Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h −0.017%

Price spread now: MEXC against Kraken Futures−0.178%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

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

costs, in and out, $10k−$260.261% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)+0.613%+$61 · spread now −0.178%, 7d avg −0.043%

Together, before fees+0.670%+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.135% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.178% now, against its 7-day average of −0.043%). If the spread goes back, that is −$14 on $10k: about 38 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.057% in total) that is about 17 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% 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	10.841	−0.0185	get 0.0023% / 1h	54m 57s	$3.8M	$11.5M	50x
Short	MEXC AVAX_USDT	10.822	0.0100	get 0.0100% / 8h	6h 54m	$53.9M	$72.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.178%Rate

Funding earned: $59.91
Price spread: −0.178% → −0.043%: −$13.54
Slippage, 4 orders: −$16.1
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $20.27
Costs to cover: 0.261%
Break-even: 4.6 days

Slippage from Kraken Futures: live order book, 4 min ago; MEXC: 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	3.67 bp	12.6 bp −$13	18.0 bp −$180	71.0 bp −$7,104	doesn't fit
Sell MEXC live order book, 4 min ago	0.46 bp	1.3 bp −$1	3.5 bp −$35	49.2 bp −$4,920	106.2 bp −$53.1K

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	−0.0185%	1h	10.841	long leg	$3.8M	$11.5M	50x
Variational Omni AVAX	−0.0101%	8h	10.862	+0.194%	$3.0M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0053%	1h	10.836	−0.049%	$18K	$68K	10x	as long as short
Phemex AVAXUSDT	−0.0039%	8h	10.841	−0.003%	$28.9M	$5.6M	50x	as long as short
Gate AVAX_USDT	−0.0003%	8h	10.825	−0.150%	$14.1M	$28.0M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.841	−0.001%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.840	−0.012%	$4.9M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.897	+0.513%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.750%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.835	−0.059%	$12K	$62	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit AVAXUSDT	+0.0093%	8h	10.817	−0.224%	$84.2M	$135.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.839	−0.021%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.830	−0.104%	$19K	$459K	50x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.834	−0.067%	$273K	$310K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.839	−0.021%	$35.9M	$39.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.821	−0.187%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.845	+0.034%	$273K	$126K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.822	−0.178%	$114.0M	$386.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.819	−0.206%	$19.2M	$106.0M	50x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	10.822	−0.178%	$53.9M	$72.4M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.836	−0.049%	$14.0M	$19.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.817	−0.224%	$32.9M	$44.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.822	−0.178%	—	$52.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.827	−0.132%	$437K	$527K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.881	+0.363%	$346K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.887	+0.421%	$175K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.834	−0.067%	$136K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.848	+0.062%	$235K	$221K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.863	+0.199%	$12K	$777K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.832	−0.090%	$322K	$946K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.814	−0.255%	$618K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.837	−0.037%	$249K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	10.848	+0.062%	$854K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.834	−0.067%	$4.7M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.834	−0.070%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.840	−0.009%	$229K	—	120x	as long as short