AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.303%

Price spread now: Injective against Pacifica+0.232%7-day average −0.205% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$1101.096% of the position

Long on Pacifica Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.512%−$51 on $10k

Price spread, last 4 days (all we have)+0.797%+$80 · spread now +0.232%, 7d avg −0.205%

Together, before fees+0.285%+ Points / potential airdropPacifica: Active · farm board+$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.437% dearer against Pacifica than usual: you sell high and buy low (spread +0.232% now, against its 7-day average of −0.205%): +$44 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 22 days. At the pace of the last 7 days (−0.512% in total) that is about 6.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	10.735	0.0100	pay 0.0013% / 1h	5m 58s	$270K	$129K	10x
Short	Injective AVAX/USDC PERP	10.760	0.0033	get 0.0004% / 1h	5m 58s	$17K	$152K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.232%Rate

Funding earned: −$14
Price spread: +0.232% → −0.205%: $43.69
Slippage, 4 orders: −$101.58
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$79.91
Costs to cover: 1.096%
Break-even: never at this rate

Slippage from Pacifica: live order book, 37 min ago; Injective: live order book, 38 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 Pacifica live order book, 37 min ago	1.87 bp	5.9 bp −$6	15.8 bp −$158	doesn't fit	doesn't fit
Sell Injective live order book, 38 min ago	32.76 bp	32.8 bp −$33	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
Nado AVAX-PERP	−0.0196%	1h	10.726	−0.080%	$282K	$338K	10x	as long as short
Variational Omni AVAX	−0.0059%	8h	10.719	−0.155%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0030%	1h	10.720	−0.141%	$4.8M	$7.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.731	−0.038%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.721	−0.131%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0020%	8h	10.720	−0.141%	$12.9M	$32.5M	75x	as long as short
Injective AVAX/USDC PERPshort	+0.0033%	1h	10.760	+0.232%	$17K	$152K	12x
Paradex AVAX-USD-PERP	+0.0086%	8h	10.729	−0.055%	$12K	$212	20x	as long as short
SoDEX AVAX-USD	+0.0089%	1h	10.720	−0.141%	$18K	$72K	10x	as long as short
Bybit AVAXUSDT	+0.0091%	8h	10.711	−0.225%	$81.8M	$145.6M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.720	−0.143%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.728	−0.066%	$25K	$474K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.731	−0.038%	$37.2M	$43.5M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.723	−0.113%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	10.735	long leg	$270K	$129K	10x
Binance AVAXUSDT	+0.0100%	8h	10.715	−0.189%	$113.6M	$420.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.714	−0.197%	$18.8M	$111.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.719	−0.150%	$45.6M	$81.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.716	−0.178%	$13.7M	$22.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.716	−0.178%	$32.4M	$48.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.714	−0.197%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.725	−0.094%	$437K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.728	−0.065%	$339K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.728	−0.066%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.728	−0.066%	$135K	$353K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.728	−0.066%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.759	+0.227%	$11K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.729	−0.052%	$326K	$899K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.722	−0.122%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.711	−0.225%	$610K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.714	−0.197%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.720	−0.144%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.729	−0.057%	$853K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.729	−0.057%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.719	−0.147%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.732	−0.032%	$226K	—	120x	as long as short