AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.027%

Price spread now: dYdX against Lighter+0.033%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs−$206as in the Price arb table

costs, in and out, $10k−$2092.094% of the position

Long on Lighter Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. dYdX is 0.033% dearer against Lighter than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.038% in total) that is about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	10.722	0.0096	pay 0.0012% / 1h	6m 25s	$1.2M	$2.6M	10x
Short	dYdX AVAX-USD	10.726	0	get 0.0000% / 1h	6m 25s	$89K	$117K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$20.16
Price spread: +0.033% → 0.000%: $3.3
Slippage, 4 orders: −$199.37
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$226.23
Costs to cover: 2.094%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; dYdX: live order book, 42 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, 6 min ago	4.85 bp	8.2 bp −$8	17.7 bp −$177	82.7 bp −$8,269	doesn't fit
Sell dYdX live order book, 42 min ago	92.37 bp	97.4 bp −$97	97.4 bp −$974	182.1 bp −$18.2K	548.2 bp −$274.1K

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	+0.354%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.738	+0.149%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0093%	1h	10.720	−0.023%	$285K	$340K	10x	as long as short
Variational Omni AVAX	−0.0032%	8h	10.728	+0.052%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USDshort	0.0000%	1h	10.726	+0.033%	$89K	$117K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.736	+0.131%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.734	+0.115%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0041%	8h	10.728	+0.056%	$12.5M	$33.1M	75x	as long as short
Bybit AVAXUSDT	+0.0080%	8h	10.730	+0.075%	$80.6M	$147.6M	75x	as long as short
Lighter AVAXlong	+0.0096%	1h	10.722	long leg	$1.2M	$2.6M	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.724	+0.019%	$19K	$431K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.721	−0.012%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.739	+0.159%	$37.7M	$44.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.729	+0.063%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.726	+0.037%	$269K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.735	+0.121%	$114.5M	$434.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.732	+0.093%	$18.9M	$114.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.733	+0.103%	$45.8M	$81.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.723	+0.009%	$13.2M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.733	+0.103%	$32.6M	$49.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.732	+0.093%	—	$54.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.715	−0.065%	$428K	$588K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.738	+0.148%	$346K	$988K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.742	+0.187%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.731	+0.084%	$136K	$356K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.740	+0.168%	$218K	$338K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.753	+0.288%	$12K	$767K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.733	+0.103%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.720	−0.023%	$343K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.717	−0.047%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.729	+0.070%	$612K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.736	+0.133%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.724	+0.019%	$934K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.719	−0.028%	$4.6M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.727	+0.042%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.734	+0.114%	$227K	—	120x	as long as short