AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.22 per $10,000 · paid last 24h −0.016%

Price spread now: Pacifica against Coinbase International−0.226%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 3 days (all we have)+0.292%+$29 · spread now −0.226%, 7d avg −0.056%

Together, before fees+0.160%+ Points / potential airdropPacifica: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Pacifica is 0.170% cheaper against Coinbase International than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.056%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	11.254	0.0280	pay 0.0035% / 1h	25m 22s	$915K	$7.8M	50x
Short	Pacifica AVAX	11.229	0.0100	get 0.0013% / 1h	25m 22s	$298K	$118K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Coinbase International. 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 Coinbase InternationalbpFee PacificabpOrdersPrice spread, now −0.226%Rate

Funding earned: −$37.8
Price spread: −0.226% → −0.056%: −$17
Slippage, 4 orders: −$30.59
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$103.38
Costs to cover: 0.486%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Pacifica: live order book, 53 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 Coinbase International live order book, 4 min ago	3.11 bp	13.8 bp −$14	19.6 bp −$196	doesn't fit	doesn't fit
Sell Pacifica live order book, 53 min ago	6.22 bp	12.1 bp −$12	22.1 bp −$221	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	−0.1451%	1h	11.210	−0.391%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0195%	1h	11.225	−0.258%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0097%	1h	11.224	−0.262%	$296K	$878K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.228	−0.230%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.225	−0.258%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0084%	8h	11.245	−0.078%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.226	−0.253%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.219	−0.311%	$18K	$671K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.223	−0.272%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.226	−0.247%	$2.3M	$1.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAXshort	+0.0100%	1h	11.229	−0.226%	$298K	$118K	10x
Binance AVAXUSDT	+0.0100%	8h	11.220	−0.301%	$120.1M	$512.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.221	−0.293%	$89.4M	$155.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.224	−0.267%	$20.3M	$143.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.222	−0.284%	$12.5M	$40.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.222	−0.284%	$51.3M	$93.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.225	−0.258%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.222	−0.284%	$34.2M	$58.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.221	−0.293%	—	$86.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.226	−0.249%	$359K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.250	−0.036%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.243	−0.098%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.224	−0.267%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.232	−0.195%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.258	+0.034%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.226	−0.249%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.239	−0.138%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.230	−0.213%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.219	−0.311%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.220	−0.303%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.255	+0.009%	$5.0M	$7.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.220	−0.300%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.230	−0.213%	$4.6M	$13.1M	50x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0280%	1h	11.254	long leg	$915K	$7.8M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0426% / S −0.0282%	1h	11.224	−0.264%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0808%	1h	11.239	−0.133%	$43.6M	$55.1M	10x	as long as short