Settings8H · net · $10k
Funding arb · Price arb /

AVAX

all AVAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0155%/8h= +16.9% APRnext payment +$0.19 per $10,000 · paid last 24h −0.010%
Price spread now: Kraken Futures against ApeX Omni+0.142%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$520.518% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.115%−$11 on $10k
Price spread, last 3 days (all we have)−0.139%−$14 · spread now +0.142%, 7d avg +0.021%
Together, before fees−0.254%−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.121% dearer against ApeX Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni AVAXUSDT11.1060.0100pay 0.0013% / 1h4m 35s$178K$678K50x
ShortKraken Futures PF_AVAXUSD11.1220.0255get 0.0032% / 1h4m 35s$4.3M$11.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against ApeX Omni. 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

Funding earned
$32.46
Price spread: +0.142% → +0.021%
$12.09
Slippage, 4 orders
−$31.84
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$7.29
Costs to cover
0.518%
Break-even
8.6 days
Slippage from ApeX Omni: live order book, 64 min ago; Kraken Futures: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 64 min ago4.46 bp15.8 bp −$16115.3 bp −$1,153doesn't fitdoesn't fit
Sell Kraken Futures live order book, 4 min ago3.16 bp11.7 bp −$1219.9 bp −$19950.5 bp −$5,047doesn't fit

AVAX on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AVAX/USDC PERP−0.1423%1h11.060−0.414%$17K$151K12xas long as short
Nado AVAX-PERP−0.0039%1h11.116+0.086%$286K$475K10xas long as short
Deribit AVAX_USDC-PERPETUAL−0.0020%1h11.117+0.099%$5.2M$8.0M25xas long as short
dYdX AVAX-USD0.0000%1h11.130+0.212%$102K$91K10xas long as short
gTrade (Gains Network) AVAX/USDL +0.0002% / S −0.0003%1h11.122+0.148%$13K150xas long as short
Lighter AVAX+0.0096%1h11.139+0.302%$1.2M$3.0M10xas long as short
Popdex AVAXUSDT+0.0096%1h11.146+0.360%$16K$578K50xas long as short
Gate AVAX_USDT+0.0097%8h11.136+0.270%$12.2M$36.7M75xas long as short
Paradex AVAX-USD-PERP+0.0100%8h11.134+0.251%$13K$43420xas long as short
Aster AVAXUSDT+0.0100%8h11.124+0.165%$2.3M$1.3M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica AVAX+0.0100%1h11.141+0.318%$296K$107K10xas long as short
Binance AVAXUSDT+0.0100%8h11.140+0.306%$118.7M$445.9M75xas long as short
Bybit AVAXUSDT+0.0100%8h11.141+0.315%$88.5M$140.6M75xas long as short
OKX AVAX-USDT-SWAP+0.0100%8h11.144+0.342%$20.0M$121.3M50xas long as short
MEXC AVAX_USDT+0.0100%8h11.139+0.297%$48.7M$82.8M200xas long as short
KuCoin AVAXUSDTM+0.0100%8h11.138+0.288%$15.5M$22.1M75xas long as short
Bitget AVAXUSDT+0.0100%8h11.143+0.333%$33.5M$49.8M75xas long as short
BingX AVAX-USDC+0.0100%8h11.145+0.351%$6.5Mas long as short
Backpack AVAX_USDC_PERP+0.0100%1h11.120+0.126%$356K$502K15xas long as short
Variational Omni AVAX+0.0100%8h11.108+0.014%$2.9M$2.2Mas long as short
GRVT AVAX_USDT_Perp+0.0100%8h11.086−0.182%$354K$790K10xas long as short
ApeX Omni AVAXUSDTlong+0.0100%1h11.106long leg$178K$678K50x
Polymarket Perps AVAX-USD+0.0100%1h11.125+0.171%$131K$349K10xas long as short
Orderly PERP_AVAX_USDC+0.0100%8h11.125+0.171%$195K$313K20xas long as short
SunX AVAX-USDT+0.0100%8h11.153+0.422%$12K$709K20xas long as short
SoDEX AVAX-USD+0.0100%1h11.119+0.117%$19K$72K10xas long as short
HTX AVAX-USDT+0.0100%8h11.118+0.113%$361K$855K75xas long as short
Phemex AVAXUSDT+0.0100%8h11.116+0.090%$29.7M$5.6M50xas long as short
Extended AVAX-USD+0.0104%1h11.141+0.315%$671K$1.6M25xas long as short
Aevo AVAX-PERP+0.0104%1h11.114+0.072%$255K3xas long as short
Reya AVAXRUSDPERP+0.0244%1h11.121+0.132%$1K20xas long as short
Kraken Futures PF_AVAXUSDshort+0.0255%1h11.122+0.142%$4.3M$11.7M50x
Coinbase International AVAX-PERP-INTX+0.0288%1h11.125+0.171%$902K$5.7M50xas long as short
Hyperliquid AVAX+0.0385%1h11.140+0.306%$43.3M$44.8M10xas long as short
GMX AVAX/USD [AVAX-USDC]L +0.0436% / S −0.0295%1h11.121+0.138%$236K120xas long as short