AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.009%

Price spread now: Pacifica against Lighter+0.002%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.315% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.002%, 7d avg +0.030%

Together, before fees+0.189%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board+$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.028% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	11.103	0.0096	pay 0.0012% / 1h	46m 48s	$1.2M	$3.0M	10x
Short	Pacifica AVAX	11.103	0.0100	get 0.0013% / 1h	46m 48s	$295K	$107K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.002%Rate

Funding earned: $0.84
Price spread: +0.002% → +0.030%: −$2.8
Slippage, 4 orders: −$23.52
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$33.48
Costs to cover: 0.315%
Break-even: 286.0 days

Slippage from Lighter: live order book, 5 min ago; Pacifica: live order book, 21 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	3.14 bp	6.7 bp −$7	24.9 bp −$249	98.5 bp −$9,847	doesn't fit
Sell Pacifica live order book, 21 min ago	4.91 bp	12.5 bp −$12	22.8 bp −$228	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	−0.1423%	1h	11.050	−0.477%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.095	−0.072%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0018%	1h	11.105	+0.023%	$288K	$525K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.101	−0.021%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.106	+0.029%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0078%	8h	11.098	−0.045%	$12.1M	$36.4M	75x	as long as short
Lighter AVAXlong	+0.0096%	1h	11.103	long leg	$1.2M	$3.0M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.109	+0.054%	$18K	$601K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.110	+0.066%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.103	0.000%	$2.3M	$1.4M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAXshort	+0.0100%	1h	11.103	+0.002%	$295K	$107K	10x
Binance AVAXUSDT	+0.0100%	8h	11.101	−0.018%	$118.2M	$471.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.100	−0.027%	$88.3M	$146.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.099	−0.036%	$19.8M	$127.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.099	−0.036%	$48.6M	$82.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.099	−0.036%	$15.5M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.097	−0.054%	$33.4M	$52.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.100	−0.027%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.105	+0.018%	$355K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.107	+0.034%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.127	+0.216%	$353K	$807K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.129	+0.234%	$179K	$682K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.110	+0.063%	$130K	$369K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.111	+0.072%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.139	+0.323%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.102	−0.009%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.096	−0.062%	$361K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.105	+0.018%	$29.7M	$5.4M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.094	−0.084%	$668K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.093	−0.093%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.117	+0.126%	$5.0M	$6.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.105	+0.016%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.105	+0.016%	$4.3M	$12.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.108	+0.045%	$910K	$6.1M	50x	as long as short
Hyperliquid AVAX	+0.0422%	1h	11.119	+0.144%	$43.3M	$48.0M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.106	+0.027%	$236K	—	120x	as long as short