AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0298%/8h= −32.7% APRnext payment −$0.37 per $10,000 · paid last 24h +0.291%

Price spread now: Kraken Futures against Injective+0.240%7-day average +0.272% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1101.095% of the position

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.401%+$40 on $10k

Price spread, last 4 days (all we have)−1.073%−$107 · spread now +0.240%, 7d avg +0.272%

Together, before fees−0.672%−$67 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 0.032% cheaper against Injective than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.272%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.401%, 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	Injective AVAX/USDC PERP	10.760	0.0033	pay 0.0004% / 1h	52m 37s	$17K	$151K	12x
Short	Kraken Futures PF_AVAXUSD	10.786	−0.0265	pay 0.0033% / 1h	52m 37s	$3.8M	$11.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now +0.240%Rate

Funding earned: −$62.66
Price spread: +0.240% → +0.272%: −$3.2
Slippage, 4 orders: −$99.51
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$175.4
Costs to cover: 1.095%
Break-even: never at this rate

Slippage from Injective: live order book, 46 min ago; Kraken Futures: live order book, 1 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 Injective live order book, 46 min ago	28.12 bp	56.1 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	1.86 bp	12.5 bp −$13	20.0 bp −$200	56.1 bp −$5,610	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	−0.0344%	1h	10.783	+0.214%	$291K	$322K	10x	as long as short
Phemex AVAXUSDT	−0.0278%	8h	10.780	+0.186%	$28.8M	$5.7M	50x	as long as short
Kraken Futures PF_AVAXUSDshort	−0.0265%	1h	10.786	+0.240%	$3.8M	$11.6M	50x
Gate AVAX_USDT	−0.0148%	8h	10.766	+0.056%	$13.4M	$28.5M	75x	as long as short
Variational Omni AVAX	−0.0075%	8h	10.715	−0.421%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0028%	1h	10.787	+0.251%	$4.9M	$6.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.769	+0.085%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.761	+0.009%	$12K	—	150x	as long as short
Injective AVAX/USDC PERPlong	+0.0033%	1h	10.760	long leg	$17K	$151K	12x
GRVT AVAX_USDT_Perp	+0.0081%	8h	10.709	−0.475%	$342K	$1.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AVAX-USD	+0.0088%	1h	10.784	+0.223%	$18K	$68K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	10.761	+0.012%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.764	+0.034%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.766	+0.056%	$25K	$464K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.777	+0.155%	$37.0M	$40.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.773	+0.120%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.772	+0.107%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.764	+0.037%	$113.9M	$399.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.765	+0.046%	$84.1M	$139.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.770	+0.093%	$18.9M	$107.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.764	+0.037%	$52.8M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.769	+0.084%	$13.9M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.766	+0.056%	$32.7M	$45.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.769	+0.084%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.787	+0.251%	$439K	$531K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.713	−0.437%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.783	+0.214%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.794	+0.316%	$233K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.814	+0.506%	$11K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.800	+0.371%	$333K	$874K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.769	+0.082%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.780	+0.186%	$248K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.791	+0.288%	$845K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.781	+0.195%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.783	+0.217%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.787	+0.251%	$228K	—	120x	as long as short