AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0263%/8h= −28.8% APRnext payment −$0.33 per $10,000 · paid last 24h +0.038%

Price spread now: Kraken Futures against dYdX−0.001%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$281as in the Funding arb table

Net, price: spread back to 7d avg − costs−$296as in the Price arb table

costs, in and out, $10k−$2912.912% of the position

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)−0.440%−$44 · spread now −0.001%, 7d avg +0.047%

Together, before fees−0.341%−$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 0.048% cheaper against dYdX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.047%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.098%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.098% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.33 per $10,000. 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	dYdX AVAX-USD	10.885	0	get 0.0000% / 1h	2m 10s	$93K	$111K	10x
Short	Kraken Futures PF_AVAXUSD	10.885	−0.0263	pay 0.0033% / 1h	2m 10s	$3.8M	$11.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. 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 dYdXbpFee Kraken FuturesbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$55.16
Price spread: −0.001% → +0.047%: −$4.82
Slippage, 4 orders: −$271.16
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$351.13
Costs to cover: 2.912%
Break-even: never at this rate

Slippage from dYdX: live order book, 32 min ago; Kraken Futures: live order book, 2 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 dYdX live order book, 32 min ago	81.97 bp	170.7 bp −$171	172.5 bp −$1,725	180.3 bp −$18.0K	194.8 bp −$97.4K
Sell Kraken Futures live order book, 2 min ago	2.29 bp	10.8 bp −$11	22.0 bp −$220	69.2 bp −$6,924	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	−0.0263%	1h	10.885	−0.001%	$3.8M	$11.5M	50x
Nado AVAX-PERP	−0.0148%	1h	10.879	−0.053%	$274K	$311K	10x	as long as short
Phemex AVAXUSDT	−0.0107%	8h	10.875	−0.094%	$29.0M	$5.6M	50x	as long as short
Variational Omni AVAX	−0.0092%	8h	10.907	+0.197%	$3.0M	$2.2M	—	as long as short
SoDEX AVAX-USD	−0.0069%	1h	10.879	−0.057%	$19K	$68K	10x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	10.885	long leg	$93K	$111K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.883	−0.021%	$4.9M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.880	−0.048%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.151%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0039%	8h	10.873	−0.113%	$14.1M	$29.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0091%	8h	10.880	−0.046%	$12K	$62	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.882	−0.029%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.875	−0.094%	$19K	$474K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.888	+0.025%	$36.1M	$39.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.883	−0.021%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.886	+0.008%	$274K	$127K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.878	−0.067%	$114.7M	$387.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.874	−0.103%	$84.9M	$135.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.877	−0.076%	$19.4M	$106.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.881	−0.039%	$54.9M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.875	−0.094%	$14.0M	$19.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.882	−0.030%	$33.1M	$44.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.881	−0.039%	—	$52.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.909	+0.218%	$440K	$528K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.915	+0.273%	$352K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.915	+0.273%	$175K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.881	−0.039%	$139K	$236K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.887	+0.016%	$235K	$221K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.899	+0.125%	$12K	$776K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.885	−0.004%	$336K	$869K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.876	−0.089%	$621K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.884	−0.011%	$250K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.891	+0.053%	$857K	$5.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.903	+0.163%	$4.7M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.875	−0.093%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.881	−0.040%	$230K	—	120x	as long as short