AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.05 per $10,000 · paid last 24h −0.082%

Price spread now: Popdex against Hyperliquid−0.138%47s7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.302% of the position

Long on Hyperliquid Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.111%−$11 on $10k

Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.138%, 7d avg −0.053%

Together, before fees+0.026%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Popdex is 0.085% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.053%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AVAX	10.897	0.0135	pay 0.0017% / 1h	58m 48s	$36.1M	$39.8M	10x
Short	Popdex AVAXUSDT	10.882	0.0096	get 0.0012% / 1h	58m 48s	$19K	$474K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Hyperliquid. 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 HyperliquidbpFee PopdexbpOrdersPrice spread, now −0.138%Rate

Funding earned: −$8.23
Price spread: −0.138% → −0.053%: −$8.48
Slippage, 4 orders: −$14.84
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$46.95
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; Popdex: live order book, 35 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 Hyperliquid live order book, 5 min ago	0.92 bp	6.4 bp −$6	12.7 bp −$127	doesn't fit	doesn't fit
Sell Popdex live order book, 35 min ago	2.33 bp	6.5 bp −$6	18.8 bp −$188	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
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.879	−0.164%	$3.8M	$11.5M	50x	as long as short
Phemex AVAXUSDT	−0.0108%	8h	10.873	−0.220%	$29.0M	$5.6M	50x	as long as short
Variational Omni AVAX	−0.0094%	8h	10.874	−0.207%	$3.0M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0058%	1h	10.873	−0.220%	$19K	$68K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.881	−0.144%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.878	−0.174%	$4.9M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.897	−0.001%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.257%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0036%	8h	10.888	−0.083%	$14.2M	$28.0M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.878	−0.173%	$12K	$62	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.888	−0.085%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDTshort	+0.0096%	1h	10.882	−0.138%	$19K	$474K	50x
Nado AVAX-PERP	+0.0100%	1h	10.874	−0.206%	$274K	$311K	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.888	−0.083%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.890	−0.068%	$274K	$126K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.886	−0.101%	$114.7M	$387.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.880	−0.156%	$84.9M	$135.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.881	−0.147%	$19.4M	$106.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.892	−0.046%	$55.4M	$72.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.884	−0.119%	$14.1M	$19.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.879	−0.165%	$33.1M	$44.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.885	−0.110%	—	$52.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.887	−0.092%	$440K	$527K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.889	−0.073%	$341K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.897	0.000%	$175K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.886	−0.101%	$137K	$245K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.882	−0.138%	$235K	$221K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.909	+0.110%	$12K	$777K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.883	−0.124%	$336K	$868K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.884	−0.124%	$621K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.873	−0.220%	$250K	—	3x	as long as short
Hyperliquid AVAXlong	+0.0135%	1h	10.897	long leg	$36.1M	$39.8M	10x
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	10.885	−0.110%	$857K	$5.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.873	−0.220%	$4.7M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.871	−0.238%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.892	−0.045%	$230K	—	120x	as long as short