AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.114%

Price spread now: Deribit against Popdex+0.075%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on Popdex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.525%−$52 on $10k

Price spread, last 4 days (all we have)−0.222%−$22 · spread now +0.075%, 7d avg −0.036%

Together, before fees−0.747%−$75 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.111% dearer against Popdex than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of −0.036%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 4 days (−0.525% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	10.682	0.0096	pay 0.0012% / 1h	46m 12s	$23K	$427K	50x
Short	Deribit AVAX_USDC-PERPETUAL	10.690	0	get 0.0000% / 1h	46m 12s	$4.8M	$7.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Popdex. 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 PopdexbpFee DeribitbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$20.16
Price spread: +0.075% → −0.036%: $11.13
Slippage, 4 orders: −$12.03
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$34.46
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from Popdex: live order book, 63 min ago; Deribit: live order book, 3 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 Popdex live order book, 63 min ago	1.89 bp	7.9 bp −$8	19.2 bp −$192	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	1.40 bp	4.9 bp −$5	22.4 bp −$224	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
Nado AVAX-PERP	−0.0193%	1h	10.679	−0.028%	$286K	$338K	10x	as long as short
Variational Omni AVAX	−0.0038%	8h	10.723	+0.381%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.685	+0.027%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUALshort	0.0000%	1h	10.690	+0.075%	$4.8M	$7.2M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.690	+0.073%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0033%	8h	10.689	+0.066%	$12.7M	$32.1M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.730%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0063%	1h	10.686	+0.037%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.686	+0.033%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0094%	8h	10.684	+0.019%	$81.4M	$147.3M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.687	+0.046%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDTlong	+0.0096%	1h	10.682	long leg	$23K	$427K	50x
Hyperliquid AVAX	+0.0100%	1h	10.697	+0.140%	$37.4M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.692	+0.091%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.686	+0.037%	$268K	$132K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.686	+0.037%	$113.7M	$427.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.685	+0.028%	$18.7M	$112.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.687	+0.047%	$44.6M	$80.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.686	+0.037%	$13.6M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.684	+0.019%	$32.3M	$48.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.685	+0.028%	—	$54.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.690	+0.075%	$427K	$561K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.716	+0.315%	$340K	$1.0M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.718	+0.337%	$173K	$664K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.682	0.000%	$135K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.694	+0.112%	$230K	$351K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.711	+0.271%	$12K	$764K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.685	+0.033%	$342K	$873K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.686	+0.037%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.682	+0.001%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.686	+0.035%	$245K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.692	+0.092%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.734	+0.487%	$934K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.684	+0.019%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.677	−0.044%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.688	+0.058%	$226K	—	120x	as long as short