AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.131%

Price spread now: Lighter against Deribit+0.027%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs+$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$180.182% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.484%+$48 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now +0.027%, 7d avg −0.001%

Together, before fees+0.586%+ Points / potential airdropLighter: Season 3 · farm board+$59 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.028% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	10.924	0	get 0.0000% / 1h	20m 32s	$5.0M	$7.6M	25x
Short	Lighter AVAX	10.927	0.0096	get 0.0012% / 1h	20m 32s	$1.2M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.027%Rate

Funding earned: $20.16
Price spread: +0.027% → −0.001%: $2.82
Slippage, 4 orders: −$11.22
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.76
Costs to cover: 0.182%
Break-even: 5.3 days

Slippage from Deribit: live order book, 4 min ago; Lighter: live order book, 7 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, 4 min ago	1.37 bp	4.9 bp −$5	1342.4 bp −$13.4K	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	3.24 bp	4.5 bp −$4	12.1 bp −$121	83.3 bp −$8,330	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	−0.1421%	1h	10.860	−0.586%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.930	+0.051%	$96K	$96K	10x	as long as short
Deribit AVAX_USDC-PERPETUALlong	0.0000%	1h	10.924	long leg	$5.0M	$7.6M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.942	+0.166%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.927	+0.029%	$4.2M	$11.1M	50x	as long as short
Nado AVAX-PERP	+0.0032%	1h	10.936	+0.110%	$284K	$309K	10x	as long as short
Gate AVAX_USDT	+0.0089%	8h	10.938	+0.128%	$12.3M	$32.5M	75x	as long as short
Lighter AVAXshort	+0.0096%	1h	10.927	+0.027%	$1.2M	$2.7M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.940	+0.146%	$7K	$449K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.940	+0.151%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	10.936	+0.113%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.936	+0.111%	$275K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.941	+0.151%	$114.8M	$420.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.934	+0.092%	$82.8M	$138.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.938	+0.128%	$19.7M	$111.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.941	+0.156%	$45.5M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.942	+0.165%	$15.1M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.937	+0.119%	$32.9M	$47.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.938	+0.128%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.919	−0.046%	$371K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.916	−0.077%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.931	+0.064%	$352K	$953K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.931	+0.064%	$176K	$665K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.940	+0.146%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.930	+0.055%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.954	+0.272%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.924	0.000%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.924	−0.005%	$360K	$776K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.922	−0.018%	$29.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.933	+0.083%	$673K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.918	−0.054%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.923	−0.009%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.923	−0.009%	$890K	$4.8M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.937	+0.117%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0265%	1h	10.955	+0.284%	$42.0M	$40.3M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0279%	1h	10.943	+0.175%	$238K	—	120x	as long as short