AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0359%/8h= +39.3% APRnext payment +$0.45 per $10,000 · paid last 24h −0.009%

Price spread now: Lighter against Kraken Futures+0.104%7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+0.317%+$32 · spread now +0.104%, 7d avg −0.070%

Together, before fees+0.267%+ Points / potential airdropLighter: Season 3 · farm board+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Lighter is 0.173% dearer against Kraken Futures than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.070%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.050% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 per $10,000. 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	10.885	−0.0263	get 0.0033% / 1h	1m 43s	$3.8M	$11.5M	50x
Short	Lighter AVAX	10.896	0.0096	get 0.0012% / 1h	1m 43s	$1.2M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.104%Rate

Funding earned: $75.32
Price spread: +0.104% → −0.070%: $17.34
Slippage, 4 orders: −$25.66
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $57
Costs to cover: 0.357%
Break-even: 1.7 days

Slippage from Kraken Futures: live order book, 2 min ago; Lighter: 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, 2 min ago	2.29 bp	13.5 bp −$13	17.8 bp −$178	65.3 bp −$6,526	doesn't fit
Sell Lighter live order book, 5 min ago	5.31 bp	5.4 bp −$5	15.4 bp −$154	113.7 bp −$11.4K	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
Kraken Futures PF_AVAXUSDlong	−0.0263%	1h	10.885	long leg	$3.8M	$11.5M	50x
Nado AVAX-PERP	−0.0148%	1h	10.879	−0.052%	$274K	$311K	10x	as long as short
Phemex AVAXUSDT	−0.0107%	8h	10.875	−0.093%	$29.0M	$5.6M	50x	as long as short
Variational Omni AVAX	−0.0092%	8h	10.907	+0.198%	$3.0M	$2.2M	—	as long as short
SoDEX AVAX-USD	−0.0069%	1h	10.879	−0.056%	$19K	$68K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.885	+0.001%	$93K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.883	−0.020%	$4.9M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.880	−0.047%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.150%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0054%	8h	10.895	+0.091%	$14.2M	$29.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0091%	8h	10.894	+0.079%	$12K	$62	20x	as long as short
Lighter AVAXshort	+0.0096%	1h	10.896	+0.104%	$1.2M	$2.1M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.875	−0.093%	$19K	$474K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.907	+0.201%	$36.2M	$39.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.898	+0.118%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.900	+0.140%	$274K	$127K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.894	+0.082%	$114.8M	$387.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.888	+0.026%	$85.0M	$135.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.890	+0.045%	$19.4M	$106.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.894	+0.082%	$55.1M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.894	+0.082%	$14.0M	$19.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.891	+0.054%	$33.1M	$44.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.892	+0.063%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.882	−0.029%	$439K	$528K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.915	+0.274%	$352K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.915	+0.274%	$175K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.881	−0.038%	$139K	$236K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.887	+0.017%	$235K	$221K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.899	+0.127%	$12K	$776K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.885	−0.003%	$336K	$869K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.888	+0.022%	$621K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.884	−0.010%	$250K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.891	+0.054%	$857K	$5.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.903	+0.164%	$4.7M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.875	−0.092%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.881	−0.039%	$230K	—	120x	as long as short