AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: Lighter against ApeX Omni−0.196%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.196%, 7d avg −0.067%

Together, before fees−0.230%+ Points / potential airdropLighter: Season 3 · farm board−$23 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: Lighter is 0.129% cheaper against ApeX Omni than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	10.743	0.0100	pay 0.0013% / 1h	1m 22s	$173K	$662K	50x
Short	Lighter AVAX	10.722	0.0096	get 0.0012% / 1h	1m 22s	$1.2M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.196%Rate

Funding earned: −$0.84
Price spread: −0.196% → −0.067%: −$12.89
Slippage, 4 orders: −$28
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$51.73
Costs to cover: 0.380%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 47 min ago; Lighter: live order book, 6 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, 47 min ago	5.66 bp	16.9 bp −$17	74.8 bp −$748	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	3.17 bp	3.5 bp −$3	11.1 bp −$111	87.1 bp −$8,714	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	−0.1423%	1h	10.760	+0.158%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.728	−0.141%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0104%	1h	10.721	−0.200%	$287K	$340K	10x	as long as short
Variational Omni AVAX	−0.0030%	8h	10.729	−0.134%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.725	−0.165%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.724	−0.177%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.722	−0.199%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0039%	8h	10.720	−0.214%	$12.6M	$33.3M	75x	as long as short
Bybit AVAXUSDT	+0.0085%	8h	10.720	−0.214%	$82.2M	$149.0M	75x	as long as short
Lighter AVAXshort	+0.0096%	1h	10.722	−0.196%	$1.2M	$2.6M	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.719	−0.223%	$23K	$436K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.718	−0.233%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.731	−0.112%	$37.6M	$44.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.722	−0.193%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.722	−0.192%	$268K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.720	−0.214%	$114.2M	$432.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.718	−0.233%	$18.8M	$114.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.721	−0.205%	$45.5M	$81.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.718	−0.233%	$13.3M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.721	−0.205%	$32.5M	$49.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.720	−0.214%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.728	−0.140%	$428K	$589K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.719	−0.223%	$345K	$1.0M	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	10.743	long leg	$173K	$662K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.722	−0.195%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.728	−0.140%	$231K	$351K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.744	+0.009%	$11K	$767K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.724	−0.177%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.725	−0.172%	$343K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.727	−0.149%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.713	−0.277%	$615K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.718	−0.233%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.738	−0.047%	$934K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.727	−0.149%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.718	−0.231%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.722	−0.195%	$227K	—	120x	as long as short