AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.007%

Price spread now: Lighter against Aevo−0.010%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$782as in the Funding arb table

Net, price: spread back to 7d avg − costs−$764as in the Price arb table

costs, in and out, $10k−$7647.642% of the position

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.010%, 7d avg −0.008%

Together, before fees−0.122%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	11.136	0.0104	pay 0.0013% / 1h	53m 57s	$256K	—	3x
Short	Lighter AVAX	11.135	0.0096	get 0.0012% / 1h	53m 57s	$1.2M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$1.68
Price spread: −0.010% → −0.008%: −$0.15
Slippage, 4 orders: −$748.23
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$766.06
Costs to cover: 7.642%
Break-even: never at this rate

Slippage from Aevo: live order book, 10 min ago; Lighter: live order book, 3 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, 10 min ago	178.64 bp	368.2 bp −$368	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	3.56 bp	4.0 bp −$4	11.2 bp −$112	86.1 bp −$8,610	doesn't fit

AVAX on 35 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	−0.1374%	1h	11.060	−0.680%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0075%	1h	11.120	−0.137%	$286K	$453K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.141	+0.048%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.115	−0.182%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.137	+0.014%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.141	+0.045%	$4.3M	$11.6M	50x	as long as short
Lighter AVAXshort	+0.0096%	1h	11.135	−0.010%	$1.2M	$2.9M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.123	−0.114%	$15K	$566K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.118	−0.158%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.142	+0.057%	$2.3M	$1.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.122	−0.121%	$290K	$113K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.134	−0.019%	$118.8M	$440.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.135	−0.006%	$88.4M	$139.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.135	−0.006%	$20.0M	$119.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.134	−0.015%	$12.1M	$34.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.137	+0.012%	$48.4M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.138	+0.021%	$15.6M	$21.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.138	+0.021%	$33.4M	$49.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.133	−0.024%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.136	+0.003%	$356K	$499K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.151	+0.134%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.099	−0.330%	$351K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.104	−0.285%	$178K	$680K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.132	−0.033%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.148	+0.110%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.148	+0.110%	$12K	$702K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.140	+0.039%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.131	−0.042%	$361K	$853K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.130	−0.051%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.130	−0.048%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	11.136	long leg	$256K	—	3x
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.144	+0.075%	$904K	$5.6M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.130	−0.054%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0326%	1h	11.148	+0.110%	$43.4M	$43.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.137	+0.009%	$236K	—	120x	as long as short