AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.065%

Price spread now: Extended against Coinbase International−0.068%7-day average −0.124% · 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−$27as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.269%−$27 on $10k

Price spread, last 3 days (all we have)+0.089%+$9 · spread now −0.068%, 7d avg −0.124%

Together, before fees−0.180%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.056% dearer against Coinbase International than usual: you sell high and buy low (spread −0.068% now, against its 7-day average of −0.124%): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	11.223	0.0280	pay 0.0035% / 1h	20m 34s	$912K	$7.8M	50x
Short	Extended AVAX-USD	11.215	0.0104	get 0.0013% / 1h	20m 34s	$669K	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 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 Coinbase InternationalbpFee ExtendedbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$36.96
Price spread: −0.068% → −0.124%: $5.63
Slippage, 4 orders: −$18.05
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$64.38
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Extended: 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	3.56 bp	13.0 bp −$13	17.8 bp −$178	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.89 bp	6.7 bp −$7	8.4 bp −$84	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	−0.1451%	1h	11.190	−0.294%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0196%	1h	11.214	−0.080%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0099%	1h	11.217	−0.049%	$296K	$878K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.227	+0.032%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.215	−0.071%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0088%	8h	11.220	−0.027%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.223	0.000%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.218	−0.045%	$18K	$667K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.220	−0.031%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.221	−0.018%	$2.3M	$1.7M	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	11.224	+0.012%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.218	−0.045%	$120.0M	$511.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.218	−0.045%	$89.3M	$154.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.218	−0.045%	$20.3M	$143.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.220	−0.027%	$12.5M	$40.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.220	−0.027%	$50.5M	$93.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.225	+0.018%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.220	−0.027%	$34.2M	$57.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.219	−0.036%	—	$86.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.221	−0.018%	$359K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.225	+0.015%	$351K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.227	+0.036%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.224	+0.009%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.223	0.000%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.243	+0.177%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.216	−0.062%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.225	+0.017%	$363K	$999K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.216	−0.062%	$30.1M	$4.9M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.215	−0.068%	$669K	$2.1M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.213	−0.092%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.221	−0.018%	$5.0M	$7.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.218	−0.044%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0271%	1h	11.221	−0.014%	$4.6M	$13.1M	50x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0280%	1h	11.223	long leg	$912K	$7.8M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0427% / S −0.0284%	1h	11.216	−0.064%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0804%	1h	11.244	+0.187%	$43.7M	$54.9M	10x	as long as short