AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h +0.015%

Price spread now: Aevo against Kraken Futures−0.023%55s7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$819as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$8318.306% of the position

Long on Kraken Futures Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$11 on $10k

Price spread, last 3 days (all we have)−0.012%−$1 · spread now −0.023%, 7d avg −0.068%

Together, before fees+0.103%+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.046% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.023% now, against its 7-day average of −0.068%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 hours. Mind the row above: over the last 7 days funding on this pair paid +0.115%, so the current rate has only just turned against you. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	11.128	0.0216	pay 0.0027% / 1h	38m 21s	$4.3M	$12.8M	50x
Short	Aevo AVAX-PERP	11.126	0.0104	get 0.0013% / 1h	38m 21s	$256K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Kraken Futures. 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 Kraken FuturesbpFee AevobpOrdersPrice spread, now −0.023%Rate

Funding earned: −$23.55
Price spread: −0.023% → −0.068%: $4.57
Slippage, 4 orders: −$804.6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$849.59
Costs to cover: 8.306%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 6 min ago; Aevo: live order book, 36 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 Kraken Futures live order book, 6 min ago	4.05 bp	12.5 bp −$13	16.4 bp −$164	51.2 bp −$5,116	doesn't fit
Sell Aevo live order book, 36 min ago	190.29 bp	396.0 bp −$396	doesn't fit	doesn't fit	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
Injective AVAX/USDC PERP	−0.1363%	1h	11.100	−0.255%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0199%	1h	11.122	−0.058%	$5.3M	$8.7M	25x	as long as short
Nado AVAX-PERP	−0.0039%	1h	11.126	−0.022%	$292K	$840K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.130	+0.015%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.130	+0.012%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0015%	8h	11.127	−0.013%	$12.2M	$38.1M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.128	−0.004%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.126	−0.022%	$18K	$636K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.127	−0.009%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.131	+0.023%	$2.3M	$1.6M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.131	+0.023%	$296K	$106K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.127	−0.013%	$118.4M	$491.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.130	+0.014%	$88.6M	$150.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.129	+0.005%	$19.9M	$135.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.128	−0.004%	$48.9M	$88.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.132	+0.032%	$15.4M	$23.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.130	+0.014%	$33.7M	$55.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.126	−0.022%	—	$85.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.129	+0.005%	$356K	$558K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.127	−0.015%	$2.9M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.123	−0.047%	$358K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.126	−0.022%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.130	+0.014%	$131K	$376K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.136	+0.068%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.171	+0.385%	$12K	$728K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.124	−0.040%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.124	−0.036%	$360K	$963K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.127	−0.013%	$29.9M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.126	−0.020%	$666K	$2.1M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	11.126	−0.023%	$256K	—	3x
Kraken Futures PF_AVAXUSDlong	+0.0216%	1h	11.128	long leg	$4.3M	$12.8M	50x
BloFin AVAX-USDT	+0.0220%	8h	11.127	−0.013%	$5.0M	$6.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.126	−0.023%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.159	+0.275%	$907K	$7.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.128	−0.001%	$248K	—	120x	as long as short
Hyperliquid AVAX	+0.0653%	1h	11.146	+0.158%	$43.5M	$51.0M	10x	as long as short