AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0153%/8h= −16.7% APRnext payment −$0.19 per $10,000 · paid last 24h +0.026%

Price spread now: ApeX Omni against Kraken Futures−0.379%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$500.504% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$13 on $10k

Price spread, last 3 days (all we have)+0.550%+$55 · spread now −0.379%, 7d avg −0.020%

Together, before fees+0.675%+$68 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and ApeX Omni is 0.358% cheaper against Kraken Futures than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.125%, 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	Kraken Futures PF_AVAXUSD	11.368	0.0253	pay 0.0032% / 1h	6m 51s	$4.6M	$13.6M	50x
Short	ApeX Omni AVAXUSDT	11.325	0.0100	get 0.0013% / 1h	6m 51s	$183K	$682K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.379%Rate

Funding earned: −$32.04
Price spread: −0.379% → −0.020%: −$35.82
Slippage, 4 orders: −$30.36
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$118.22
Costs to cover: 0.504%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; ApeX Omni: live order book, 17 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, 2 min ago	4.85 bp	10.5 bp −$10	13.2 bp −$132	50.6 bp −$5,063	doesn't fit
Sell ApeX Omni live order book, 17 min ago	5.74 bp	13.1 bp −$13	104.9 bp −$1,049	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
Variational Omni AVAX	−0.0092%	8h	11.306	−0.544%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0081%	1h	11.373	+0.048%	$300K	$958K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.320	−0.423%	$17K	$152K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0014%	1h	11.367	−0.009%	$5.4M	$9.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.349	−0.168%	$100K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.370	+0.013%	$16K	—	150x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.339	−0.255%	$995K	$8.4M	50x	as long as short
Gate AVAX_USDT	+0.0067%	8h	11.357	−0.097%	$12.7M	$40.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0090%	8h	11.341	−0.238%	$20.4M	$149.6M	50x	as long as short
Phemex AVAXUSDT	+0.0095%	8h	11.366	−0.018%	$30.4M	$4.9M	50x	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	11.359	−0.083%	$1.3M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.373	+0.044%	$13K	$704K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.371	+0.029%	$13K	$766	20x	as long as short
MEXC AVAX_USDT	+0.0099%	8h	11.354	−0.123%	$55.8M	$110.5M	200x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.359	−0.076%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.375	+0.065%	$302K	$121K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.345	−0.205%	$121.8M	$537.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.343	−0.220%	$91.3M	$156.3M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.368	0.000%	$16.5M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.358	−0.088%	$35.0M	$61.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.355	−0.115%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.368	0.000%	$340K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.320	−0.424%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.325	−0.379%	$183K	$682K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.372	+0.035%	$135K	$484K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.374	+0.052%	$205K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.399	+0.268%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.365	−0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.368	+0.003%	$365K	$1.1M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.356	−0.103%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.361	−0.064%	$261K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.368	0.000%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.366	−0.015%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0253%	1h	11.368	long leg	$4.6M	$13.6M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.369	+0.008%	$245K	—	120x	as long as short
Hyperliquid AVAX	+0.0684%	1h	11.377	+0.079%	$44.2M	$58.5M	10x	as long as short