AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.003%

Price spread now: Pacifica against Lighter+0.107%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.171%+$17 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.107%, 7d avg +0.030%

Together, before fees+0.082%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board+$8 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: Pacifica is 0.077% dearer against Lighter than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	10.570	0.0096	pay 0.0012% / 1h	28m 05s	$1.1M	$2.6M	10x
Short	Pacifica AVAX	10.581	0.0100	get 0.0013% / 1h	28m 05s	$266K	$130K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.107%Rate

Funding earned: $0.84
Price spread: +0.107% → +0.030%: $7.73
Slippage, 4 orders: −$21.04
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$20.47
Costs to cover: 0.290%
Break-even: 177.6 days

Slippage from Lighter: live order book, 4 min ago; Pacifica: live order book, 20 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, 4 min ago	2.17 bp	4.4 bp −$4	11.1 bp −$111	89.9 bp −$8,986	doesn't fit
Sell Pacifica live order book, 20 min ago	5.19 bp	12.2 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
Injective AVAX/USDC PERP	−0.1423%	1h	10.760	+1.800%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0282%	1h	10.574	+0.041%	$4.2M	$11.5M	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0128%	1h	10.569	−0.007%	$4.7M	$7.5M	25x	as long as short
Nado AVAX-PERP	−0.0052%	1h	10.578	+0.079%	$289K	$338K	10x	as long as short
Variational Omni AVAX	−0.0006%	8h	10.571	+0.011%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.582	+0.115%	$88K	$117K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.568	−0.015%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0024%	8h	10.566	−0.035%	$12.1M	$32.6M	75x	as long as short
Polymarket Perps AVAX-USD	+0.0084%	1h	10.579	+0.088%	$132K	$355K	10x	as long as short
Bybit AVAXUSDT	+0.0084%	8h	10.563	−0.063%	$78.1M	$144.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack AVAX_USDC_PERP	+0.0090%	1h	10.570	+0.003%	$368K	$563K	15x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.577	+0.068%	$12K	$212	20x	as long as short
Lighter AVAXlong	+0.0096%	1h	10.570	long leg	$1.1M	$2.6M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.582	+0.116%	$19K	$443K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.576	+0.060%	$38.1M	$43.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.566	−0.034%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	10.581	+0.107%	$266K	$130K	10x
Binance AVAXUSDT	+0.0100%	8h	10.571	+0.012%	$112.4M	$430.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.567	−0.026%	$18.6M	$111.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.572	+0.022%	$42.5M	$79.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.568	−0.016%	$13.1M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.566	−0.035%	$31.8M	$49.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.568	−0.016%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.586	+0.155%	$334K	$966K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.612	+0.400%	$171K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.573	+0.031%	$167K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.612	+0.396%	$11K	$757K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.569	−0.007%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.559	−0.097%	$343K	$803K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.573	+0.031%	$28.2M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.564	−0.054%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.564	−0.052%	$243K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.558	−0.111%	$827K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.591	+0.202%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.576	+0.064%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.562	−0.070%	$231K	—	120x	as long as short