Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0366%/8h= −40.0% APRpaid last 24h +0.017%

Price spread now: Kraken Futures against Binance−0.063%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.063%, 7d avg +0.045%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Kraken Futures is 0.109% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.045%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.057% in total (about -3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	10.772	0.0100	pay 0.0100% / 8h	7h 53m	$114.0M	$400.5M	75x
Short	Kraken Futures PF_AVAXUSD	10.765	−0.0266	pay 0.0033% / 1h	53m 44s	$3.8M	$11.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$76.77
Price spread: −0.063% → +0.045%: −$10.87
Slippage, 4 orders: −$23.06
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$130.7
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Kraken Futures: live order book, 5 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 Binance live order book, 5 min ago	0.47 bp	5.7 bp −$6	11.3 bp −$113	47.5 bp −$4,747	164.2 bp −$82.1K
Sell Kraken Futures live order book, 5 min ago	2.32 bp	13.8 bp −$14	21.0 bp −$210	60.3 bp −$6,033	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	−0.0323%	1h	10.771	−0.010%	$291K	$324K	10x	as long as short
Kraken Futures PF_AVAXUSDshort	−0.0266%	1h	10.765	−0.063%	$3.8M	$11.6M	50x
Variational Omni AVAX	−0.0075%	8h	10.715	−0.532%	$2.9M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.739	−0.306%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.766	−0.057%	$4.9M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.761	−0.103%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0011%	8h	10.768	−0.038%	$13.4M	$28.5M	75x	as long as short
GRVT AVAX_USDT_Perp	+0.0032%	8h	10.719	−0.493%	$345K	$1.2M	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.112%	$17K	$151K	12x	as long as short
Phemex AVAXUSDT	+0.0076%	8h	10.764	−0.075%	$28.7M	$5.7M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AVAX-USD	+0.0092%	1h	10.763	−0.084%	$18K	$68K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	10.768	−0.037%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.762	−0.094%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.773	+0.008%	$25K	$465K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.783	+0.101%	$37.1M	$40.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.774	+0.019%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.741	−0.287%	$270K	$128K	10x	as long as short
Binance AVAXUSDTlong	+0.0100%	8h	10.772	long leg	$114.0M	$400.5M	75x
Bybit AVAXUSDT	+0.0100%	8h	10.771	−0.010%	$84.2M	$139.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.772	−0.001%	$18.9M	$107.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.769	−0.029%	$52.9M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.770	−0.019%	$13.9M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.772	−0.001%	$32.8M	$45.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.772	−0.001%	—	$53.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.765	−0.066%	$438K	$532K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.722	−0.465%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.776	+0.036%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.773	+0.008%	$233K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.797	+0.234%	$12K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.762	−0.089%	$332K	$873K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.764	−0.076%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.759	−0.117%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.774	+0.018%	$841K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.724	−0.446%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.770	−0.021%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.772	−0.002%	$227K	—	120x	as long as short