AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.021%

Price spread now: Backpack against Aevo−0.028%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$932as in the Funding arb table

Net, price: spread back to 7d avg − costs−$924as in the Price arb table

costs, in and out, $10k−$9189.178% of the position

Long on Aevo Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.141%−$14 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.028%, 7d avg +0.038%

Together, before fees−0.013%−$1 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: Backpack is 0.066% cheaper against Aevo than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	10.703	0.0104	pay 0.0013% / 1h	32m 55s	$246K	—	3x
Short	Backpack AVAX_USDC_PERP	10.700	0.0100	get 0.0013% / 1h	32m 55s	$436K	$565K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aevo. 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 AevobpFee BackpackbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$0.84
Price spread: −0.028% → +0.038%: −$6.65
Slippage, 4 orders: −$891.77
Fee Aevo: 8 bp × 2 orders: −$16
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$925.26
Costs to cover: 9.178%
Break-even: never at this rate

Slippage from Aevo: live order book, 11 min ago; Backpack: live order book, 11 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 Aevo live order book, 11 min ago	205.90 bp	438.3 bp −$438	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 11 min ago	1.40 bp	6.9 bp −$7	41.4 bp −$414	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	−0.0178%	1h	10.701	−0.014%	$285K	$339K	10x	as long as short
Variational Omni AVAX	−0.0045%	8h	10.676	−0.256%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.705	+0.018%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.705	+0.019%	$4.8M	$7.1M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.700	−0.028%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0032%	8h	10.699	−0.037%	$12.7M	$32.2M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.533%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0088%	8h	10.709	+0.059%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0092%	8h	10.694	−0.084%	$81.1M	$146.3M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.698	−0.044%	$1.2M	$2.5M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.705	+0.019%	$23K	$424K	50x	as long as short
SoDEX AVAX-USD	+0.0097%	1h	10.695	−0.075%	$18K	$72K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.704	+0.009%	$37.3M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.698	−0.046%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.709	+0.056%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.698	−0.046%	$113.7M	$425.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.693	−0.093%	$18.7M	$112.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.696	−0.065%	$45.2M	$80.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.697	−0.056%	$13.6M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.693	−0.093%	$32.4M	$48.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.696	−0.065%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERPshort	+0.0100%	1h	10.700	−0.028%	$436K	$565K	15x
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.701	−0.021%	$340K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.705	+0.019%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.707	+0.037%	$136K	$352K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.710	+0.065%	$230K	$346K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.732	+0.268%	$11K	$765K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.709	+0.058%	$337K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.702	−0.009%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.692	−0.099%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	10.703	long leg	$246K	—	3x
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.702	−0.009%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.694	−0.084%	$930K	$5.0M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.700	−0.028%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.697	−0.053%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.684	−0.177%	$226K	—	120x	as long as short