AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: Lighter against Kraken Futures+0.006%7-day average −0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.006%, 7d avg −0.071%

Together, before fees−0.039%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.077% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.071%): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	10.755	0.0112	pay 0.0014% / 1h	25m 44s	$4.3M	$11.3M	50x
Short	Lighter AVAX	10.755	0.0096	get 0.0012% / 1h	25m 44s	$1.2M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$3.46
Price spread: +0.006% → −0.071%: $7.73
Slippage, 4 orders: −$22.26
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$27.99
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Lighter: live order book, 11 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 Kraken Futures live order book, 3 min ago	2.33 bp	10.3 bp −$10	14.2 bp −$142	41.0 bp −$4,098	doesn't fit
Sell Lighter live order book, 11 min ago	2.76 bp	3.6 bp −$4	11.2 bp −$112	86.6 bp −$8,658	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
Nado AVAX-PERP	−0.0189%	1h	10.742	−0.118%	$286K	$339K	10x	as long as short
Variational Omni AVAX	−0.0050%	8h	10.738	−0.159%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.742	−0.118%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.751	−0.035%	$4.8M	$7.1M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.745	−0.086%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0031%	8h	10.759	+0.040%	$12.8M	$32.2M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.049%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0088%	8h	10.755	+0.007%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.752	−0.025%	$81.5M	$146.3M	75x	as long as short
Lighter AVAXshort	+0.0096%	1h	10.755	+0.006%	$1.2M	$2.5M	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.742	−0.118%	$27K	$427K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.756	+0.012%	$37.5M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.755	0.000%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.759	+0.039%	$270K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.755	+0.002%	$114.5M	$424.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.754	−0.007%	$18.9M	$112.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.757	+0.021%	$45.6M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.753	−0.016%	$13.7M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.751	−0.035%	$32.5M	$48.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.753	−0.016%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.758	+0.030%	$438K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.700	−0.506%	$341K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.715	−0.369%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.744	−0.100%	$136K	$352K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.751	−0.035%	$231K	$346K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.772	+0.159%	$11K	$765K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.749	−0.053%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.742	−0.114%	$338K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.749	−0.053%	$28.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.752	−0.022%	$611K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.745	−0.086%	$247K	—	3x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0112%	1h	10.755	long leg	$4.3M	$11.3M	50x
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.732	−0.211%	$855K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.732	−0.211%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.739	−0.148%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.733	−0.207%	$226K	—	120x	as long as short