AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0126%/8h= −13.7% APRnext payment −$0.16 per $10,000 · paid last 24h −0.114%

Price spread now: Deribit against Lighter+0.090%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.494%−$49 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.090%, 7d avg 0.000%

Together, before fees−0.663%+ Points / potential airdropLighter: Season 3 · farm board−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.090% dearer against Lighter than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of 0.000%): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	10.720	0.0096	pay 0.0012% / 1h	9m 26s	$1.2M	$2.5M	10x
Short	Deribit AVAX_USDC-PERPETUAL	10.730	−0.0030	pay 0.0004% / 1h	9m 26s	$4.8M	$7.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$26.36
Price spread: +0.090% → 0.000%: $8.95
Slippage, 4 orders: −$14.16
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$38.56
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Deribit: live order book, 5 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	2.66 bp	3.8 bp −$4	11.4 bp −$114	84.0 bp −$8,399	doesn't fit
Sell Deribit live order book, 5 min ago	1.86 bp	6.2 bp −$6	22.5 bp −$225	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
Nado AVAX-PERP	−0.0196%	1h	10.722	+0.010%	$282K	$340K	10x	as long as short
Variational Omni AVAX	−0.0059%	8h	10.719	−0.018%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0030%	1h	10.730	+0.090%	$4.8M	$7.0M	25x
dYdX AVAX-USD	0.0000%	1h	10.724	+0.033%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.734	+0.125%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0025%	8h	10.729	+0.080%	$12.9M	$32.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.369%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0086%	1h	10.728	+0.071%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	10.721	+0.001%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0091%	8h	10.730	+0.090%	$81.9M	$146.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAXlong	+0.0096%	1h	10.720	long leg	$1.2M	$2.5M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.729	+0.080%	$20K	$466K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.740	+0.183%	$37.3M	$43.5M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.729	+0.078%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.726	+0.048%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.731	+0.099%	$113.7M	$421.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.726	+0.052%	$18.9M	$112.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.730	+0.090%	$45.3M	$81.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.729	+0.080%	$13.7M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.728	+0.071%	$32.4M	$48.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.730	+0.090%	—	$54.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.730	+0.090%	$437K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.724	+0.037%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.730	+0.090%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.731	+0.099%	$135K	$353K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.739	+0.174%	$232K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.759	+0.365%	$12K	$768K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.726	+0.057%	$326K	$907K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.730	+0.090%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.715	−0.051%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.729	+0.080%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.729	+0.078%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.734	+0.127%	$854K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.723	+0.024%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.720	−0.002%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.734	+0.123%	$226K	—	120x	as long as short