AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0209%/8h= −22.9% APRnext payment −$0.26 per $10,000 · paid last 24h −0.162%

Price spread now: Deribit against Pacifica−0.045%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on Pacifica Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.645%−$64 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now −0.045%, 7d avg −0.029%

Together, before fees−0.701%+ Points / potential airdropPacifica: Active · farm board−$70 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.131	0.0100	pay 0.0013% / 1h	33m 41s	$296K	$106K	10x
Short	Deribit AVAX_USDC-PERPETUAL	11.126	−0.0109	pay 0.0014% / 1h	33m 41s	$5.3M	$8.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Pacifica. 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 PacificabpFee DeribitbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$43.97
Price spread: −0.045% → −0.029%: −$1.64
Slippage, 4 orders: −$18.06
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$78.68
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from Pacifica: live order book, 40 min ago; Deribit: live order book, just now.

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 Pacifica live order book, 40 min ago	4.90 bp	8.9 bp −$9	17.6 bp −$176	doesn't fit	doesn't fit
Sell Deribit live order book, just now	0.90 bp	4.4 bp −$4	16.2 bp −$162	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	−0.1363%	1h	11.090	−0.368%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0109%	1h	11.126	−0.045%	$5.3M	$8.6M	25x
Nado AVAX-PERP	−0.0053%	1h	11.127	−0.032%	$292K	$831K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.128	−0.027%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.130	−0.009%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.129	−0.023%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.130	−0.009%	$18K	$633K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.124	−0.063%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.131	0.000%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	11.131	long leg	$296K	$106K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.129	−0.018%	$118.4M	$487.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.128	−0.027%	$88.5M	$149.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.126	−0.045%	$19.9M	$134.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.126	−0.045%	$12.1M	$38.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.128	−0.027%	$48.8M	$88.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.130	−0.009%	$15.4M	$23.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.127	−0.036%	$33.7M	$55.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.125	−0.054%	—	$85.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.133	+0.018%	$356K	$558K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.134	+0.025%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.133	+0.016%	$359K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.135	+0.036%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.136	+0.045%	$131K	$376K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.136	+0.045%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.158	+0.244%	$12K	$725K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.128	−0.027%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.108	−0.202%	$360K	$953K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.130	−0.009%	$29.9M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.124	−0.065%	$667K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.124	−0.059%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.134	+0.025%	$4.3M	$12.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.125	−0.054%	$5.0M	$6.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.128	−0.024%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.140	+0.081%	$905K	$6.9M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.130	−0.010%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0675%	1h	11.146	+0.135%	$43.5M	$51.0M	10x	as long as short