AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0150%/8h= −16.4% APRnext payment −$1.50 per $10,000 · paid last 24h −0.040%

Price spread now: Gate against BloFin−0.261%273s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as 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−$470.471% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.272%−$27 on $10k

Price spread, last 3 days (all we have)+0.333%+$33 · spread now −0.261%, 7d avg −0.028%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.233% cheaper against BloFin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.028%). Swap the legs. The two prices were read 273 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	BloFin AVAX-USDT	11.117	0.0220	pay 0.0220% / 8h	6h 44m	$5.0M	$6.0M	100x
Short	Gate AVAX_USDT	11.088	0.0070	get 0.0070% / 8h	6h 44m	$12.1M	$36.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.261%Rate

Funding earned: −$31.5
Price spread: −0.261% → −0.028%: −$23.32
Slippage, 4 orders: −$20.13
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$101.95
Costs to cover: 0.471%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Gate: live order book, 4 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 BloFin live order book, 4 min ago	3.15 bp	9.7 bp −$10	14.7 bp −$147	39.7 bp −$3,970	doesn't fit
Sell Gate live order book, 4 min ago	1.35 bp	13.6 bp −$14	20.0 bp −$200	37.9 bp −$3,788	67.7 bp −$33.8K

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	11.050	−0.603%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0201%	1h	11.082	−0.315%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0034%	1h	11.101	−0.139%	$288K	$525K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.088	−0.262%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.086	−0.279%	$13K	—	150x	as long as short
Gate AVAX_USDTshort	+0.0070%	8h	11.088	−0.261%	$12.1M	$36.4M	75x
Lighter AVAX	+0.0096%	1h	11.086	−0.282%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.111	−0.054%	$18K	$596K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.089	−0.252%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.089	−0.248%	$2.3M	$1.4M	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	11.091	−0.232%	$294K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.109	−0.072%	$118.5M	$471.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.109	−0.072%	$88.4M	$146.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.110	−0.063%	$19.8M	$127.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.092	−0.225%	$48.5M	$82.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.094	−0.207%	$15.4M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.106	−0.099%	$33.4M	$52.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.102	−0.135%	—	$83.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.091	−0.234%	$355K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.094	−0.209%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.127	+0.090%	$353K	$807K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.113	−0.036%	$179K	$682K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.114	−0.027%	$130K	$369K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.091	−0.234%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.116	−0.012%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.086	−0.279%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.095	−0.193%	$360K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.090	−0.243%	$29.6M	$5.4M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.093	−0.219%	$668K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.080	−0.328%	$255K	—	3x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	11.117	long leg	$5.0M	$6.0M	100x
Reya AVAXRUSDPERP	+0.0244%	1h	11.105	−0.109%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.090	−0.240%	$4.3M	$12.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.093	−0.216%	$908K	$6.1M	50x	as long as short
Hyperliquid AVAX	+0.0415%	1h	11.102	−0.135%	$43.2M	$48.1M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.085	−0.284%	$235K	—	120x	as long as short