AVAX

Alert

Funding spread now, next payment 15:00 UTC−0.0301%/8h

next payment, per $10,000−$0.38paid, last 24h−0.046%paid, last 7 days+0.053%to open and close $10k−$35

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.053% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.38 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	Hyperliquid AVAX	11.269	0.0401	pay 0.0050% / 1h	57m 24s	$43.3M	$85.5M	10x
Short	Pacifica AVAX	11.250	0.0100	get 0.0013% / 1h	57m 24s	$304K	$179K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee PacificabpOrdersRate

Funding earned: −$63.21
Slippage, 4 orders: −$17.66
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$97.88
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; Pacifica: live order book, 62 min ago.

Price risk

price view

Price gap now: −0.169%
Avg gap 7d: −0.043%

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 Hyperliquid live order book, 8 min ago	0.89 bp	6.3 bp −$6	14.6 bp −$146	doesn't fit	doesn't fit
Sell Pacifica live order book, 62 min ago	5.24 bp	9.7 bp −$10	21.3 bp −$213	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	−0.1461%	1h	$17K	$48K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0549%	1h	$5.4M	$13.5M	25x	as long as short
Variational Omni AVAX	−0.0144%	8h	$3.0M	$3.6M	—	as long as short
Kraken Futures PF_AVAXUSD	−0.0085%	1h	$4.1M	$21.5M	50x	as long as short
SoDEX AVAX-USD	−0.0075%	1h	$19K	$122K	10x	as long as short
Gate AVAX_USDT	−0.0054%	8h	$12.6M	$54.5M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	$64K	$182K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	$13K	—	150x	as long as short
Backpack AVAX_USDC_PERP	+0.0022%	1h	$306K	$669K	15x	as long as short
OKX AVAX-USDT-SWAP	+0.0043%	8h	$21.6M	$221.4M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0047%	8h	$30.1M	$4.9M	50x	as long as short
MEXC AVAX_USDT	+0.0059%	8h	$49.7M	$170.4M	200x	as long as short
Binance AVAXUSDT	+0.0059%	8h	$125.3M	$728.9M	75x	as long as short
Bitget AVAXUSDT	+0.0064%	8h	$34.2M	$90.0M	75x	as long as short
Bybit AVAXUSDT	+0.0067%	8h	$90.5M	$187.1M	75x	as long as short
Aster AVAXUSDT	+0.0068%	8h	$2.4M	$3.1M	75x	as long as short
BingX AVAX-USDC	+0.0068%	8h	—	$6.6M	—	as long as short
KuCoin AVAXUSDTM	+0.0081%	8h	$15.1M	$32.0M	75x	as long as short
Polymarket Perps AVAX-USD	+0.0083%	1h	$123K	$567K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	$13K	$2K	20x	as long as short
Lighter AVAX	+0.0096%	1h	$1.3M	$3.8M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	$8K	$1.0M	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	$262K	—	3x	as long as short
Nado AVAX-PERP	+0.0100%	1h	$327K	$1.9M	10x	as long as short
Pacifica AVAXshort	+0.0100%	1h	$304K	$179K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	$142K	$758K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	$173K	$477K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	$12K	$880K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	$360K	$2.1M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	$727K	$2.4M	25x	as long as short
BloFin AVAX-USDT	+0.0180%	8h	$5.3M	$13.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0256%	1h	$877K	$13.3M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0391% / S −0.0224%	1h	$231K	—	120x	as long as short
Hyperliquid AVAXlong	+0.0401%	1h	$43.3M	$85.5M	10x