AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0089%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.035%

Price spread now: Coinbase International against Kraken Futures+0.084%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$530.526% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.255%+$26 on $10k

Price spread, last 3 days (all we have)−0.096%−$10 · spread now +0.084%, 7d avg +0.011%

Together, before fees+0.159%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.073% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	11.203	0.0215	pay 0.0027% / 1h	7m 34s	$4.3M	$12.5M	50x
Short	Coinbase International AVAX-PERP-INTX	11.212	0.0304	get 0.0038% / 1h	7m 34s	$912K	$6.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.084%Rate

Funding earned: $18.75
Price spread: +0.084% → +0.011%: $7.33
Slippage, 4 orders: −$32.64
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$26.57
Costs to cover: 0.526%
Break-even: 16.9 days

Slippage from Kraken Futures: live order book, 6 min ago; Coinbase International: live order book, 6 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	4.02 bp	12.3 bp −$12	16.7 bp −$167	48.2 bp −$4,819	doesn't fit
Sell Coinbase International live order book, 6 min ago	4.46 bp	13.6 bp −$14	20.8 bp −$208	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	11.170	−0.291%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0066%	1h	11.204	+0.013%	$294K	$680K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0018%	1h	11.200	−0.023%	$5.3M	$8.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.200	−0.027%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.203	+0.004%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.197	−0.051%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.193	−0.085%	$15K	$606K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.194	−0.079%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.194	−0.075%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.197	−0.046%	$297K	$107K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.194	−0.076%	$119.6M	$474.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.195	−0.068%	$89.0M	$147.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.195	−0.068%	$20.0M	$130.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.196	−0.059%	$12.2M	$38.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.196	−0.059%	$51.0M	$89.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.199	−0.032%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.194	−0.076%	$34.0M	$53.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.193	−0.085%	—	$84.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.196	−0.059%	$358K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.214	+0.099%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.202	−0.006%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.221	+0.165%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.204	+0.013%	$131K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.209	+0.057%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.236	+0.297%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.197	−0.050%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.202	−0.009%	$364K	$945K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.198	−0.041%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.192	−0.095%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.202	−0.005%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0215%	1h	11.203	long leg	$4.3M	$12.5M	50x
BloFin AVAX-USDT	+0.0220%	8h	11.204	+0.013%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.200	−0.022%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0304%	1h	11.212	+0.084%	$912K	$6.4M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0297%	1h	11.202	−0.009%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0667%	1h	11.213	+0.093%	$43.8M	$48.9M	10x	as long as short