AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0071%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h −0.290%

Price spread now: Injective against Extended+0.185%7-day average −0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$1061.062% of the position

Long on Extended Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.394%−$39 on $10k

Price spread, last 4 days (all we have)+0.799%+$80 · spread now +0.185%, 7d avg −0.146%

Together, before fees+0.405%+ Points / potential airdropExtended: Active · farm board+$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.331% dearer against Extended than usual: you sell high and buy low (spread +0.185% now, against its 7-day average of −0.146%): +$33 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (−0.394% in total) that is about 5.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AVAX-USD	10.740	0.0104	pay 0.0013% / 1h	50m 29s	$609K	$1.5M	25x
Short	Injective AVAX/USDC PERP	10.760	0.0033	get 0.0004% / 1h	50m 29s	$17K	$152K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Extended. 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 ExtendedbpFee InjectivebpOrdersPrice spread, now +0.185%Rate

Funding earned: −$14.84
Price spread: +0.185% → −0.146%: $33.06
Slippage, 4 orders: −$101.19
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$88
Costs to cover: 1.062%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Injective: live order book, 58 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 Extended live order book, 3 min ago	1.40 bp	7.1 bp −$7	9.7 bp −$97	doesn't fit	doesn't fit
Sell Injective live order book, 58 min ago	42.47 bp	42.5 bp −$42	doesn't fit	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	−0.0192%	1h	10.709	−0.294%	$287K	$339K	10x	as long as short
Variational Omni AVAX	−0.0038%	8h	10.723	−0.162%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.741	+0.005%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.728	−0.113%	$4.8M	$7.3M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.736	−0.036%	$12K	—	150x	as long as short
Injective AVAX/USDC PERPshort	+0.0033%	1h	10.760	+0.185%	$17K	$152K	12x
Gate AVAX_USDT	+0.0036%	8h	10.746	+0.055%	$12.7M	$32.0M	75x	as long as short
Bybit AVAXUSDT	+0.0093%	8h	10.745	+0.045%	$82.1M	$147.3M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0095%	8h	10.747	+0.060%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.743	+0.023%	$1.2M	$2.5M	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	10.748	+0.073%	$23K	$428K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.751	+0.101%	$37.6M	$43.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.743	+0.031%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.746	+0.055%	$270K	$132K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.748	+0.073%	$114.3M	$428.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.745	+0.045%	$18.8M	$113.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.745	+0.045%	$45.2M	$80.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.749	+0.083%	$13.6M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.739	−0.010%	$32.6M	$48.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.735	−0.048%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.734	−0.057%	$429K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.717	−0.215%	$347K	$1.0M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.722	−0.169%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.748	+0.073%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.734	−0.057%	$231K	$351K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.755	+0.139%	$12K	$765K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.727	−0.122%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.713	−0.250%	$343K	$874K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.729	−0.104%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	10.740	long leg	$609K	$1.5M	25x
Aevo AVAX-PERP	+0.0104%	1h	10.726	−0.127%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.732	−0.075%	$4.2M	$11.4M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.714	−0.243%	$932K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.728	−0.113%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.735	−0.045%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.736	−0.037%	$227K	—	120x	as long as short