Funding you earn now, next payment 23:00 UTC−0.0520%/8h= −56.9% APRnext payment −$0.65 per $10,000 · paid last 24h −0.068%
Price spread now: ApeX Omni against Hyperliquid+0.140%85s7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.379% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 3 days (all we have)+0.166%+$17 · spread now +0.140%, 7d avg −0.010%
=Together, before fees+0.193%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.151% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of −0.010%): +$15 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 23 hours. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.65 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid AVAX | 11.254 | 0.0620 | pay 0.0077% / 1h | 26m 06s | $43.6M | $57.2M | 10x |
| Short | ApeX Omni AVAXUSDT | 11.270 | 0.0100 | get 0.0013% / 1h | 26m 06s | $181K | $685K | 50x |
Hyperliquid AVAX
ApeX Omni AVAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Hyperliquid. 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
- −$109.16
- Price spread: +0.140% → −0.010%
- $15.05
- Slippage, 4 orders
- −$18.92
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$132.02
- Costs to cover
- 0.379%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; ApeX Omni: live order book, 57 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 Hyperliquid live order book, 7 min ago | 0.44 bp | 5.7 bp −$6 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 57 min ago | 5.74 bp | 13.1 bp −$13 | 104.9 bp −$1,049 | 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 | 11.210 | −0.393% | $17K | $151K | 12x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0284% | 1h | 11.236 | −0.162% | $5.3M | $9.2M | 25x | as long as short |
| Nado AVAX-PERP | −0.0028% | 1h | 11.239 | −0.135% | $296K | $895K | 10x | as long as short |
| Variational Omni AVAX | −0.0016% | 8h | 11.259 | +0.043% | $3.0M | $2.4M | — | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 11.248 | −0.055% | $103K | $112K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0004% | 1h | 11.246 | −0.073% | $16K | — | 150x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 11.238 | −0.144% | $1.2M | $3.3M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 11.243 | −0.100% | $17K | $691K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0099% | 8h | 11.238 | −0.145% | $13K | $766 | 20x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 11.241 | −0.114% | $2.3M | $1.8M | 75x | as long as short |
Injective AVAX/USDC PERP
Deribit AVAX_USDC-PERPETUAL
Nado AVAX-PERP
Variational Omni AVAX
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Lighter AVAX
Popdex AVAXUSDT
Paradex AVAX-USD-PERP
Aster AVAXUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica AVAX | +0.0100% | 1h | 11.250 | −0.033% | $299K | $120K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 11.238 | −0.144% | $120.3M | $526.1M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 11.237 | −0.153% | $88.7M | $157.5M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 11.240 | −0.126% | $20.3M | $146.3M | 50x | as long as short |
| Gate AVAX_USDT | +0.0100% | 8h | 11.238 | −0.144% | $12.3M | $40.4M | 75x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 11.238 | −0.144% | $52.2M | $100.1M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 11.246 | −0.073% | $16.1M | $24.7M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 11.235 | −0.171% | $34.1M | $60.2M | 75x | as long as short |
| BingX AVAX-USDC | +0.0100% | 8h | 11.236 | −0.162% | — | $6.5M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 11.236 | −0.162% | $360K | $570K | 15x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 11.266 | +0.103% | $360K | $877K | 10x | as long as short |
| ApeX Omni AVAXUSDTshort | +0.0100% | 1h | 11.270 | +0.140% | $181K | $685K | 50x | |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 11.247 | −0.064% | $134K | $459K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 11.252 | −0.020% | $202K | $301K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.274 | +0.173% | $12K | $731K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 11.238 | −0.144% | $19K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 11.242 | −0.113% | $362K | $1.1M | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 11.239 | −0.135% | $30.2M | $5.0M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 11.236 | −0.166% | $673K | $2.2M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 11.236 | −0.159% | $258K | — | 3x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0192% | 1h | 11.255 | +0.007% | $909K | $8.3M | 50x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 11.258 | +0.034% | $5.0M | $8.0M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 11.241 | −0.117% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0405% / S −0.0249% | 1h | 11.245 | −0.079% | $237K | — | 120x | as long as short |
| Hyperliquid AVAXlong | +0.0620% | 1h | 11.254 | long leg | $43.6M | $57.2M | 10x | |
| Kraken Futures PF_AVAXUSD | +0.0629% | 1h | 11.245 | −0.085% | $4.6M | $13.5M | 50x | as long as short |
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
Gate AVAX_USDT
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDC
Backpack AVAX_USDC_PERP
GRVT AVAX_USDT_Perp
Polymarket Perps AVAX-USD
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Aevo AVAX-PERP
Coinbase International AVAX-PERP-INTX
BloFin AVAX-USDT
Reya AVAXRUSDPERP
GMX AVAX/USD [AVAX-USDC]
Kraken Futures PF_AVAXUSD