AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0130%/8h= −14.2% APRnext payment −$0.16 per $10,000 · paid last 24h −0.087%

Price spread now: Deribit against Aevo+0.074%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,105as in the Price arb table

costs, in and out, $10k−$1,11311.127% of the position

Long on Aevo Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.673%−$67 on $10k

Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.074%, 7d avg −0.001%

Together, before fees−0.773%−$77 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.075% dearer against Aevo than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of −0.001%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 7 days (−0.673% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	10.876	0.0104	pay 0.0013% / 1h	53m 08s	$250K	—	3x
Short	Deribit AVAX_USDC-PERPETUAL	10.884	−0.0026	pay 0.0003% / 1h	53m 08s	$5.0M	$6.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$27.21
Price spread: +0.074% → −0.001%: $7.48
Slippage, 4 orders: −$1,089.71
Fee Aevo: 8 bp × 2 orders: −$16
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$1,132.44
Costs to cover: 11.127%
Break-even: never at this rate

Slippage from Aevo: live order book, 59 min ago; Deribit: live order book, 4 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, 59 min ago	249.12 bp	516.1 bp −$516	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	0.92 bp	4.4 bp −$4	44.1 bp −$441	doesn't fit	doesn't fit

AVAX on 36 exchanges

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
Variational Omni AVAX	−0.0140%	8h	10.876	−0.003%	$3.1M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0114%	8h	10.879	+0.028%	$14.5M	$26.6M	75x	as long as short
SoDEX AVAX-USD	−0.0083%	1h	10.880	+0.037%	$19K	$68K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.885	+0.087%	$3.7M	$10.9M	50x	as long as short
Bybit AVAXUSDT	−0.0047%	8h	10.878	+0.018%	$84.8M	$131.6M	75x	as long as short
Phemex AVAXUSDT	−0.0042%	8h	10.878	+0.018%	$29.0M	$5.6M	50x	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0026%	1h	10.884	+0.074%	$5.0M	$6.6M	25x
Nado AVAX-PERP	−0.0008%	1h	10.875	−0.005%	$276K	$300K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.887	+0.104%	$93K	$100K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.884	+0.074%	$23K	—	150x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.067%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0094%	8h	10.877	+0.009%	$19.4M	$102.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.881	+0.048%	$1.2M	$1.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.879	+0.028%	$23K	$438K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.879	+0.029%	$12K	$62	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.882	+0.051%	$2.2M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.884	+0.074%	$274K	$122K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.880	+0.039%	$114.9M	$373.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.881	+0.046%	$52.8M	$69.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.884	+0.074%	$14.3M	$18.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.877	+0.009%	$33.1M	$43.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.880	+0.037%	—	$39.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.883	+0.064%	$439K	$522K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.889	+0.116%	$343K	$1.5M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.893	+0.156%	$175K	$658K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.880	+0.037%	$137K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.888	+0.110%	$235K	$217K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.909	+0.301%	$12K	$772K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.878	+0.017%	$326K	$948K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.875	−0.010%	$618K	$1.4M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	10.876	long leg	$250K	—	3x
Hyperliquid AVAX	+0.0119%	1h	10.895	+0.175%	$36.2M	$37.4M	10x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.887	+0.101%	$861K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.879	+0.028%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.873	−0.024%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.881	+0.045%	$230K	—	120x	as long as short