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: Lighter against Pacifica−0.023%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

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

Long on Pacifica Short on Lighter

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)+0.018%+$2 · spread now −0.023%, 7d avg −0.030%

Together, before fees−0.168%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.127	0.0100	pay 0.0013% / 1h	48m 15s	$295K	$107K	10x
Short	Lighter AVAX	11.124	0.0096	get 0.0012% / 1h	48m 15s	$1.2M	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Pacifica. 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 PacificabpFee LighterbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$0.84
Price spread: −0.023% → −0.030%: $0.7
Slippage, 4 orders: −$23.52
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$31.66
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from Pacifica: live order book, 20 min ago; Lighter: live order book, 4 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 Pacifica live order book, 20 min ago	4.91 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	3.14 bp	3.2 bp −$3	14.7 bp −$147	95.2 bp −$9,515	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	11.090	−0.329%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0200%	1h	11.106	−0.186%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0032%	1h	11.104	−0.199%	$289K	$525K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.123	−0.035%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.106	−0.186%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0072%	8h	11.105	−0.195%	$12.1M	$36.4M	75x	as long as short
Lighter AVAXshort	+0.0096%	1h	11.124	−0.023%	$1.2M	$3.0M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.112	−0.132%	$18K	$600K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.117	−0.087%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.120	−0.062%	$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 AVAXlong	+0.0100%	1h	11.127	long leg	$295K	$107K	10x
Binance AVAXUSDT	+0.0100%	8h	11.105	−0.195%	$118.2M	$472.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.106	−0.186%	$88.4M	$146.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.110	−0.150%	$19.8M	$127.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.106	−0.186%	$48.6M	$82.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.117	−0.087%	$15.5M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.107	−0.177%	$33.4M	$52.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.107	−0.177%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.128	+0.012%	$356K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.107	−0.179%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.108	−0.169%	$353K	$844K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.112	−0.132%	$179K	$682K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.114	−0.114%	$130K	$369K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.113	−0.123%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.142	+0.136%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.104	−0.204%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.127	+0.008%	$362K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.126	−0.006%	$29.7M	$5.4M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.108	−0.171%	$668K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.101	−0.226%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.117	−0.087%	$5.0M	$6.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.101	−0.232%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.107	−0.175%	$4.3M	$12.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.112	−0.132%	$910K	$6.2M	50x	as long as short
Hyperliquid AVAX	+0.0417%	1h	11.120	−0.060%	$43.3M	$48.0M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.106	−0.187%	$236K	—	120x	as long as short