AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%

Price spread now: Aevo against Backpack−0.065%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$886as in the Funding arb table

Net, price: spread back to 7d avg − costs−$902as in the Price arb table

costs, in and out, $10k−$9008.999% of the position

Long on Backpack Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.065%, 7d avg −0.039%

Together, before fees+0.134%+$13 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: Aevo is 0.026% cheaper against Backpack than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVAX_USDC_PERP	10.787	0.0100	pay 0.0013% / 1h	53m 04s	$439K	$531K	15x
Short	Aevo AVAX-PERP	10.780	0.0104	get 0.0013% / 1h	53m 04s	$248K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Backpack. 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 BackpackbpFee AevobpOrdersPrice spread, now −0.065%Rate

Funding earned: $0.84
Price spread: −0.065% → −0.039%: −$2.58
Slippage, 4 orders: −$873.86
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$901.6
Costs to cover: 8.999%
Break-even: 7520.4 days

Slippage from Backpack: live order book, 46 min ago; Aevo: live order book, 46 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 Backpack live order book, 46 min ago	0.47 bp	11.8 bp −$12	44.4 bp −$444	doesn't fit	doesn't fit
Sell Aevo live order book, 46 min ago	217.59 bp	444.7 bp −$445	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
Nado AVAX-PERP	−0.0344%	1h	10.783	−0.037%	$291K	$322K	10x	as long as short
Phemex AVAXUSDT	−0.0278%	8h	10.780	−0.065%	$28.8M	$5.7M	50x	as long as short
Kraken Futures PF_AVAXUSD	−0.0265%	1h	10.786	−0.011%	$3.8M	$11.6M	50x	as long as short
Variational Omni AVAX	−0.0075%	8h	10.715	−0.670%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0028%	1h	10.787	0.000%	$4.9M	$6.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.775	−0.111%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.761	−0.241%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.250%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0075%	8h	10.785	−0.019%	$13.5M	$28.5M	75x	as long as short
GRVT AVAX_USDT_Perp	+0.0081%	8h	10.709	−0.724%	$342K	$1.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AVAX-USD	+0.0088%	1h	10.784	−0.028%	$18K	$68K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	10.767	−0.185%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.783	−0.037%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.775	−0.111%	$25K	$464K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.793	+0.056%	$37.0M	$40.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.786	−0.009%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.773	−0.130%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.779	−0.071%	$114.1M	$400.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.776	−0.102%	$84.2M	$139.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.773	−0.130%	$18.9M	$107.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.786	−0.009%	$53.0M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.783	−0.037%	$13.9M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.781	−0.056%	$32.8M	$45.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.783	−0.037%	—	$53.2M	—	as long as short
Backpack AVAX_USDC_PERPlong	+0.0100%	1h	10.787	long leg	$439K	$531K	15x
ApeX Omni AVAXUSDT	+0.0100%	1h	10.713	−0.686%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.783	−0.037%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.794	+0.065%	$233K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.814	+0.254%	$11K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.800	+0.120%	$333K	$874K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.769	−0.169%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	10.780	−0.065%	$248K	—	3x
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.791	+0.037%	$845K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.781	−0.056%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.783	−0.034%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.787	0.000%	$228K	—	120x	as long as short