Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h −0.016%

Price spread now: Kraken Futures against Bitget+0.053%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 3 days (all we have)−0.186%−$19 · spread now +0.053%, 7d avg +0.082%

Together, before fees−0.261%−$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.028% cheaper against Bitget than usual: you would sell low and buy high (spread +0.053% now, against its 7-day average of +0.082%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.076%, 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	Bitget AVAXUSDT	11.251	0.0100	pay 0.0100% / 8h	54m 10s	$34.3M	$59.6M	75x
Short	Kraken Futures PF_AVAXUSD	11.257	0.0270	get 0.0034% / 1h	54m 10s	$4.6M	$13.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.053%Rate

Funding earned: $35.64
Price spread: +0.053% → +0.082%: −$2.84
Slippage, 4 orders: −$18.32
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$7.52
Costs to cover: 0.403%
Break-even: 8.5 days

Slippage from Bitget: 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 Bitget live order book, 5 min ago	0.44 bp	8.2 bp −$8	15.3 bp −$153	27.4 bp −$2,736	doesn't fit
Sell Kraken Futures live order book, 5 min ago	2.22 bp	10.8 bp −$11	17.9 bp −$179	51.0 bp −$5,104	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	−0.453%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.249	−0.018%	$5.3M	$9.0M	25x	as long as short
Nado AVAX-PERP	−0.0098%	1h	11.247	−0.036%	$297K	$891K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.252	+0.008%	$104K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.250	−0.010%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0042%	8h	11.222	−0.258%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.251	0.000%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.251	0.000%	$18K	$677K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.244	−0.060%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.250	−0.009%	$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	11.255	+0.032%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.250	−0.009%	$120.3M	$521.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.250	−0.009%	$89.5M	$156.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.251	0.000%	$20.3M	$145.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.250	−0.009%	$12.5M	$39.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.250	−0.009%	$51.2M	$93.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.255	+0.036%	$15.8M	$24.4M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	11.251	long leg	$34.3M	$59.6M	75x
BingX AVAX-USDT	+0.0100%	8h	11.247	−0.036%	—	$87.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.246	−0.044%	$360K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.225	−0.230%	$358K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.225	−0.231%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.252	+0.009%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.256	+0.044%	$205K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.279	+0.247%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.249	−0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.248	−0.022%	$364K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.249	−0.018%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.248	−0.023%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.251	+0.002%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.242	−0.080%	$5.0M	$7.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.248	−0.026%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0270%	1h	11.257	+0.053%	$4.6M	$13.3M	50x
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.253	+0.018%	$918K	$8.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0416% / S −0.0266%	1h	11.248	−0.030%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0808%	1h	11.269	+0.160%	$43.6M	$55.2M	10x	as long as short