AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0284%/8h= −31.1% APRnext payment −$0.36 per $10,000 · paid last 24h −0.076%

Price spread now: Kraken Futures against Hyperliquid−0.099%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.099%, 7d avg −0.020%

Together, before fees−0.118%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Kraken Futures is 0.079% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.020%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.128% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 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	Hyperliquid AVAX	10.717	0.0100	pay 0.0013% / 1h	45m 43s	$36.8M	$43.4M	10x
Short	Kraken Futures PF_AVAXUSD	10.706	−0.0184	pay 0.0023% / 1h	45m 43s	$3.8M	$11.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. 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 HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now −0.099%Rate

Funding earned: −$59.71
Price spread: −0.099% → −0.020%: −$7.87
Slippage, 4 orders: −$19.66
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$106.24
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 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 Hyperliquid live order book, 8 min ago	1.87 bp	8.7 bp −$9	13.1 bp −$131	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	2.33 bp	11.6 bp −$12	18.6 bp −$186	59.2 bp −$5,919	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	−0.0184%	1h	10.706	−0.099%	$3.8M	$11.8M	50x
Nado AVAX-PERP	−0.0095%	1h	10.713	−0.037%	$281K	$332K	10x	as long as short
Variational Omni AVAX	−0.0075%	8h	10.705	−0.108%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.707	−0.095%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.709	−0.075%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.706	−0.103%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0009%	8h	10.703	−0.131%	$13.0M	$30.6M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.401%	$17K	$151K	12x	as long as short
Bybit AVAXUSDT	+0.0084%	8h	10.700	−0.159%	$81.6M	$141.8M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	10.709	−0.079%	$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	10.705	−0.113%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.711	−0.056%	$25K	$473K	50x	as long as short
Hyperliquid AVAXlong	+0.0100%	1h	10.717	long leg	$36.8M	$43.4M	10x
Aster AVAXUSDT	+0.0100%	8h	10.705	−0.110%	$2.2M	$969K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.708	−0.081%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.703	−0.127%	$113.2M	$414.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.701	−0.149%	$18.8M	$109.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.705	−0.112%	$46.1M	$79.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.703	−0.131%	$13.7M	$22.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.704	−0.121%	$32.4M	$47.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.702	−0.140%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.707	−0.093%	$436K	$555K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.714	−0.032%	$344K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.724	+0.065%	$173K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.714	−0.028%	$135K	$346K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.721	+0.037%	$232K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.738	+0.198%	$12K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.707	−0.093%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.709	−0.079%	$326K	$874K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.709	−0.075%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.699	−0.167%	$608K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.701	−0.149%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.711	−0.056%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.715	−0.019%	$853K	$4.8M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.708	−0.082%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.716	−0.012%	$226K	—	120x	as long as short