AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.283%

Price spread now: Pacifica against Injective+0.130%7-day average +0.189% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1051.052% of the position

Long on Injective Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.512%+$51 on $10k

Price spread, last 4 days (all we have)−0.629%−$63 · spread now +0.130%, 7d avg +0.189%

Together, before fees−0.117%+ Points / potential airdropPacifica: Active · farm board−$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.059% cheaper against Injective than usual: you would sell low and buy high (spread +0.130% now, against its 7-day average of +0.189%). If the spread goes back, that is −$6 on $10k: about 3.0 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.512% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AVAX/USDC PERP	10.760	0.0033	pay 0.0004% / 1h	37m 59s	$17K	$151K	12x
Short	Pacifica AVAX	10.774	0.0100	get 0.0013% / 1h	37m 59s	$271K	$128K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.130%Rate

Funding earned: $14
Price spread: +0.130% → +0.189%: −$5.9
Slippage, 4 orders: −$97.19
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$97.11
Costs to cover: 1.052%
Break-even: 55.6 days

Slippage from Injective: live order book, 61 min ago; Pacifica: live order book, 60 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 Injective live order book, 61 min ago	28.12 bp	56.1 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 60 min ago	5.15 bp	11.8 bp −$12	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
Kraken Futures PF_AVAXUSD	−0.0265%	1h	10.782	+0.200%	$3.7M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0238%	1h	10.774	+0.130%	$280K	$326K	10x	as long as short
Phemex AVAXUSDT	−0.0121%	8h	10.775	+0.139%	$28.7M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0080%	8h	10.771	+0.100%	$3.0M	$2.2M	—	as long as short
SoDEX AVAX-USD	−0.0056%	1h	10.777	+0.158%	$18K	$68K	10x	as long as short
Gate AVAX_USDT	−0.0004%	8h	10.777	+0.158%	$13.8M	$28.8M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.774	+0.128%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.783	+0.214%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.784	+0.220%	$12K	—	150x	as long as short
Injective AVAX/USDC PERPlong	+0.0033%	1h	10.760	long leg	$17K	$151K	12x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0089%	8h	10.766	+0.052%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.778	+0.171%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.774	+0.130%	$22K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.798	+0.353%	$35.9M	$40.2M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.783	+0.210%	$2.4M	$1.4M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	10.774	+0.130%	$271K	$128K	10x
Binance AVAXUSDT	+0.0100%	8h	10.782	+0.208%	$113.7M	$398.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.781	+0.195%	$84.3M	$138.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.782	+0.204%	$19.0M	$107.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.783	+0.214%	$53.2M	$79.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.779	+0.177%	$13.9M	$21.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.785	+0.232%	$33.0M	$45.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.787	+0.251%	—	$53.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.791	+0.288%	$439K	$535K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.781	+0.200%	$344K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.780	+0.186%	$174K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.795	+0.325%	$136K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.784	+0.223%	$233K	$239K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.795	+0.329%	$12K	$774K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.777	+0.163%	$334K	$872K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.778	+0.169%	$612K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.777	+0.153%	$248K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.793	+0.307%	$856K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.773	+0.121%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.774	+0.133%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.783	+0.216%	$227K	—	120x	as long as short