AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.015%

Price spread now: Lighter against Extended+0.003%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days−0.113%−$11 · spread now +0.003%, 7d avg +0.039%

Together, before fees−0.165%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.036% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AVAX-USD	10.988	0.0104	pay 0.0013% / 1h	45m 20s	$678K	$1.4M	25x
Short	Lighter AVAX	10.988	0.0096	get 0.0012% / 1h	45m 20s	$1.2M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$1.68
Price spread: +0.003% → +0.039%: −$3.59
Slippage, 4 orders: −$12.66
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$22.93
Costs to cover: 0.177%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Lighter: live order book, 7 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	1.82 bp	5.2 bp −$5	7.4 bp −$74	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	2.50 bp	3.8 bp −$4	12.0 bp −$120	88.0 bp −$8,801	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	−0.1421%	1h	10.960	−0.254%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.992	+0.037%	$5.1M	$7.8M	25x	as long as short
Nado AVAX-PERP	−0.0006%	1h	10.986	−0.013%	$285K	$319K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.990	+0.019%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.989	+0.010%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.992	+0.036%	$4.2M	$11.3M	50x	as long as short
Lighter AVAXshort	+0.0096%	1h	10.988	+0.003%	$1.2M	$2.7M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.989	+0.010%	$15K	$456K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.989	+0.006%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.991	+0.028%	$2.2M	$1.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	10.994	+0.058%	$277K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.988	+0.001%	$116.1M	$427.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.982	−0.054%	$83.9M	$140.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.992	+0.037%	$20.2M	$113.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.988	+0.001%	$12.1M	$32.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.988	+0.001%	$45.9M	$78.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.992	+0.037%	$15.5M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.989	+0.010%	$33.1M	$47.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.988	+0.001%	—	$75.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.997	+0.083%	$370K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.991	+0.024%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.998	+0.092%	$351K	$900K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.004	+0.146%	$177K	$668K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.990	+0.019%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.994	+0.055%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.020	+0.290%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.990	+0.019%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.999	+0.105%	$366K	$791K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.999	+0.101%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	10.988	long leg	$678K	$1.4M	25x
Aevo AVAX-PERP	+0.0104%	1h	10.988	−0.003%	$252K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.994	+0.055%	$5.0M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.000	+0.110%	$893K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.987	−0.006%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0408%	1h	11.006	+0.165%	$42.7M	$41.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.991	+0.026%	$233K	—	120x	as long as short