AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1478%/8h= +161.9% APRnext payment +$1.85 per $10,000 · paid last 24h +0.185%

Price spread now: Aevo against Injective+0.049%59s7-day average +0.227% · you sell dearer than you buy

Net, funding: paid 7d − costs−$799as 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−$8408.404% of the position

Long on Injective Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.410%+$41 on $10k

Price spread, last 3 days (all we have)−0.901%−$90 · spread now +0.049%, 7d avg +0.227%

Together, before fees−0.491%−$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 0.178% cheaper against Injective than usual: you would sell low and buy high (spread +0.049% now, against its 7-day average of +0.227%). If the spread goes back, that is −$18 on $10k: about 10 hours of funding at the current rate (+$44 a day). At the pace of the last 7 days (+0.410% in total) that is about 3.0 days. The two prices were read 59 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 0.410% in total (about 21.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.85 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	Injective AVAX/USDC PERP	11.130	−0.1374	get 0.0172% / 1h	58m 20s	$17K	$151K	12x
Short	Aevo AVAX-PERP	11.135	0.0104	get 0.0013% / 1h	58m 20s	$256K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Injective. 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 InjectivebpFee AevobpOrdersPrice spread, now +0.049%Rate

Funding earned: $310.42
Price spread: +0.049% → +0.227%: −$17.79
Slippage, 4 orders: −$824.4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$547.79
Costs to cover: 8.404%
Break-even: 19.4 days

Slippage from Injective: live order book, 5 min ago; Aevo: live order book, 6 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 Injective live order book, 5 min ago	31.40 bp	52.9 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 6 min ago	178.64 bp	388.0 bp −$388	doesn't fit	doesn't fit	doesn't fit

AVAX on 35 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 PERPlong	−0.1374%	1h	11.130	long leg	$17K	$151K	12x
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.136	+0.054%	$5.2M	$8.0M	25x	as long as short
Nado AVAX-PERP	−0.0023%	1h	11.149	+0.175%	$287K	$460K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.156	+0.230%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.142	+0.111%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.139	+0.079%	$4.3M	$11.6M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.138	+0.070%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.147	+0.153%	$15K	$567K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.159	+0.262%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.150	+0.182%	$2.3M	$1.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.160	+0.268%	$291K	$113K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.130	+0.001%	$118.8M	$441.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.127	−0.027%	$88.3M	$139.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.124	−0.054%	$20.1M	$120.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.145	+0.135%	$12.2M	$34.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.145	+0.135%	$48.7M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.155	+0.225%	$15.6M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.134	+0.036%	$33.4M	$49.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.143	+0.117%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.162	+0.288%	$357K	$500K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.156	+0.230%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	+0.180%	$352K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.154	+0.216%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.156	+0.234%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.147	+0.153%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.196	+0.594%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.137	+0.063%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.139	+0.076%	$362K	$854K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.135	+0.045%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.136	+0.053%	$675K	$1.6M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	11.135	+0.049%	$256K	—	3x
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.157	+0.243%	$904K	$5.6M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.142	+0.110%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0308%	1h	11.161	+0.279%	$43.4M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.141	+0.095%	$236K	—	120x	as long as short