AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.147%

Price spread now: ApeX Omni against Deribit−0.108%74s7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs+$22as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.422% of the position

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.642%+$64 on $10k

Price spread, last 3 days (all we have)+0.166%+$17 · spread now −0.108%, 7d avg +0.052%

Together, before fees+0.808%+$81 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.160% cheaper against Deribit than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of +0.052%). If the spread goes back, that is −$16 on $10k: about 4.4 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.642% in total) that is about 42 hours. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.114	−0.0020	get 0.0002% / 1h	18m 18s	$5.2M	$8.2M	25x
Short	ApeX Omni AVAXUSDT	11.102	0.0100	get 0.0013% / 1h	18m 18s	$178K	$678K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now −0.108%Rate

Funding earned: $25.17
Price spread: −0.108% → +0.052%: −$15.97
Slippage, 4 orders: −$25.22
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$33.01
Costs to cover: 0.422%
Break-even: 16.2 days

Slippage from Deribit: live order book, 1 min ago; ApeX Omni: live order book, 50 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 Deribit live order book, 1 min ago	1.80 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 50 min ago	4.46 bp	13.7 bp −$14	101.2 bp −$1,012	doesn't fit	doesn't fit

AVAX on 35 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	11.040	−0.666%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0045%	1h	11.107	−0.067%	$286K	$500K	10x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0020%	1h	11.114	long leg	$5.2M	$8.2M	25x
dYdX AVAX-USD	0.0000%	1h	11.119	+0.041%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.117	+0.028%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0059%	8h	11.110	−0.036%	$12.1M	$36.7M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.115	+0.006%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.108	−0.054%	$15K	$581K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.114	−0.002%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.111	−0.031%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.119	+0.044%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.117	+0.023%	$118.6M	$455.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.114	0.000%	$88.5M	$143.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.114	0.000%	$20.0M	$122.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.113	−0.009%	$48.7M	$82.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.113	−0.009%	$15.5M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.111	−0.027%	$33.4M	$50.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.115	+0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.110	−0.036%	$355K	$532K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.095	−0.167%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.112	−0.018%	$355K	$810K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.102	−0.108%	$178K	$678K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.110	−0.036%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.119	+0.045%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.128	+0.122%	$12K	$713K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.116	+0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.077	−0.337%	$360K	$870K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.105	−0.081%	$29.6M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.106	−0.076%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.108	−0.050%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.107	−0.063%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.106	−0.068%	$4.3M	$11.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.105	−0.081%	$902K	$5.8M	50x	as long as short
Hyperliquid AVAX	+0.0394%	1h	11.126	+0.108%	$43.2M	$45.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.116	+0.020%	$236K	—	120x	as long as short