Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h −0.011%

Price spread now: Kraken Futures against BingX−0.012%53s7-day average +0.079% · 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—prices read too far apart to compare

costs, in and out, $10k−$410.410% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 3 days (all we have)−0.096%−$10 · spread now −0.012%, 7d avg +0.079%

Together, before fees−0.176%−$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.091% cheaper against BingX than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.079%). If the spread goes back, that is −$9 on $10k: about 43 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.080%, so the current rate has only just turned in your favour. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDC	11.272	0.0100	pay 0.0100% / 8h	51m 21s	—	$6.5M	—
Short	Kraken Futures PF_AVAXUSD	11.271	0.0269	get 0.0034% / 1h	51m 21s	$4.6M	$13.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now −0.012%Rate

Funding earned: $35.57
Price spread: −0.012% → +0.079%: −$9.09
Slippage, 4 orders: −$21
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$14.52
Costs to cover: 0.410%
Break-even: 9.9 days

Slippage from BingX: live order book, 10 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 BingX live order book, 10 min ago	0.44 bp	9.7 bp −$10	27.2 bp −$272	84.8 bp −$8,478	465.0 bp −$232.5K
Sell Kraken Futures live order book, 3 min ago	2.66 bp	11.4 bp −$11	19.4 bp −$194	53.5 bp −$5,348	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	−0.1451%	1h	11.200	−0.639%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0105%	1h	11.265	−0.062%	$297K	$888K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.263	−0.080%	$5.3M	$9.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.266	−0.051%	$104K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.273	+0.008%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0042%	8h	11.222	−0.444%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.267	−0.042%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.272	0.000%	$18K	$677K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.264	−0.068%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.274	+0.021%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.268	−0.037%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.271	−0.009%	$120.5M	$520.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.273	+0.009%	$89.7M	$156.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.272	0.000%	$20.3M	$145.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.271	−0.009%	$12.3M	$40.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.272	0.000%	$51.4M	$93.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.278	+0.053%	$15.8M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.274	+0.018%	$34.4M	$59.4M	75x	as long as short
BingX AVAX-USDClong	+0.0100%	8h	11.272	long leg	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.265	−0.062%	$360K	$569K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.253	−0.170%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.266	−0.053%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.274	+0.018%	$134K	$457K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.281	+0.080%	$205K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.292	+0.175%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.265	−0.062%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.254	−0.156%	$364K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.266	−0.053%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.266	−0.051%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.259	−0.112%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.268	−0.035%	$5.0M	$7.8M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.270	−0.017%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0269%	1h	11.271	−0.012%	$4.6M	$13.3M	50x
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.293	+0.186%	$920K	$8.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0417% / S −0.0268%	1h	11.272	−0.002%	$238K	—	120x	as long as short
Hyperliquid AVAX	+0.0807%	1h	11.291	+0.169%	$43.7M	$55.2M	10x	as long as short