AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0415%/8h= −45.5% APRnext payment −$0.52 per $10,000 · paid last 24h −0.145%

Price spread now: Deribit against Kraken Futures−0.059%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.524%−$52 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now −0.059%, 7d avg −0.073%

Together, before fees−0.524%−$52 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	11.134	0.0216	pay 0.0027% / 1h	37m 26s	$4.3M	$12.8M	50x
Short	Deribit AVAX_USDC-PERPETUAL	11.127	−0.0199	pay 0.0025% / 1h	37m 26s	$5.3M	$8.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$87.2
Price spread: −0.059% → −0.073%: $1.44
Slippage, 4 orders: −$16.81
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$119.57
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Deribit: 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	2.69 bp	10.1 bp −$10	13.1 bp −$131	48.8 bp −$4,884	doesn't fit
Sell Deribit live order book, 2 min ago	0.90 bp	5.2 bp −$5	20.0 bp −$200	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	11.100	−0.301%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0199%	1h	11.127	−0.059%	$5.3M	$8.6M	25x
Nado AVAX-PERP	−0.0045%	1h	11.133	−0.009%	$292K	$840K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.130	−0.031%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.130	−0.033%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0045%	8h	11.130	−0.032%	$12.2M	$38.1M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.129	−0.038%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.134	+0.004%	$18K	$635K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.131	−0.025%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.133	−0.007%	$2.3M	$1.6M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.133	−0.004%	$296K	$106K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.133	−0.005%	$118.4M	$490.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.134	+0.004%	$88.6M	$150.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.133	−0.005%	$19.9M	$135.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.134	+0.004%	$48.9M	$88.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.138	+0.040%	$15.4M	$23.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.136	+0.022%	$33.7M	$55.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.131	−0.023%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.131	−0.023%	$356K	$558K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.127	−0.061%	$2.9M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.133	−0.006%	$359K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.135	+0.013%	$179K	$689K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.137	+0.031%	$131K	$376K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.136	+0.022%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.160	+0.240%	$12K	$727K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.130	−0.032%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.130	−0.036%	$361K	$963K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.131	−0.023%	$29.9M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.131	−0.026%	$666K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.126	−0.069%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0216%	1h	11.134	long leg	$4.3M	$12.8M	50x
BloFin AVAX-USDT	+0.0220%	8h	11.127	−0.059%	$5.0M	$6.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.133	−0.006%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.134	+0.004%	$904K	$7.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.128	−0.047%	$248K	—	120x	as long as short
Hyperliquid AVAX	+0.0660%	1h	11.153	+0.175%	$43.5M	$51.0M	10x	as long as short