AVAX

Alert

Funding spread now, next payment 19:00 UTC−0.0243%/8h

next payment, per $10,000−$0.30paid, last 24h+0.047%paid, last 7 days−0.033%to open and close $10k−$28

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 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	Extended AVAX-USD	10.923	0.0104	pay 0.0013% / 1h	39m 35s	$611K	$2.2M	25x
Short	Backpack AVAX_USDC_PERP	10.933	−0.0139	pay 0.0017% / 1h	39m 35s	$304K	$546K	15x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee BackpackbpOrdersRate

Funding earned: −$51.12
Slippage, 4 orders: −$12.9
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$79.02
Break-even: never at this rate

Slippage from Extended: live order book, 6 min ago; Backpack: live order book, 61 min ago.

Price risk

price view

Price gap now: +0.091%
Avg gap 7d: +0.087%

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 Extended live order book, 6 min ago	2.28 bp	6.4 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit
Sell Backpack live order book, 61 min ago	2.73 bp	7.7 bp −$8	28.3 bp −$283	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
Deribit AVAX_USDC-PERPETUAL	−0.0481%	1h	$5.2M	$10.3M	25x	as long as short
Variational Omni AVAX	−0.0310%	8h	$2.9M	$2.2M	—	as long as short
Nado AVAX-PERP	−0.0250%	1h	$321K	$1.0M	10x	as long as short
Bybit AVAXUSDT	−0.0244%	8h	$86.1M	$153.1M	75x	as long as short
Backpack AVAX_USDC_PERPshort	−0.0139%	1h	$304K	$546K	15x
Gate AVAX_USDT	−0.0134%	8h	$12.0M	$41.5M	75x	as long as short
OKX AVAX-USDT-SWAP	−0.0060%	8h	$19.4M	$147.8M	50x	as long as short
Aster AVAXUSDT	−0.0019%	8h	$2.2M	$2.1M	75x	as long as short
SoDEX AVAX-USD	−0.0009%	1h	$18K	$76K	10x	as long as short
Phemex AVAXUSDT	−0.0009%	8h	$29.3M	$4.9M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_AVAXUSD	−0.0004%	1h	$4.5M	$14.3M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	$71K	$133K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	$12K	—	150x	as long as short
Binance AVAXUSDT	+0.0016%	8h	$117.4M	$560.2M	75x	as long as short
MEXC AVAX_USDT	+0.0016%	8h	$52.8M	$125.0M	200x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	$17K	$35K	12x	as long as short
Bitget AVAXUSDT	+0.0037%	8h	$33.4M	$64.3M	75x	as long as short
BingX AVAX-USDT	+0.0040%	8h	—	$98.6M	—	as long as short
Coinbase International AVAX-PERP-INTX	+0.0040%	1h	$806K	$8.5M	50x	as long as short
Paradex AVAX-USD-PERP	+0.0066%	8h	$12K	$766	20x	as long as short
BloFin AVAX-USDT	+0.0072%	8h	$5.0M	$9.3M	100x	as long as short
Aevo AVAX-PERP	+0.0088%	1h	$251K	—	3x	as long as short
Lighter AVAX	+0.0096%	1h	$1.2M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	$11K	$755K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	$40.4M	$61.3M	10x	as long as short
Pacifica AVAX	+0.0100%	1h	$295K	$137K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	$14.8M	$25.0M	75x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	$176K	$711K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	$108K	$460K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	$202K	$411K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	$12K	$686K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	$347K	$1.3M	75x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	$611K	$2.2M	25x
Reya AVAXRUSDPERP	+0.0243%	1h	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0411% / S −0.0244%	1h	$235K	—	120x	as long as short