AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0181%/8h= −19.8% APRnext payment −$0.23 per $10,000 · paid last 24h −0.006%

Price spread now: SoDEX against Backpack−0.056%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and SoDEX is 0.056% cheaper against Backpack than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVAX_USDC_PERP	10.756	0.0100	pay 0.0013% / 1h	28m 20s	$437K	$533K	15x
Short	SoDEX AVAX-USD	10.750	−0.0081	pay 0.0010% / 1h	28m 20s	$18K	$68K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$38.05
Price spread: −0.056% → 0.000%: −$5.58
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$61.62
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 5 min ago; SoDEX: no order-book sample. 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 Backpack live order book, 5 min ago	1.86 bp	10.0 bp −$10	42.1 bp −$421	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0266%	1h	10.755	−0.010%	$3.7M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0205%	1h	10.738	−0.167%	$280K	$321K	10x	as long as short
Variational Omni AVAX	−0.0084%	8h	10.737	−0.179%	$3.0M	$2.1M	—	as long as short
SoDEX AVAX-USDshort	−0.0081%	1h	10.750	−0.056%	$18K	$68K	10x
Gate AVAX_USDT	−0.0065%	8h	10.739	−0.158%	$13.7M	$28.9M	75x	as long as short
Phemex AVAXUSDT	−0.0055%	8h	10.751	−0.046%	$28.7M	$5.6M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.755	−0.010%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.755	−0.009%	$4.8M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.744	−0.108%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.037%	$17K	$151K	12x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AVAX_USDT_Perp	+0.0039%	8h	10.742	−0.127%	$336K	$1.2M	10x	as long as short
Paradex AVAX-USD-PERP	+0.0084%	8h	10.745	−0.103%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.749	−0.061%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.739	−0.158%	$22K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.752	−0.041%	$35.8M	$40.3M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.747	−0.081%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.753	−0.028%	$270K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.741	−0.139%	$113.2M	$392.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.740	−0.149%	$83.9M	$136.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.745	−0.102%	$19.0M	$105.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.737	−0.177%	$53.1M	$79.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.740	−0.149%	$13.9M	$21.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.737	−0.177%	$32.7M	$45.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.741	−0.139%	—	$52.9M	—	as long as short
Backpack AVAX_USDC_PERPlong	+0.0100%	1h	10.756	long leg	$437K	$533K	15x
ApeX Omni AVAXUSDT	+0.0100%	1h	10.743	−0.121%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.744	−0.112%	$135K	$283K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.755	−0.009%	$233K	$239K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.787	+0.292%	$11K	$770K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.749	−0.060%	$333K	$850K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.738	−0.165%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.755	−0.007%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.763	+0.065%	$853K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.752	−0.037%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.736	−0.187%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.757	+0.008%	$227K	—	120x	as long as short