AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0212%/8h= −23.3% APRnext payment −$0.27 per $10,000 · paid last 24h −0.024%

Price spread now: Kraken Futures against Coinbase International−0.065%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

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

costs, in and out, $10k−$490.492% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.065%, 7d avg −0.012%

Together, before fees−0.166%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.053% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	11.001	0.0232	pay 0.0029% / 1h	53m 39s	$896K	$5.2M	50x
Short	Kraken Futures PF_AVAXUSD	10.994	0.0020	get 0.0002% / 1h	53m 39s	$4.3M	$11.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$44.61
Price spread: −0.065% → −0.012%: −$5.3
Slippage, 4 orders: −$29.16
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$99.07
Costs to cover: 0.492%
Break-even: never at this rate

Slippage from Coinbase International: 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 Coinbase International live order book, 5 min ago	2.73 bp	13.8 bp −$14	21.9 bp −$219	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	2.27 bp	13.3 bp −$13	17.7 bp −$177	54.1 bp −$5,406	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	−0.1421%	1h	10.940	−0.554%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.992	−0.082%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0004%	1h	11.007	+0.050%	$286K	$318K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.996	−0.045%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.996	−0.045%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0020%	1h	10.994	−0.065%	$4.3M	$11.3M	50x
Lighter AVAX	+0.0096%	1h	10.995	−0.055%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.009	+0.073%	$15K	$457K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.999	−0.015%	$12K	$378	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.999	−0.021%	$2.2M	$1.1M	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	11.001	+0.002%	$277K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.008	+0.067%	$116.2M	$428.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.009	+0.073%	$84.3M	$140.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.017	+0.145%	$20.2M	$114.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.993	−0.073%	$12.1M	$32.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.000	−0.009%	$46.0M	$78.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.999	−0.018%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.000	−0.009%	$33.1M	$47.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.996	−0.045%	—	$75.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.991	−0.091%	$368K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.987	−0.131%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.988	−0.118%	$345K	$891K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.012	+0.100%	$177K	$670K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.996	−0.045%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.000	−0.009%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.027	+0.238%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.992	−0.082%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.998	−0.023%	$366K	$811K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.992	−0.082%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.991	−0.087%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.989	−0.114%	$252K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.024	+0.209%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0232%	1h	11.001	long leg	$896K	$5.2M	50x
Reya AVAXRUSDPERP	+0.0244%	1h	10.984	−0.157%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0349%	1h	11.008	+0.064%	$42.7M	$41.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.993	−0.069%	$233K	—	120x	as long as short