AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: Lighter against Aevo+0.276%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$902as in the Funding arb table

Net, price: spread back to 7d avg − costs−$859as in the Price arb table

costs, in and out, $10k−$8868.864% of the position

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 4 days (all we have)−0.227%−$23 · spread now +0.276%, 7d avg −0.003%

Together, before fees−0.387%+ Points / potential airdropLighter: Season 3 · farm board−$39 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.279% dearer against Aevo than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	10.627	0.0104	pay 0.0013% / 1h	36m 36s	$244K	—	3x
Short	Lighter AVAX	10.656	0.0096	get 0.0012% / 1h	36m 36s	$1.2M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.276%Rate

Funding earned: −$1.68
Price spread: +0.276% → −0.003%: $27.87
Slippage, 4 orders: −$870.43
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$860.24
Costs to cover: 8.864%
Break-even: never at this rate

Slippage from Aevo: live order book, 2 min ago; Lighter: live order book, 5 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, 2 min ago	217.59 bp	434.2 bp −$434	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	3.08 bp	3.2 bp −$3	12.8 bp −$128	87.1 bp −$8,708	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
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.659	+0.305%	$3.8M	$11.7M	50x	as long as short
Nado AVAX-PERP	−0.0135%	1h	10.649	+0.215%	$288K	$335K	10x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.700	+0.694%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.661	+0.324%	$4.8M	$6.9M	25x	as long as short
Gate AVAX_USDT	−0.0003%	8h	10.661	+0.324%	$13.0M	$30.7M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.658	+0.294%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.662	+0.335%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+1.255%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	10.650	+0.220%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.649	+0.211%	$81.2M	$141.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAXshort	+0.0096%	1h	10.656	+0.276%	$1.2M	$2.4M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.649	+0.211%	$25K	$469K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.672	+0.427%	$36.7M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.658	+0.293%	$2.2M	$904K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.659	+0.308%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.650	+0.220%	$112.8M	$412.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.653	+0.248%	$18.7M	$108.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.656	+0.277%	$45.4M	$79.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.661	+0.324%	$13.7M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.654	+0.258%	$32.3M	$47.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.651	+0.229%	—	$54.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.665	+0.361%	$435K	$554K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.674	+0.442%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.711	+0.794%	$173K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.662	+0.333%	$134K	$329K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.668	+0.389%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.695	+0.645%	$12K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.660	+0.314%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.659	+0.300%	$324K	$867K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.659	+0.305%	$28.4M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.646	+0.178%	$607K	$1.4M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	10.627	long leg	$244K	—	3x
BloFin AVAX-USDT	+0.0220%	8h	10.663	+0.342%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.671	+0.418%	$849K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.656	+0.281%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.662	+0.337%	$225K	—	120x	as long as short