AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0216%/8h= +23.7% APRnext payment +$0.27 per $10,000 · paid last 24h +0.150%

Price spread now: Coinbase International against Deribit+0.019%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs+$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.804%+$80 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.019%, 7d avg +0.086%

Together, before fees+0.840%+$84 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.067% cheaper against Deribit than usual: you would sell low and buy high (spread +0.019% now, against its 7-day average of +0.086%). If the spread goes back, that is −$7 on $10k: about 25 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	10.601	0	get 0.0000% / 1h	28m 38s	$4.7M	$7.5M	25x
Short	Coinbase International AVAX-PERP-INTX	10.603	0.0216	get 0.0027% / 1h	28m 38s	$831K	$4.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.019%Rate

Funding earned: $45.36
Price spread: +0.019% → +0.086%: −$6.73
Slippage, 4 orders: −$19.56
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $2.07
Costs to cover: 0.366%
Break-even: 6.7 days

Slippage from Deribit: live order book, just now; Coinbase International: live order book, 5 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 Deribit live order book, just now	0.94 bp	5.5 bp −$6	252.3 bp −$2,523	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.83 bp	13.0 bp −$13	17.8 bp −$178	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	−0.1423%	1h	10.760	+1.500%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0281%	1h	10.603	+0.015%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0051%	1h	10.599	−0.019%	$290K	$338K	10x	as long as short
Variational Omni AVAX	−0.0006%	8h	10.571	−0.284%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.582	−0.180%	$88K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUALlong	0.0000%	1h	10.601	long leg	$4.7M	$7.5M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.604	+0.028%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0024%	8h	10.583	−0.170%	$12.2M	$32.6M	75x	as long as short
Polymarket Perps AVAX-USD	+0.0084%	1h	10.604	+0.028%	$132K	$355K	10x	as long as short
Bybit AVAXUSDT	+0.0084%	8h	10.568	−0.311%	$78.1M	$144.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0096%	8h	10.577	−0.227%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.575	−0.248%	$1.1M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.605	+0.038%	$19K	$443K	50x	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.591	−0.094%	$369K	$561K	15x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.592	−0.085%	$37.8M	$43.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.580	−0.197%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.581	−0.188%	$266K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.576	−0.236%	$112.5M	$430.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.575	−0.245%	$18.6M	$111.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.575	−0.245%	$42.9M	$79.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.579	−0.208%	$13.2M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.574	−0.255%	$31.9M	$49.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.575	−0.245%	—	$54.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.586	−0.141%	$334K	$966K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.612	+0.104%	$171K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.603	+0.019%	$168K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.635	+0.317%	$12K	$756K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.596	−0.047%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.601	−0.005%	$344K	$803K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.599	−0.019%	$28.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.572	−0.278%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.600	−0.009%	$243K	—	3x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0216%	1h	10.603	+0.019%	$831K	$4.8M	50x
BloFin AVAX-USDT	+0.0220%	8h	10.591	−0.094%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.601	+0.004%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.605	+0.037%	$232K	—	120x	as long as short