AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.007%

Price spread now: Extended against Backpack−0.060%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on Backpack Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.060%, 7d avg −0.078%

Together, before fees+0.018%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.078%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVAX_USDC_PERP	10.667	0.0011	pay 0.0001% / 1h	52m 33s	$371K	$531K	15x
Short	Extended AVAX-USD	10.661	0.0104	get 0.0013% / 1h	52m 33s	$644K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Backpack. 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 BackpackbpFee ExtendedbpOrdersPrice spread, now −0.060%Rate

Funding earned: $19.58
Price spread: −0.060% → −0.078%: $1.79
Slippage, 4 orders: −$19.76
Fee Backpack: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$13.4
Costs to cover: 0.348%
Break-even: 11.8 days

Slippage from Backpack: live order book, 61 min ago; Extended: live order book, 1 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 Backpack live order book, 61 min ago	0.46 bp	14.1 bp −$14	60.8 bp −$608	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	2.35 bp	5.7 bp −$6	7.9 bp −$79	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	−0.1423%	1h	10.760	+0.872%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0280%	1h	10.662	−0.044%	$4.1M	$11.1M	50x	as long as short
Polymarket Perps AVAX-USD	−0.0043%	1h	10.654	−0.122%	$131K	$343K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.662	−0.047%	$4.8M	$7.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.665	−0.019%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.658	−0.082%	$12K	—	150x	as long as short
Backpack AVAX_USDC_PERPlong	+0.0011%	1h	10.667	long leg	$371K	$531K	15x
Gate AVAX_USDT	+0.0017%	8h	10.661	−0.056%	$12.1M	$31.5M	75x	as long as short
Variational Omni AVAX	+0.0052%	8h	10.727	+0.559%	$2.8M	$2.2M	—	as long as short
Nado AVAX-PERP	+0.0093%	1h	10.643	−0.230%	$282K	$322K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0096%	8h	10.668	+0.010%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.665	−0.022%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.666	−0.009%	$9K	$442K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.669	+0.019%	$39.2M	$42.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.661	−0.059%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.670	+0.033%	$269K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.664	−0.024%	$111.8M	$423.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.641	−0.244%	$79.1M	$142.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.642	−0.234%	$19.1M	$109.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.671	+0.037%	$41.2M	$78.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.669	+0.019%	$12.9M	$22.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.663	−0.037%	$31.7M	$48.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.666	−0.009%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.726	+0.549%	$338K	$950K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.727	+0.562%	$173K	$665K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.664	−0.028%	$187K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.689	+0.208%	$11K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.659	−0.075%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.661	−0.061%	$353K	$789K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.666	−0.009%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	10.661	−0.060%	$644K	$1.4M	25x
Aevo AVAX-PERP	+0.0104%	1h	10.659	−0.077%	$245K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.661	−0.056%	$869K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.651	−0.150%	$4.8M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.649	−0.171%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.658	−0.081%	$233K	—	120x	as long as short