AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0206%/8h= −22.5% APRnext payment −$0.26 per $10,000 · paid last 24h −0.179%

Price spread now: Deribit against ApeX Omni−0.036%74s7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as 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−$380.382% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.639%−$64 on $10k

Price spread, last 3 days (all we have)−0.142%−$14 · spread now −0.036%, 7d avg −0.054%

Together, before fees−0.781%−$78 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	11.245	0.0100	pay 0.0013% / 1h	5m 44s	$181K	$686K	50x
Short	Deribit AVAX_USDC-PERPETUAL	11.241	−0.0106	pay 0.0013% / 1h	5m 44s	$5.3M	$9.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against ApeX Omni. 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 ApeX OmnibpFee DeribitbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$43.2
Price spread: −0.036% → −0.054%: $1.8
Slippage, 4 orders: −$21.2
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$79.6
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 13 min ago; Deribit: 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 ApeX Omni live order book, 13 min ago	5.77 bp	13.2 bp −$13	107.5 bp −$1,075	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	1.78 bp	5.3 bp −$5	17.4 bp −$174	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 PERP	−0.0570%	1h	11.170	−0.667%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0106%	1h	11.241	−0.036%	$5.3M	$9.1M	25x
Nado AVAX-PERP	−0.0043%	1h	11.246	+0.009%	$297K	$892K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.237	−0.069%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.246	+0.006%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0019%	8h	11.219	−0.231%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.215	−0.266%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.247	+0.018%	$17K	$686K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.235	−0.091%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.217	−0.246%	$2.3M	$1.8M	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	11.236	−0.080%	$298K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.208	−0.325%	$120.0M	$524.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.208	−0.329%	$89.0M	$157.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.207	−0.338%	$20.2M	$145.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.212	−0.293%	$12.4M	$40.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.211	−0.302%	$51.2M	$100.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.214	−0.276%	$15.9M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.209	−0.320%	$34.2M	$60.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.211	−0.302%	—	$88.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.234	−0.098%	$359K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.242	−0.031%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	11.245	long leg	$181K	$686K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.252	+0.062%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.251	+0.053%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.281	+0.318%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.241	−0.036%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.242	−0.022%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.239	−0.053%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.206	−0.349%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.268	+0.204%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.259	+0.124%	$912K	$8.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.243	−0.018%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.248	+0.022%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0412% / S −0.0260%	1h	11.245	+0.003%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0584%	1h	11.223	−0.196%	$43.4M	$56.6M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0629%	1h	11.248	+0.028%	$4.6M	$13.5M	50x	as long as short