AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h +0.113%

Price spread now: Kraken Futures against Deribit−0.027%7-day average +0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs+$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.551%+$55 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.027%, 7d avg +0.070%

Together, before fees+0.639%+$64 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.097% cheaper against Deribit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.070%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.551%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	10.691	−0.0031	get 0.0004% / 1h	39m 47s	$4.8M	$6.8M	25x
Short	Kraken Futures PF_AVAXUSD	10.688	−0.0185	pay 0.0023% / 1h	39m 47s	$3.8M	$11.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$32.36
Price spread: −0.027% → +0.070%: −$9.72
Slippage, 4 orders: −$13.88
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$72.97
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from Deribit: live order book, 4 min ago; Kraken Futures: live order book, 4 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 Deribit live order book, 4 min ago	0.93 bp	5.8 bp −$6	89.6 bp −$896	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	1.40 bp	11.4 bp −$11	21.8 bp −$218	59.4 bp −$5,943	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
Kraken Futures PF_AVAXUSDshort	−0.0185%	1h	10.688	−0.027%	$3.8M	$11.7M	50x
Nado AVAX-PERP	−0.0121%	1h	10.697	+0.051%	$281K	$330K	10x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.700	+0.088%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0031%	1h	10.691	long leg	$4.8M	$6.8M	25x
dYdX AVAX-USD	0.0000%	1h	10.707	+0.148%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.694	+0.030%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0005%	8h	10.685	−0.056%	$13.0M	$30.6M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.645%	$17K	$151K	12x	as long as short
Bybit AVAXUSDT	+0.0086%	8h	10.676	−0.140%	$81.5M	$141.1M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.695	+0.036%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.671	−0.187%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.688	−0.028%	$25K	$471K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.685	−0.056%	$36.7M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.685	−0.052%	$2.2M	$913K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.704	+0.118%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.678	−0.122%	$113.1M	$412.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.675	−0.150%	$18.7M	$108.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.681	−0.094%	$45.8M	$79.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.677	−0.131%	$13.7M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.670	−0.196%	$32.3M	$47.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.679	−0.112%	—	$54.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.689	−0.019%	$436K	$552K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.702	+0.104%	$343K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.705	+0.131%	$173K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.690	−0.009%	$134K	$329K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.698	+0.065%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.728	+0.346%	$12K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.688	−0.028%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.688	−0.033%	$325K	$873K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.691	0.000%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.679	−0.111%	$608K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.688	−0.028%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.702	+0.103%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.712	+0.196%	$853K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.685	−0.059%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.694	+0.026%	$226K	—	120x	as long as short