Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.009%

Price spread now: BingX against Kraken Futures−0.023%7-day average −0.073% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.023%, 7d avg −0.073%

Together, before fees+0.162%+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.050% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.023% now, against its 7-day average of −0.073%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 13 days. Mind the row above: over the last 7 days funding on this pair paid +0.068%, 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	10.731	0.0113	pay 0.0014% / 1h	6m 32s	$3.8M	$12.1M	50x
Short	BingX AVAX-USDC	10.729	0.0100	get 0.0100% / 8h	1h 06m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$2.67
Price spread: −0.023% → −0.073%: $4.99
Slippage, 4 orders: −$23.62
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$41.3
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; BingX: live order book, 15 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	1.87 bp	10.2 bp −$10	13.7 bp −$137	48.3 bp −$4,827	doesn't fit
Sell BingX live order book, 15 min ago	0.93 bp	9.7 bp −$10	22.6 bp −$226	79.3 bp −$7,932	528.9 bp −$264.4K

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	−0.0196%	1h	10.726	−0.046%	$282K	$338K	10x	as long as short
Variational Omni AVAX	−0.0059%	8h	10.719	−0.120%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.731	−0.003%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.732	+0.005%	$4.8M	$7.0M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.730	−0.013%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0020%	8h	10.728	−0.032%	$12.9M	$32.5M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.266%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	10.729	−0.021%	$12K	$212	20x	as long as short
SoDEX AVAX-USD	+0.0088%	1h	10.731	−0.004%	$18K	$72K	10x	as long as short
Bybit AVAXUSDT	+0.0091%	8h	10.726	−0.051%	$81.9M	$145.9M	75x	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	10.730	−0.017%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.728	−0.032%	$25K	$474K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.735	+0.033%	$37.3M	$43.5M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.730	−0.017%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.735	+0.034%	$270K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.729	−0.027%	$113.7M	$420.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.724	−0.069%	$18.9M	$111.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.730	−0.013%	$45.4M	$81.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.728	−0.032%	$13.7M	$22.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.726	−0.051%	$32.4M	$48.3M	75x	as long as short
BingX AVAX-USDCshort	+0.0100%	8h	10.729	−0.023%	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.736	+0.042%	$438K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.728	−0.031%	$339K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.728	−0.032%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.728	−0.032%	$135K	$353K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.738	+0.061%	$232K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.747	+0.149%	$11K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.732	+0.010%	$326K	$902K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.733	+0.015%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.724	−0.068%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.725	−0.056%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0113%	1h	10.731	long leg	$3.8M	$12.1M	50x
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.729	−0.023%	$853K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.729	−0.023%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.719	−0.113%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.732	+0.002%	$226K	—	120x	as long as short