AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.018%

Price spread now: Phemex against BloFin+0.075%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.199%−$20 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.075%, 7d avg +0.016%

Together, before fees−0.272%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.058% dearer against BloFin than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of +0.016%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AVAX-USDT	10.703	0.0220	pay 0.0220% / 8h	10m 48s	$4.6M	$5.5M	100x
Short	Phemex AVAXUSDT	10.711	0.0100	get 0.0100% / 8h	10m 48s	$28.6M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. 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 BloFinbpFee PhemexbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$25.2
Price spread: +0.075% → +0.016%: $5.85
Slippage, 4 orders: −$16.18
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$59.53
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Phemex: live order book, 3 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 BloFin live order book, 3 min ago	0.47 bp	7.0 bp −$7	13.3 bp −$133	37.1 bp −$3,713	doesn't fit
Sell Phemex live order book, 3 min ago	0.47 bp	13.4 bp −$13	22.4 bp −$224	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
Nado AVAX-PERP	−0.0193%	1h	10.707	+0.033%	$289K	$328K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.709	+0.060%	$3.8M	$11.6M	50x	as long as short
Variational Omni AVAX	−0.0076%	8h	10.702	−0.008%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.712	+0.080%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.712	+0.084%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.706	+0.025%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0010%	8h	10.707	+0.037%	$13.2M	$30.9M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.533%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.707	+0.037%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.709	+0.060%	$1.2M	$2.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.709	+0.056%	$25K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.715	+0.112%	$36.7M	$41.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.709	+0.057%	$2.2M	$896K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.714	+0.103%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.712	+0.084%	$113.4M	$405.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.710	+0.065%	$81.8M	$139.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.713	+0.093%	$18.8M	$107.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.712	+0.084%	$52.7M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.706	+0.028%	$13.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.716	+0.121%	$32.6M	$46.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.707	+0.037%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.713	+0.093%	$437K	$546K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.715	+0.112%	$337K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.720	+0.159%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.710	+0.065%	$134K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.712	+0.084%	$232K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.736	+0.310%	$11K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.707	+0.037%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.709	+0.056%	$326K	$859K	75x	as long as short
Phemex AVAXUSDTshort	+0.0100%	8h	10.711	+0.075%	$28.6M	$5.7M	50x
Extended AVAX-USD	+0.0104%	1h	10.704	+0.009%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.701	−0.019%	$246K	—	3x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	10.703	long leg	$4.6M	$5.5M	100x
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.711	+0.075%	$851K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.707	+0.034%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.713	+0.090%	$226K	—	120x	as long as short