AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h −0.027%

Price spread now: Extended against Kraken Futures−0.066%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 3 days (all we have)+0.065%+$6 · spread now −0.066%, 7d avg −0.113%

Together, before fees+0.050%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.046% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.066% now, against its 7-day average of −0.113%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.014% in total) that is about 23 days.

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	38m 10s	$4.3M	$12.8M	50x
Short	Extended AVAX-USD	11.126	0.0104	get 0.0013% / 1h	38m 10s	$666K	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$23.53
Price spread: −0.066% → −0.113%: $4.65
Slippage, 4 orders: −$19.27
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$53.16
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 6 min ago; Extended: live order book, 5 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	4.05 bp	12.5 bp −$13	16.4 bp −$164	51.2 bp −$5,116	doesn't fit
Sell Extended live order book, 5 min ago	0.45 bp	3.8 bp −$4	5.8 bp −$58	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-PERPETUAL	−0.0199%	1h	11.127	−0.059%	$5.3M	$8.6M	25x	as long as short
Nado AVAX-PERP	−0.0039%	1h	11.126	−0.068%	$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	+0.0015%	8h	11.127	−0.059%	$12.2M	$38.1M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.130	−0.032%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.126	−0.068%	$18K	$636K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.127	−0.055%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.131	−0.019%	$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	11.131	−0.023%	$296K	$106K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.130	−0.032%	$118.4M	$491.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.129	−0.041%	$88.6M	$150.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.129	−0.041%	$19.9M	$135.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.128	−0.050%	$48.9M	$88.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.134	+0.004%	$15.4M	$23.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.130	−0.032%	$33.7M	$55.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.130	−0.032%	—	$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	11.123	−0.093%	$358K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.126	−0.068%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.130	−0.032%	$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-USDshort	+0.0104%	1h	11.126	−0.066%	$666K	$2.1M	25x
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	11.126	−0.069%	$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	+0.0653%	1h	11.146	+0.112%	$43.5M	$51.0M	10x	as long as short