Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0530%/8h= −58.0% APRpaid last 24h −0.003%

Price spread now: Gate against Kraken Futures+0.050%7-day average −0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$510.510% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now +0.050%, 7d avg −0.060%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.111% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.060%): +$11 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 17 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.012% in total (about 0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	11.233	0.0630	pay 0.0079% / 1h	9m 37s	$4.6M	$13.5M	50x
Short	Gate AVAX_USDT	11.239	0.0100	get 0.0100% / 8h	1h 09m	$12.5M	$40.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.050%Rate

Funding earned: −$111.22
Price spread: +0.050% → −0.060%: $11.05
Slippage, 4 orders: −$25.99
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$151.16
Costs to cover: 0.510%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	2.22 bp	13.4 bp −$13	18.1 bp −$181	50.8 bp −$5,083	doesn't fit
Sell Gate live order book, 4 min ago	0.89 bp	12.3 bp −$12	20.4 bp −$204	41.6 bp −$4,158	71.3 bp −$35.6K

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	−0.0570%	1h	11.210	−0.208%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.227	−0.057%	$5.3M	$9.1M	25x	as long as short
Nado AVAX-PERP	−0.0041%	1h	11.242	+0.077%	$297K	$892K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.239	+0.048%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.230	−0.032%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0019%	8h	11.219	−0.128%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.242	+0.074%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.243	+0.086%	$18K	$686K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.239	+0.050%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.237	+0.037%	$2.3M	$1.8M	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	11.242	+0.075%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.242	+0.078%	$120.4M	$524.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.241	+0.068%	$89.3M	$157.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.244	+0.095%	$20.2M	$146.2M	50x	as long as short
Gate AVAX_USDTshort	+0.0100%	8h	11.239	+0.050%	$12.5M	$40.7M	75x
MEXC AVAX_USDT	+0.0100%	8h	11.239	+0.050%	$51.4M	$100.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.244	+0.095%	$16.0M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.242	+0.077%	$34.1M	$59.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.239	+0.050%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.232	−0.012%	$359K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.253	+0.175%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.256	+0.202%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.246	+0.113%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.236	+0.024%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.251	+0.156%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.229	−0.039%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.227	−0.052%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.231	−0.021%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.236	+0.025%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.223	−0.091%	$258K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.235	+0.015%	$910K	$8.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.223	−0.092%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.242	+0.077%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0410% / S −0.0258%	1h	11.226	−0.067%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0597%	1h	11.252	+0.166%	$43.5M	$56.6M	10x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0630%	1h	11.233	long leg	$4.6M	$13.5M	50x