Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0153%/8h= +16.8% APRpaid last 24h −0.009%

Price spread now: OKX against Kraken Futures−0.012%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.012%, 7d avg −0.075%

Together, before fees+0.125%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.063% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	10.888	−0.0114	get 0.0014% / 1h	47m 53s	$3.8M	$10.4M	50x
Short	OKX AVAX-USDT-SWAP	10.887	0.0039	get 0.0039% / 8h	4h 47m	$19.3M	$98.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.012%Rate

Funding earned: $32.14
Price spread: −0.012% → −0.075%: $6.28
Slippage, 4 orders: −$18.85
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$0.43
Costs to cover: 0.388%
Break-even: 7.1 days

Slippage from Kraken Futures: live order book, 4 min ago; OKX: 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	0.46 bp	10.1 bp −$10	15.1 bp −$151	49.1 bp −$4,910	doesn't fit
Sell OKX live order book, 4 min ago	0.46 bp	9.2 bp −$9	16.1 bp −$161	41.0 bp −$4,098	doesn't fit

AVAX on 36 exchanges

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
Variational Omni AVAX	−0.0169%	8h	10.886	−0.025%	$3.1M	$1.9M	—	as long as short
Polymarket Perps AVAX-USD	−0.0155%	1h	10.873	−0.140%	$60K	$352K	10x	as long as short
Gate AVAX_USDT	−0.0122%	8h	10.886	−0.021%	$14.9M	$24.8M	75x	as long as short
Kraken Futures PF_AVAXUSDlong	−0.0114%	1h	10.888	long leg	$3.8M	$10.4M	50x
Bybit AVAXUSDT	−0.0098%	8h	10.884	−0.039%	$84.9M	$128.3M	75x	as long as short
Phemex AVAXUSDT	−0.0021%	8h	10.886	−0.021%	$29.0M	$5.5M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.894	+0.049%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.888	−0.003%	$5.0M	$6.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.885	−0.027%	$24K	—	150x	as long as short
Nado AVAX-PERP	+0.0011%	1h	10.881	−0.067%	$279K	$257K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AVAX-USD	+0.0027%	1h	10.885	−0.030%	$19K	$65K	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.178%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0039%	8h	10.887	−0.012%	$19.3M	$98.0M	50x
Paradex AVAX-USD-PERP	+0.0092%	8h	10.887	−0.011%	$12K	$62	20x	as long as short
MEXC AVAX_USDT	+0.0092%	8h	10.888	−0.003%	$53.8M	$66.7M	200x	as long as short
Binance AVAXUSDT	+0.0093%	8h	10.887	−0.009%	$114.8M	$358.3M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.886	−0.018%	$1.2M	$1.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.881	−0.067%	$24K	$427K	50x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.886	−0.018%	$2.2M	$1.2M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.893	+0.042%	$274K	$86K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.890	+0.016%	$14.3M	$18.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.886	−0.021%	$33.2M	$41.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.884	−0.039%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.888	−0.003%	$391K	$565K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.897	+0.080%	$341K	$1.6M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.896	+0.071%	$155K	$680K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.892	+0.034%	$238K	$211K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.916	+0.254%	$12K	$771K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.886	−0.026%	$328K	$897K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.884	−0.041%	$618K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.883	−0.045%	$250K	—	3x	as long as short
Hyperliquid AVAX	+0.0149%	1h	10.900	+0.108%	$36.4M	$33.2M	10x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.877	−0.104%	$849K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0213%	8h	10.865	−0.214%	$4.7M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.872	−0.152%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0464% / S −0.0317%	1h	10.886	−0.023%	$241K	—	120x	as long as short