AVAX

Alert

Funding spread now, next payment 13:00 UTC+0.1122%/8h

next payment, per $10,000+$1.40paid, last 24h+0.258%paid, last 7 days+0.544%to open and close $10k−$22

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.544% in total (about 28.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.40 per $10,000. 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	Deribit AVAX_USDC-PERPETUAL	11.377	−0.0540	get 0.0068% / 1h	32m 44s	$5.6M	$14.6M	25x
Short	Hyperliquid AVAX	11.394	0.0582	get 0.0073% / 1h	32m 44s	$44.4M	$86.9M	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee HyperliquidbpOrdersRate

Funding earned: $235.71
Slippage, 4 orders: −$5.83
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $213.89
Break-even: 0.6 days

Slippage from Deribit: live order book, 3 min ago; Hyperliquid: live order book, 13 min ago.

Price risk

price view

Price gap now: +0.149%
Avg gap 7d: +0.065%

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 Deribit live order book, 3 min ago	0.88 bp	4.4 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 13 min ago	0.44 bp	5.8 bp −$6	7.7 bp −$77	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	−0.1396%	1h	$17K	$76K	12x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0540%	1h	$5.6M	$14.6M	25x
Variational Omni AVAX	−0.0199%	8h	$3.1M	$3.9M	—	as long as short
Gate AVAX_USDT	−0.0112%	8h	$12.5M	$62.5M	75x	as long as short
SoDEX AVAX-USD	−0.0083%	1h	$21K	$128K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	$65K	$202K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	$13K	—	150x	as long as short
OKX AVAX-USDT-SWAP	+0.0006%	8h	$22.2M	$241.7M	50x	as long as short
KuCoin AVAXUSDTM	+0.0027%	8h	$14.8M	$33.1M	75x	as long as short
Kraken Futures PF_AVAXUSD	+0.0028%	1h	$4.3M	$22.4M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack AVAX_USDC_PERP	+0.0038%	1h	$323K	$693K	15x	as long as short
MEXC AVAX_USDT	+0.0047%	8h	$62.5M	$187.8M	200x	as long as short
Binance AVAXUSDT	+0.0048%	8h	$126.3M	$763.1M	75x	as long as short
Nado AVAX-PERP	+0.0056%	1h	$327K	$2.3M	10x	as long as short
Bybit AVAXUSDT	+0.0059%	8h	$90.6M	$195.7M	75x	as long as short
Aster AVAXUSDT	+0.0064%	8h	$2.4M	$3.3M	75x	as long as short
Orderly PERP_AVAX_USDC	+0.0067%	8h	$174K	$508K	20x	as long as short
Bitget AVAXUSDT	+0.0069%	8h	$34.7M	$93.9M	75x	as long as short
BingX AVAX-USDC	+0.0070%	8h	—	$6.6M	—	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	$13K	$2K	20x	as long as short
Lighter AVAX	+0.0096%	1h	$1.3M	$4.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	$12K	$1.1M	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	$261K	—	3x	as long as short
Pacifica AVAX	+0.0100%	1h	$296K	$164K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	$143K	$770K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	$125K	$616K	10x	as long as short
SunX AVAX-USDT	+0.0100%	8h	$12K	$973K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	$364K	$2.3M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	$30.4M	$5.3M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	$782K	$2.0M	25x	as long as short
BloFin AVAX-USDT	+0.0168%	8h	$5.4M	$15.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0242%	1h	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0336%	1h	$972K	$14.2M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0381% / S −0.0215%	1h	$228K	—	120x	as long as short
Hyperliquid AVAXshort	+0.0582%	1h	$44.4M	$86.9M	10x