AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1355%/8h= +148.4% APRnext payment +$1.69 per $10,000 · paid last 24h +0.074%

Price spread now: Deribit against Injective+0.732%63s7-day average +0.180% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

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

costs, in and out, $10k−$950.954% of the position

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.219%−$22 on $10k

Price spread, last 3 days (all we have)−1.637%−$164 · spread now +0.732%, 7d avg +0.180%

Together, before fees−1.856%−$186 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and Deribit is 0.553% dearer against Injective than usual: you sell high and buy low: +$55 more if the spread goes back to its 7-day average of +0.180%. Mind the row above: over the last 7 days funding on this pair cost −0.219%, so the current rate has only just turned in your favour. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.219% in total (about -11.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.69 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	Injective AVAX/USDC PERP	11.060	−0.1374	get 0.0172% / 1h	53m 36s	$17K	$151K	12x
Short	Deribit AVAX_USDC-PERPETUAL	11.141	−0.0019	pay 0.0002% / 1h	53m 36s	$5.2M	$8.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. 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 InjectivebpFee DeribitbpOrdersPrice spread, now +0.732%Rate

Funding earned: $284.55
Price spread: +0.732% → +0.180%: $55.26
Slippage, 4 orders: −$88.39
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $244.4
Costs to cover: 0.954%
Break-even: 1.0 days

Slippage from Injective: live order book, 10 min ago; Deribit: live order book, just now.

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 Injective live order book, 10 min ago	31.40 bp	52.9 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, just now	0.90 bp	6.8 bp −$7	21.4 bp −$214	doesn't fit	doesn't fit

AVAX on 35 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 PERPlong	−0.1374%	1h	11.060	long leg	$17K	$151K	12x
Nado AVAX-PERP	−0.0083%	1h	11.133	+0.665%	$286K	$453K	10x	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0019%	1h	11.141	+0.732%	$5.2M	$8.0M	25x
dYdX AVAX-USD	0.0000%	1h	11.135	+0.679%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.137	+0.699%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.141	+0.730%	$4.3M	$11.6M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.135	+0.678%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.137	+0.696%	$15K	$566K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.137	+0.693%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.138	+0.707%	$2.3M	$1.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.138	+0.705%	$290K	$113K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.138	+0.702%	$118.9M	$439.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.137	+0.696%	$88.4M	$139.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.138	+0.705%	$20.0M	$119.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.132	+0.651%	$12.1M	$34.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.136	+0.687%	$48.4M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.139	+0.714%	$15.6M	$21.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.138	+0.705%	$33.4M	$49.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.137	+0.696%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.136	+0.687%	$356K	$499K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.151	+0.820%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.099	+0.353%	$351K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.104	+0.398%	$178K	$680K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.132	+0.651%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.148	+0.796%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.148	+0.795%	$12K	$702K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.140	+0.723%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.131	+0.642%	$361K	$853K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.130	+0.633%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.133	+0.663%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.136	+0.684%	$256K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.144	+0.759%	$904K	$5.6M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.130	+0.630%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0334%	1h	11.151	+0.824%	$43.4M	$43.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.137	+0.694%	$236K	—	120x	as long as short