AVAX

Alert

Funding spread now, next payment 15:00 UTC−0.0203%/8h

paid, last 24h−0.067%paid, last 3 days−0.046%to open and closeno order book

Long on Backpack Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.046% in total (about -5.7% a year). A funding rate is set anew for every payment. 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	Backpack AVAX_USDC_PERP	11.210	0.0065	pay 0.0008% / 1h	4m 31s	$323K	$662K	15x
Short	Variational Omni AVAX	11.208	−0.0139	pay 0.0139% / 8h	1h 04m	$3.0M	$3.4M	—

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee Variational OmnibpOrdersRate

Funding earned: −$42.68
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$52.68
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 51 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.014%
Avg gap 7d: −0.037%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 51 min ago	0.89 bp	9.8 bp −$10	38.4 bp −$384	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.17 bp	doesn't fit	7.9 bp −$79	doesn't fit	doesn't fit

AVAX on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	−0.1461%	1h	$17K	$48K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0285%	1h	$5.3M	$13.0M	25x	as long as short
Variational Omni AVAXshort	−0.0139%	8h	$3.0M	$3.4M	—
Kraken Futures PF_AVAXUSD	−0.0085%	1h	$4.4M	$21.1M	50x	as long as short
Gate AVAX_USDT	−0.0064%	8h	$12.5M	$55.8M	75x	as long as short
SoDEX AVAX-USD	−0.0049%	1h	$19K	$116K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	$64K	$179K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	$27K	—	150x	as long as short
OKX AVAX-USDT-SWAP	+0.0042%	8h	$21.1M	$201.1M	50x	as long as short
Bybit AVAXUSDT	+0.0044%	8h	$90.2M	$181.1M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC AVAX_USDT	+0.0052%	8h	$49.1M	$173.4M	200x	as long as short
Binance AVAXUSDT	+0.0052%	8h	$123.8M	$697.0M	75x	as long as short
Phemex AVAXUSDT	+0.0058%	8h	$30.0M	$5.0M	50x	as long as short
Nado AVAX-PERP	+0.0060%	1h	$326K	$1.8M	10x	as long as short
BingX AVAX-USDC	+0.0062%	8h	—	$6.6M	—	as long as short
Aster AVAXUSDT	+0.0063%	8h	$2.3M	$3.0M	75x	as long as short
Bitget AVAXUSDT	+0.0063%	8h	$34.5M	$83.6M	75x	as long as short
Backpack AVAX_USDC_PERPlong	+0.0065%	1h	$323K	$662K	15x
Paradex AVAX-USD-PERP	+0.0094%	8h	$13K	$2K	20x	as long as short
Lighter AVAX	+0.0096%	1h	$1.3M	$3.8M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	$11K	$959K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	$258K	—	3x	as long as short
Pacifica AVAX	+0.0100%	1h	$303K	$169K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	$15.4M	$30.5M	75x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	$141K	$746K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	$121K	$540K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	$191K	$410K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	$12K	$808K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	$359K	$1.5M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	$703K	$2.4M	25x	as long as short
Hyperliquid AVAX	+0.0163%	1h	$43.5M	$80.8M	10x	as long as short
BloFin AVAX-USDT	+0.0172%	8h	$5.3M	$12.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0256%	1h	$849K	$12.2M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0386% / S −0.0220%	1h	$227K	—	120x	as long as short