167	+0.233%	$15.3M	$23.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.152	+0.099%	$33.8M	$54.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.164	+0.206%	—	$84.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.139	−0.018%	$356K	$551K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.145	+0.034%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.149	+0.070%	$359K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.128	−0.117%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.155	+0.126%	$131K	$374K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.148	+0.063%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.166	+0.225%	$12K	$725K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.140	−0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.142	+0.004%	$361K	$951K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.141	0.000%	$30.0M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.162	+0.185%	$667K	$2.1M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	11.141	long leg	$256K	—	3x
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.142	+0.011%	$4.3M	$12.6M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.144	+0.027%	$5.0M	$6.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.152	+0.097%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.132	−0.081%	$904K	$6.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.137	−0.037%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0689%	1h	11.175	+0.305%	$43.6M	$51.0M	10x	as long as short