Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.041%
Price spread now: Binance against Coinbase International−0.121%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$390.389% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)+0.229%+$23 · spread now −0.121%, 7d avg −0.060%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.062% cheaper against Coinbase International than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.060%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International AVAX-PERP-INTX | 10.724 | 0.0200 | pay 0.0025% / 1h | 55m 32s | $933K | $5.1M | 50x |
| Short | Binance AVAXUSDT | 10.711 | 0.0100 | get 0.0100% / 8h | 1h 55m | $113.9M | $432.2M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.121% → −0.060%
- −$6.17
- Slippage, 4 orders
- −$18.86
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$66.03
- Costs to cover
- 0.389%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Binance: 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 Coinbase International live order book, 3 min ago | 5.12 bp | 12.5 bp −$12 | 19.2 bp −$192 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.47 bp | 6.9 bp −$7 | 12.7 bp −$127 | 38.1 bp −$3,810 | 134.1 bp −$67.0K |
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 | −0.0251% | 1h | 10.709 | −0.145% | $287K | $340K | 10x | as long as short |
| Variational Omni AVAX | −0.0033% | 8h | 10.709 | −0.143% | $2.8M | $2.1M | — | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 10.713 | −0.103% | $89K | $117K | 10x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | 0.0000% | 1h | 10.710 | −0.131% | $4.8M | $7.5M | 25x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 10.712 | −0.112% | $12K | — | 150x | as long as short |
| Injective AVAX/USDC PERP | +0.0033% | 1h | 10.760 | +0.336% | $17K | $152K | 12x | as long as short |
| Gate AVAX_USDT | +0.0035% | 8h | 10.713 | −0.103% | $12.7M | $31.9M | 75x | as long as short |
| SoDEX AVAX-USD | +0.0039% | 1h | 10.707 | −0.159% | $18K | $72K | 10x | as long as short |
| Bybit AVAXUSDT | +0.0091% | 8h | 10.709 | −0.140% | $81.9M | $148.0M | 75x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 10.715 | −0.084% | $1.2M | $2.5M | 10x | as long as short |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex AVAXUSDT | +0.0096% | 1h | 10.711 | −0.121% | $23K | $437K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0097% | 8h | 10.714 | −0.090% | $12K | $212 | 20x | as long as short |
| Hyperliquid AVAX | +0.0100% | 1h | 10.726 | +0.019% | $37.6M | $44.7M | 10x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 10.710 | −0.129% | $2.2M | $1.0M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 10.717 | −0.065% | $269K | $132K | 10x | as long as short |
| Binance AVAXUSDTshort | +0.0100% | 8h | 10.711 | −0.121% | $113.9M | $432.2M | 75x | |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 10.710 | −0.131% | $18.8M | $113.6M | 50x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 10.715 | −0.084% | $45.2M | $80.2M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 10.714 | −0.093% | $13.6M | $23.0M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 10.711 | −0.121% | $32.5M | $49.2M | 75x | as long as short |
| BingX AVAX-USDC | +0.0100% | 8h | 10.711 | −0.121% | — | $6.5M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 10.712 | −0.112% | $428K | $564K | 15x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 10.716 | −0.071% | $336K | $1.0M | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 10.720 | −0.037% | $173K | $663K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 10.713 | −0.103% | $136K | $354K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 10.716 | −0.075% | $230K | $351K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 10.742 | +0.169% | $11K | $767K | 20x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 10.706 | −0.173% | $343K | $879K | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 10.705 | −0.177% | $28.6M | $5.8M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 10.705 | −0.175% | $612K | $1.5M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 10.707 | −0.163% | $246K | — | 3x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0113% | 1h | 10.709 | −0.139% | $4.2M | $11.5M | 50x | as long as short |
| Coinbase International AVAX-PERP-INTXlong | +0.0200% | 1h | 10.724 | long leg | $933K | $5.1M | 50x | |
| BloFin AVAX-USDT | +0.0220% | 8h | 10.712 | −0.112% | $4.7M | $5.7M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0245% | 1h | 10.709 | −0.142% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0444% / S −0.0295% | 1h | 10.712 | −0.110% | $227K | — | 120x | as long as short |
Coinbase International AVAX-PERP-INTX
Binance AVAXUSDT
Variational Omni AVAX
Deribit AVAX_USDC-PERPETUAL
gTrade (Gains Network) AVAX/USD
Injective AVAX/USDC PERP
Gate AVAX_USDT
SoDEX AVAX-USD
Bybit AVAXUSDT
Lighter AVAX
Popdex AVAXUSDT
Paradex AVAX-USD-PERP
Hyperliquid AVAX
Aster AVAXUSDT
Pacifica AVAX
OKX AVAX-USDT-SWAP
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDC
Backpack AVAX_USDC_PERP
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
SunX AVAX-USDT
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Kraken Futures PF_AVAXUSD
BloFin AVAX-USDT
GMX AVAX/USD [AVAX-USDC]