Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.029%

Price spread now: Kraken Futures against Gate−0.004%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$550.551% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.004%, 7d avg +0.055%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.059% cheaper against Gate than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.055%). If the spread goes back, that is −$6 on $10k: about 2.4 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.005% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	10.682	0.0030	pay 0.0030% / 8h	1h 35m	$12.7M	$32.2M	75x
Short	Kraken Futures PF_AVAXUSD	10.682	0.0113	get 0.0014% / 1h	35m 36s	$4.2M	$11.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now −0.004%Rate

Funding earned: $17.48
Price spread: −0.004% → +0.055%: −$5.94
Slippage, 4 orders: −$30.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$43.57
Costs to cover: 0.551%
Break-even: 24.4 days

Slippage from Gate: live order book, 3 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 Gate live order book, 3 min ago	1.40 bp	16.7 bp −$17	23.4 bp −$234	43.6 bp −$4,361	67.1 bp −$33.5K
Sell Kraken Futures live order book, 3 min ago	2.34 bp	12.4 bp −$12	19.3 bp −$193	56.3 bp −$5,628	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
Nado AVAX-PERP	−0.0169%	1h	10.681	−0.009%	$285K	$339K	10x	as long as short
Variational Omni AVAX	−0.0045%	8h	10.676	−0.060%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.682	−0.003%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.677	−0.047%	$4.8M	$7.2M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.677	−0.043%	$12K	—	150x	as long as short
Gate AVAX_USDTlong	+0.0030%	8h	10.682	long leg	$12.7M	$32.2M	75x
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.730%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0088%	8h	10.682	+0.002%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0092%	8h	10.676	−0.056%	$81.0M	$146.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.680	−0.021%	$1.2M	$2.5M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.679	−0.028%	$22K	$428K	50x	as long as short
SoDEX AVAX-USD	+0.0097%	1h	10.676	−0.056%	$18K	$72K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.690	+0.075%	$37.3M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.689	+0.064%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.686	+0.040%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.680	−0.018%	$113.4M	$425.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.674	−0.075%	$18.7M	$112.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.679	−0.028%	$45.3M	$80.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.683	+0.009%	$13.6M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.676	−0.056%	$32.3M	$48.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.678	−0.037%	—	$54.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.679	−0.028%	$435K	$565K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.699	+0.164%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.704	+0.206%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.677	−0.047%	$135K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.682	0.000%	$230K	$346K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.705	+0.212%	$11K	$765K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.668	−0.127%	$335K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.678	−0.037%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.672	−0.095%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.675	−0.066%	$245K	—	3x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0113%	1h	10.682	−0.004%	$4.2M	$11.3M	50x
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.694	+0.112%	$930K	$5.0M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.690	+0.075%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.669	−0.118%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.678	−0.037%	$226K	—	120x	as long as short