AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.007%

Price spread now: Aevo against Lighter−0.032%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$749as in the Funding arb table

Net, price: spread back to 7d avg − costs−$771as in the Price arb table

costs, in and out, $10k−$7677.669% of the position

Long on Lighter Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.178%+$18 on $10k

Price spread, last 4 days (all we have)−0.435%−$43 · spread now −0.032%, 7d avg +0.008%

Together, before fees−0.257%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.040% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	11.166	0.0096	pay 0.0012% / 1h	28m 57s	$1.2M	$2.9M	10x
Short	Aevo AVAX-PERP	11.163	0.0104	get 0.0013% / 1h	28m 57s	$256K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now −0.032%Rate

Funding earned: $1.68
Price spread: −0.032% → +0.008%: −$3.97
Slippage, 4 orders: −$750.94
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$769.22
Costs to cover: 7.669%
Break-even: 3212.1 days

Slippage from Lighter: live order book, 3 min ago; Aevo: 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 Lighter live order book, 3 min ago	4.07 bp	5.6 bp −$6	17.9 bp −$179	92.5 bp −$9,250	doesn't fit
Sell Aevo live order book, 35 min ago	178.64 bp	388.0 bp −$388	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
Injective AVAX/USDC PERP	−0.1374%	1h	11.120	−0.414%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0081%	1h	11.171	+0.047%	$287K	$448K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.167	+0.007%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.172	+0.049%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.171	+0.043%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.171	+0.047%	$4.3M	$11.5M	50x	as long as short
Lighter AVAXlong	+0.0096%	1h	11.166	long leg	$1.2M	$2.9M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.169	+0.025%	$16K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.175	+0.083%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.169	+0.028%	$2.3M	$1.2M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.179	+0.115%	$291K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.168	+0.018%	$119.4M	$433.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.163	−0.029%	$88.7M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.163	−0.029%	$20.1M	$117.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.168	+0.016%	$12.2M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.168	+0.016%	$48.0M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.170	+0.034%	$15.7M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.166	−0.002%	$33.5M	$48.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.167	+0.007%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.167	+0.007%	$357K	$497K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.168	+0.018%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.174	+0.066%	$358K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.179	+0.115%	$180K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.173	+0.061%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.178	+0.106%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.202	+0.318%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.167	+0.007%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.168	+0.018%	$366K	$870K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.166	−0.002%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.165	−0.008%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	11.163	−0.032%	$256K	—	3x
BloFin AVAX-USDT	+0.0220%	8h	11.162	−0.038%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.182	+0.141%	$899K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.170	+0.030%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.170	+0.037%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0496%	1h	11.183	+0.150%	$43.5M	$43.1M	10x	as long as short