Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0155%/8h= −17.0% APRpaid last 24h +0.018%

Price spread now: Bitget against Kraken Futures−0.045%7-day average −0.082% · 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−$41as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 3 days (all we have)+0.241%+$24 · spread now −0.045%, 7d avg −0.082%

Together, before fees+0.315%+$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.038% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.045% now, against its 7-day average of −0.082%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 20 hours. Mind the row above: over the last 7 days funding on this pair paid +0.074%, 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	11.255	0.0255	pay 0.0032% / 1h	31m 43s	$4.7M	$13.7M	50x
Short	Bitget AVAXUSDT	11.250	0.0100	get 0.0100% / 8h	2h 31m	$34.6M	$61.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$32.57
Price spread: −0.045% → −0.082%: $3.79
Slippage, 4 orders: −$22.73
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$73.51
Costs to cover: 0.447%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Bitget: live order book, 2 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	6.22 bp	13.7 bp −$14	16.0 bp −$160	59.6 bp −$5,960	doesn't fit
Sell Bitget live order book, 2 min ago	0.44 bp	8.5 bp −$9	15.4 bp −$154	33.5 bp −$3,353	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	−0.0155%	8h	11.233	−0.195%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0106%	1h	11.245	−0.085%	$297K	$956K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.245	−0.089%	$5.3M	$9.4M	25x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.377%	$17K	$127K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.249	−0.050%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.251	−0.038%	$13K	—	150x	as long as short
Extended AVAX-USD	+0.0008%	1h	11.246	−0.080%	$669K	$2.3M	25x	as long as short
Gate AVAX_USDT	+0.0055%	8h	11.245	−0.089%	$12.6M	$39.9M	75x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.249	−0.053%	$911K	$8.2M	50x	as long as short
OKX AVAX-USDT-SWAP	+0.0056%	8h	11.247	−0.071%	$20.0M	$147.9M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0058%	8h	11.240	−0.133%	$30.2M	$4.8M	50x	as long as short
MEXC AVAX_USDT	+0.0076%	8h	11.247	−0.071%	$55.2M	$109.3M	200x	as long as short
Binance AVAXUSDT	+0.0078%	8h	11.246	−0.081%	$120.6M	$537.8M	75x	as long as short
Bybit AVAXUSDT	+0.0081%	8h	11.250	−0.045%	$86.8M	$152.8M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.245	−0.086%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.243	−0.107%	$9K	$701K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.241	−0.122%	$258K	—	3x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.246	−0.083%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.247	−0.073%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.250	−0.044%	$299K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.250	−0.045%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	11.250	−0.045%	$34.6M	$61.0M	75x
BingX AVAX-USDT	+0.0100%	8h	11.247	−0.071%	—	$90.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.246	−0.080%	$333K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.240	−0.138%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.252	−0.027%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.252	−0.027%	$130K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.249	−0.053%	$202K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.271	+0.146%	$12K	$715K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.244	−0.098%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.243	−0.105%	$361K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0195%	8h	11.241	−0.125%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.249	−0.053%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0255%	1h	11.255	long leg	$4.7M	$13.7M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.249	−0.058%	$243K	—	120x	as long as short
Hyperliquid AVAX	+0.0524%	1h	11.266	+0.098%	$43.6M	$58.4M	10x	as long as short