AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.005%

Price spread now: Lighter against ApeX Omni−0.093%48s7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.324% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.187%−$19 on $10k

Price spread, last 3 days (all we have)−0.165%−$17 · spread now −0.093%, 7d avg −0.072%

Together, before fees−0.352%+ Points / potential airdropLighter: Season 3 · farm board−$35 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 0.022% cheaper against ApeX Omni than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.072%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	11.250	0.0100	pay 0.0013% / 1h	40m 25s	$181K	$684K	50x
Short	Lighter AVAX	11.239	0.0096	get 0.0012% / 1h	40m 25s	$1.2M	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against ApeX Omni. 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 ApeX OmnibpFee LighterbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$0.84
Price spread: −0.093% → −0.072%: −$2.17
Slippage, 4 orders: −$22.43
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$35.43
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 38 min ago; Lighter: 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 ApeX Omni live order book, 38 min ago	5.77 bp	13.2 bp −$13	107.5 bp −$1,075	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	2.27 bp	3.0 bp −$3	12.3 bp −$123	73.8 bp −$7,384	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	−0.1451%	1h	11.200	−0.444%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0195%	1h	11.235	−0.133%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0087%	1h	11.231	−0.169%	$296K	$884K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.240	−0.088%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.242	−0.071%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0062%	8h	11.258	+0.072%	$3.0M	$2.4M	—	as long as short
Lighter AVAXshort	+0.0096%	1h	11.239	−0.093%	$1.2M	$3.3M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.230	−0.178%	$18K	$676K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.231	−0.168%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.240	−0.089%	$2.3M	$1.8M	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	11.240	−0.091%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.229	−0.186%	$120.1M	$516.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.227	−0.204%	$89.3M	$155.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.228	−0.196%	$20.2M	$144.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.237	−0.116%	$12.2M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.228	−0.196%	$52.1M	$93.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.235	−0.133%	$15.8M	$24.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.227	−0.204%	$34.2M	$58.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.232	−0.160%	—	$87.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.241	−0.080%	$359K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.244	−0.054%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	11.250	long leg	$181K	$684K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.230	−0.178%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.249	−0.009%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.272	+0.195%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.238	−0.107%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.237	−0.115%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.240	−0.089%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.230	−0.182%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.236	−0.121%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.236	−0.124%	$5.0M	$7.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.226	−0.216%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.245	−0.048%	$4.6M	$13.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.254	+0.036%	$917K	$8.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0420% / S −0.0273%	1h	11.241	−0.076%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0829%	1h	11.247	−0.030%	$43.6M	$55.3M	10x	as long as short