Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0155%/8h= +17.0% APRpaid last 24h −0.021%

Price spread now: Kraken Futures against Aster+0.155%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$440.441% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 3 days (all we have)−0.315%−$31 · spread now +0.155%, 7d avg +0.060%

Together, before fees−0.402%+ Points / potential airdropAster: Stage 5 · farm board−$40 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 0.095% dearer against Aster than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.060%. Mind the row above: over the last 7 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.249	0.0100	pay 0.0100% / 8h	2h 31m	$2.3M	$1.9M	75x
Short	Kraken Futures PF_AVAXUSD	11.266	0.0255	get 0.0032% / 1h	31m 20s	$4.7M	$13.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now +0.155%Rate

Funding earned: $32.52
Price spread: +0.155% → +0.060%: $9.46
Slippage, 4 orders: −$26.12
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$2.14
Costs to cover: 0.441%
Break-even: 7.5 days

Slippage from Aster: live order book, 2 min ago; Kraken Futures: 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 Aster live order book, 2 min ago	1.78 bp	9.2 bp −$9	18.7 bp −$187	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	6.22 bp	13.6 bp −$14	22.1 bp −$221	57.5 bp −$5,754	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
Variational Omni AVAX	−0.0155%	8h	11.233	−0.141%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.245	−0.035%	$5.3M	$9.4M	25x	as long as short
Nado AVAX-PERP	−0.0103%	1h	11.247	−0.015%	$297K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.324%	$17K	$127K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.249	+0.004%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.250	+0.006%	$13K	—	150x	as long as short
Extended AVAX-USD	+0.0008%	1h	11.243	−0.052%	$669K	$2.3M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.257	+0.071%	$912K	$8.2M	50x	as long as short
Gate AVAX_USDT	+0.0057%	8h	11.249	0.000%	$12.6M	$39.9M	75x	as long as short
Phemex AVAXUSDT	+0.0058%	8h	11.240	−0.080%	$30.2M	$4.8M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AVAX-USDT-SWAP	+0.0058%	8h	11.244	−0.044%	$20.0M	$147.9M	50x	as long as short
MEXC AVAX_USDT	+0.0076%	8h	11.249	0.000%	$55.3M	$109.3M	200x	as long as short
Binance AVAXUSDT	+0.0078%	8h	11.247	−0.016%	$120.6M	$537.7M	75x	as long as short
Bybit AVAXUSDT	+0.0081%	8h	11.250	+0.009%	$86.8M	$152.8M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.245	−0.033%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.247	−0.018%	$9K	$701K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.246	−0.030%	$13K	$766	20x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.249	long leg	$2.3M	$1.9M	75x
Pacifica AVAX	+0.0100%	1h	11.250	+0.009%	$299K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.251	+0.018%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.249	0.000%	$34.6M	$61.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.248	−0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.246	−0.026%	$333K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.240	−0.084%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.238	−0.098%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.249	0.000%	$130K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.252	+0.027%	$202K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.276	+0.237%	$12K	$715K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.257	+0.071%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.243	−0.051%	$361K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.242	−0.062%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0195%	8h	11.241	−0.071%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.250	+0.008%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0255%	1h	11.266	+0.155%	$4.7M	$13.7M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.248	−0.011%	$243K	—	120x	as long as short
Hyperliquid AVAX	+0.0529%	1h	11.268	+0.169%	$43.6M	$58.4M	10x	as long as short