AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1478%/8h= −161.9% APRnext payment −$1.85 per $10,000 · paid last 24h −0.223%

Price spread now: Injective against Aevo−0.296%59s7-day average −0.227% · you buy dearer than you sell

Net, funding: paid 7d − costs−$884as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$8408.404% of the position

Long on Aevo Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.435%−$43 on $10k

Price spread, last 4 days (all we have)+1.279%+$128 · spread now −0.296%, 7d avg −0.227%

Together, before fees+0.844%+$84 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and Injective is 0.068% cheaper against Aevo than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.227%). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.435% in total (about -22.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.85 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	Aevo AVAX-PERP	11.163	0.0104	pay 0.0013% / 1h	9m 24s	$256K	—	3x
Short	Injective AVAX/USDC PERP	11.130	−0.1374	pay 0.0172% / 1h	9m 24s	$17K	$151K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.296%Rate

Funding earned: −$310.42
Price spread: −0.296% → −0.227%: −$6.84
Slippage, 4 orders: −$824.4
Fee Aevo: 8 bp × 2 orders: −$16
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,157.68
Costs to cover: 8.404%
Break-even: never at this rate

Slippage from Aevo: live order book, 55 min ago; Injective: live order book, 54 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, 55 min ago	178.64 bp	368.2 bp −$368	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 54 min ago	31.40 bp	31.4 bp −$31	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	−0.1374%	1h	11.130	−0.296%	$17K	$151K	12x
Nado AVAX-PERP	−0.0069%	1h	11.149	−0.121%	$287K	$397K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.163	0.000%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.152	−0.103%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.150	−0.115%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.168	+0.044%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.150	−0.112%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.150	−0.116%	$16K	$565K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.148	−0.137%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.161	−0.016%	$2.3M	$1.2M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.155	−0.074%	$291K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.147	−0.140%	$119.4M	$430.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.149	−0.125%	$88.5M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.149	−0.125%	$20.4M	$117.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.152	−0.099%	$12.2M	$35.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.148	−0.134%	$49.0M	$79.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.153	−0.090%	$15.8M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.146	−0.152%	$33.5M	$48.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.150	−0.116%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.162	−0.009%	$330K	$523K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.144	−0.167%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.152	−0.095%	$354K	$822K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.178	+0.134%	$180K	$675K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.150	−0.116%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.168	+0.045%	$196K	$312K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.202	+0.352%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.165	+0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.159	−0.040%	$366K	$866K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.166	+0.027%	$29.8M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.144	−0.169%	$684K	$1.5M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	11.163	long leg	$256K	—	3x
BloFin AVAX-USDT	+0.0220%	8h	11.159	−0.036%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.178	+0.134%	$897K	$5.4M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.145	−0.162%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.162	−0.008%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0590%	1h	11.166	+0.027%	$43.6M	$42.4M	10x	as long as short