AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.123%

Price spread now: Deribit against Popdex−0.037%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Popdex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.523%−$52 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now −0.037%, 7d avg −0.038%

Together, before fees−0.661%−$66 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	10.724	0.0096	pay 0.0012% / 1h	6m 37s	$19K	$431K	50x
Short	Deribit AVAX_USDC-PERPETUAL	10.720	0	get 0.0000% / 1h	6m 37s	$4.8M	$7.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Popdex. 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 PopdexbpFee DeribitbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$20.16
Price spread: −0.037% → −0.038%: $0.12
Slippage, 4 orders: −$15.16
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$48.6
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from Popdex: live order book, 42 min ago; Deribit: live order book, 2 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 Popdex live order book, 42 min ago	1.89 bp	7.9 bp −$8	19.2 bp −$192	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	1.87 bp	8.3 bp −$8	62.1 bp −$621	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	+0.336%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.722	−0.018%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0093%	1h	10.720	−0.042%	$285K	$340K	10x	as long as short
Variational Omni AVAX	−0.0032%	8h	10.728	+0.034%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.726	+0.014%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUALshort	0.0000%	1h	10.720	−0.037%	$4.8M	$7.5M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.720	−0.037%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0041%	8h	10.721	−0.028%	$12.5M	$33.1M	75x	as long as short
Bybit AVAXUSDT	+0.0080%	8h	10.723	−0.009%	$80.6M	$147.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.722	−0.019%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDTlong	+0.0096%	1h	10.724	long leg	$19K	$431K	50x
Paradex AVAX-USD-PERP	+0.0097%	8h	10.721	−0.031%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.733	+0.089%	$37.7M	$44.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.723	−0.013%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.726	+0.019%	$269K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.725	+0.009%	$114.4M	$434.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.724	0.000%	$18.8M	$114.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.722	−0.019%	$45.8M	$81.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.723	−0.009%	$13.2M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.729	+0.047%	$32.5M	$49.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.723	−0.009%	—	$54.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.715	−0.084%	$428K	$588K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.738	+0.129%	$346K	$988K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.742	+0.168%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.731	+0.065%	$136K	$356K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.726	+0.019%	$217K	$338K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.747	+0.214%	$12K	$767K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.717	−0.065%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.720	−0.042%	$343K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.717	−0.065%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.719	−0.051%	$613K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.716	−0.079%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.724	0.000%	$934K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.719	−0.047%	$4.6M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.727	+0.024%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.719	−0.044%	$227K	—	120x	as long as short