Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0154%/8h= −16.9% APRpaid last 24h +0.005%

Price spread now: Aster against Kraken Futures+0.030%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now +0.030%, 7d avg −0.059%

Together, before fees+0.079%+ Points / potential airdropAster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.089% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.059%): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 46 hours. Mind the row above: over the last 7 days funding on this pair paid +0.077%, 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	11.131	0.0254	pay 0.0032% / 1h	49m 43s	$4.3M	$12.3M	50x
Short	Aster AVAXUSDT	11.134	0.0100	get 0.0100% / 8h	6h 49m	$2.3M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$32.41
Price spread: +0.030% → −0.059%: $8.9
Slippage, 4 orders: −$26.3
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$67.81
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Aster: live order book, 4 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, 4 min ago	4.06 bp	15.3 bp −$15	20.8 bp −$208	65.3 bp −$6,526	doesn't fit
Sell Aster live order book, 4 min ago	2.25 bp	8.3 bp −$8	17.5 bp −$175	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	−0.1423%	1h	11.090	−0.365%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.123	−0.068%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0019%	1h	11.123	−0.064%	$290K	$525K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.125	−0.047%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.121	−0.086%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0086%	8h	11.138	+0.066%	$12.1M	$36.4M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.126	−0.046%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.122	−0.077%	$18K	$605K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.123	−0.069%	$13K	$434	20x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	11.134	+0.030%	$2.3M	$1.4M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.124	−0.057%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.140	+0.084%	$118.6M	$472.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.141	+0.093%	$88.6M	$146.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.143	+0.111%	$19.8M	$128.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.142	+0.102%	$48.7M	$82.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.140	+0.084%	$15.5M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.139	+0.075%	$33.5M	$52.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.142	+0.102%	—	$83.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.134	+0.030%	$356K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.107	−0.214%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.108	−0.205%	$353K	$844K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.109	−0.194%	$179K	$682K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.123	−0.068%	$131K	$369K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.131	+0.003%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.151	+0.180%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.127	−0.033%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.115	−0.139%	$361K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.127	−0.033%	$29.7M	$5.4M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.139	+0.079%	$668K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.119	−0.106%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.116	−0.131%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.117	−0.124%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0254%	1h	11.131	long leg	$4.3M	$12.3M	50x
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.131	+0.003%	$912K	$6.2M	50x	as long as short
Hyperliquid AVAX	+0.0411%	1h	11.157	+0.237%	$43.4M	$48.0M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.121	−0.082%	$236K	—	120x	as long as short