AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.107%

Price spread now: Deribit against Lighter−0.076%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.498%−$50 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.076%, 7d avg +0.001%

Together, before fees−0.512%+ Points / potential airdropLighter: Season 3 · farm board−$51 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 Deribit is 0.076% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	10.721	0.0096	pay 0.0012% / 1h	16m 45s	$1.2M	$2.4M	10x
Short	Deribit AVAX_USDC-PERPETUAL	10.713	0	get 0.0000% / 1h	16m 45s	$4.8M	$6.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Lighter. 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 LighterbpFee DeribitbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$20.16
Price spread: −0.076% → +0.001%: −$7.61
Slippage, 4 orders: −$11.31
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$46.08
Costs to cover: 0.183%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Deribit: live order book, 2 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 Lighter live order book, 5 min ago	2.62 bp	2.8 bp −$3	10.6 bp −$106	86.4 bp −$8,639	doesn't fit
Sell Deribit live order book, 2 min ago	1.40 bp	7.0 bp −$7	49.5 bp −$495	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
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.713	−0.075%	$3.8M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0176%	1h	10.704	−0.164%	$289K	$329K	10x	as long as short
Variational Omni AVAX	−0.0077%	8h	10.667	−0.508%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.723	+0.016%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUALshort	0.0000%	1h	10.713	−0.076%	$4.8M	$6.8M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.712	−0.081%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0011%	8h	10.719	−0.020%	$13.2M	$30.8M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.363%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0091%	8h	10.721	−0.001%	$12K	$212	20x	as long as short
Lighter AVAXlong	+0.0096%	1h	10.721	long leg	$1.2M	$2.4M	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.703	−0.169%	$25K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.730	+0.083%	$36.8M	$41.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.722	+0.007%	$2.2M	$896K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.725	+0.036%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.722	+0.004%	$113.4M	$406.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.717	−0.038%	$81.9M	$139.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.716	−0.048%	$18.8M	$108.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.721	−0.001%	$52.8M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.717	−0.038%	$13.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.720	−0.010%	$32.5M	$46.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.721	−0.001%	—	$53.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.719	−0.020%	$437K	$547K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.702	−0.178%	$344K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.703	−0.169%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.706	−0.141%	$134K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.719	−0.020%	$232K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.734	+0.121%	$12K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.711	−0.094%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.725	+0.040%	$326K	$863K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.713	−0.076%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.715	−0.055%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.710	−0.099%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.705	−0.150%	$4.7M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.712	−0.085%	$851K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.705	−0.152%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.711	−0.090%	$226K	—	120x	as long as short