AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.015%

Price spread now: Popdex against Coinbase International−0.373%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Coinbase International Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.086%−$9 on $10k

Price spread, last 3 days (all we have)+0.530%+$53 · spread now −0.373%, 7d avg −0.045%

Together, before fees+0.444%+$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Popdex is 0.328% cheaper against Coinbase International than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	11.259	0.0192	pay 0.0024% / 1h	5m 41s	$912K	$8.2M	50x
Short	Popdex AVAXUSDT	11.217	0.0096	get 0.0012% / 1h	5m 41s	$17K	$686K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.373%Rate

Funding earned: −$20.16
Price spread: −0.373% → −0.045%: −$32.8
Slippage, 4 orders: −$24.58
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$93.95
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Popdex: live order book, 13 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	4.00 bp	10.8 bp −$11	15.8 bp −$158	doesn't fit	doesn't fit
Sell Popdex live order book, 13 min ago	4.89 bp	9.6 bp −$10	24.5 bp −$245	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	−0.0570%	1h	11.170	−0.790%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.241	−0.160%	$5.3M	$9.1M	25x	as long as short
Nado AVAX-PERP	−0.0043%	1h	11.246	−0.115%	$297K	$892K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.214	−0.396%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.246	−0.118%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0019%	8h	11.219	−0.355%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.215	−0.390%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDTshort	+0.0096%	1h	11.217	−0.373%	$17K	$686K	50x
Paradex AVAX-USD-PERP	+0.0099%	8h	11.212	−0.413%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.216	−0.380%	$2.3M	$1.8M	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	11.216	−0.385%	$298K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.213	−0.409%	$120.0M	$524.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.213	−0.409%	$89.1M	$157.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.212	−0.417%	$20.2M	$145.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.213	−0.409%	$12.4M	$40.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.212	−0.417%	$51.2M	$100.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.220	−0.346%	$15.9M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.212	−0.417%	$34.2M	$60.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.214	−0.400%	—	$88.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.234	−0.222%	$359K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.242	−0.155%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.245	−0.124%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.252	−0.062%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.251	−0.071%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.281	+0.194%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.241	−0.160%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.242	−0.147%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.239	−0.178%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.211	−0.424%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.268	+0.080%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0192%	1h	11.259	long leg	$912K	$8.2M	50x
BloFin AVAX-USDT	+0.0220%	8h	11.243	−0.142%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.248	−0.102%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0412% / S −0.0260%	1h	11.245	−0.121%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0584%	1h	11.223	−0.320%	$43.4M	$56.6M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0629%	1h	11.248	−0.097%	$4.6M	$13.5M	50x	as long as short