Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h −0.026%

Price spread now: Orderly against Kraken Futures+0.062%7-day average −0.006% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.035%−$4 · spread now +0.062%, 7d avg −0.006%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.069% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	11.014	0.0020	pay 0.0002% / 1h	52m 04s	$4.3M	$11.3M	50x
Short	Orderly PERP_AVAX_USDC	11.021	0.0100	get 0.0100% / 8h	3h 52m	$194K	$310K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.062%Rate

Funding earned: $16.9
Price spread: +0.062% → −0.006%: $6.85
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $7.75
Costs to cover: 0.160%
Break-even: 3.8 days

Slippage unknown: Kraken Futures: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

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	3.64 bp	12.9 bp −$13	15.2 bp −$152	59.7 bp −$5,970	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1421%	1h	10.950	−0.582%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0022%	1h	11.016	+0.017%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0019%	1h	11.016	+0.017%	$286K	$318K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.016	+0.012%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.020	+0.054%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0020%	1h	11.014	long leg	$4.3M	$11.3M	50x
Lighter AVAX	+0.0096%	1h	11.015	+0.007%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.018	+0.035%	$15K	$458K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.017	+0.023%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.017	+0.028%	$2.2M	$1.1M	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	11.015	+0.008%	$277K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.018	+0.035%	$116.3M	$428.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.010	−0.038%	$84.2M	$140.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.019	+0.044%	$20.2M	$114.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.012	−0.020%	$12.1M	$32.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.015	+0.008%	$46.0M	$78.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.019	+0.044%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.014	−0.001%	$33.1M	$47.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.014	−0.001%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.019	+0.044%	$371K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.987	−0.250%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.988	−0.237%	$345K	$891K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.012	−0.020%	$177K	$670K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.018	+0.035%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.021	+0.062%	$194K	$310K	20x
SunX AVAX-USDT	+0.0100%	8h	11.046	+0.288%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.015	+0.008%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.018	+0.030%	$367K	$791K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.016	+0.017%	$29.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.010	−0.038%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.018	+0.030%	$253K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.013	−0.010%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.026	+0.108%	$898K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.014	+0.001%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0387%	1h	11.032	+0.162%	$42.8M	$41.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.021	+0.060%	$234K	—	120x	as long as short