AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1519%/8h= −166.3% APRnext payment −$1.90 per $10,000 · paid last 24h −0.282%

Price spread now: Injective against Popdex+0.392%7-day average −0.220% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$1091.093% of the position

Long on Popdex Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.429%−$43 on $10k

Price spread, last 4 days (all we have)+0.492%+$49 · spread now +0.392%, 7d avg −0.220%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.612% dearer against Popdex than usual: you sell high and buy low (spread +0.392% now, against its 7-day average of −0.220%): +$61 on $10k if it goes back. Holding the pair costs −$46 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 4 days (−0.429% in total) that is about 5.2 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.429% in total (about -42.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.90 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	10.718	0.0096	pay 0.0012% / 1h	2m 58s	$18K	$431K	50x
Short	Injective AVAX/USDC PERP	10.760	−0.1423	pay 0.0178% / 1h	2m 58s	$17K	$152K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.392%Rate

Funding earned: −$318.95
Price spread: +0.392% → −0.220%: $61.18
Slippage, 4 orders: −$102.86
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$367.06
Costs to cover: 1.093%
Break-even: never at this rate

Slippage from Popdex: live order book, 46 min ago; Injective: live order book, 46 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, 46 min ago	1.89 bp	7.9 bp −$8	19.2 bp −$192	doesn't fit	doesn't fit
Sell Injective live order book, 46 min ago	42.47 bp	42.5 bp −$42	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 PERPshort	−0.1423%	1h	10.760	+0.392%	$17K	$152K	12x
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.728	+0.093%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0100%	1h	10.723	+0.051%	$287K	$340K	10x	as long as short
Variational Omni AVAX	−0.0030%	8h	10.729	+0.099%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.731	+0.125%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.724	+0.056%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.720	+0.014%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0043%	8h	10.725	+0.065%	$12.6M	$33.2M	75x	as long as short
Bybit AVAXUSDT	+0.0085%	8h	10.718	0.000%	$82.3M	$149.0M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.725	+0.065%	$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	10.718	long leg	$18K	$431K	50x
Paradex AVAX-USD-PERP	+0.0097%	8h	10.722	+0.035%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.736	+0.168%	$37.6M	$44.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.723	+0.044%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.728	+0.093%	$269K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.721	+0.027%	$114.4M	$433.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.716	−0.019%	$18.8M	$114.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.720	+0.019%	$45.6M	$81.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.724	+0.056%	$13.3M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.721	+0.028%	$32.5M	$49.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.723	+0.047%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.726	+0.075%	$428K	$589K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.721	+0.027%	$335K	$999K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.743	+0.233%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.720	+0.019%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.727	+0.084%	$231K	$352K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.750	+0.299%	$11K	$767K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.723	+0.047%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.723	+0.049%	$344K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.722	+0.037%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.716	−0.016%	$615K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.723	+0.051%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.738	+0.187%	$934K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.727	+0.084%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.716	−0.023%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.719	+0.013%	$227K	—	120x	as long as short