AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.21 per $10,000 · paid last 24h +0.021%

Price spread now: Pacifica against Kraken Futures−0.020%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on Kraken Futures Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.020%, 7d avg −0.045%

Together, before fees+0.205%+ Points / potential airdropPacifica: Active · farm board+$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.025% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.020% now, against its 7-day average of −0.045%): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.124%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	11.237	0.0270	pay 0.0034% / 1h	0m 15s	$4.6M	$12.9M	50x
Short	Pacifica AVAX	11.235	0.0100	get 0.0013% / 1h	0m 15s	$298K	$118K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.020%Rate

Funding earned: −$35.74
Price spread: −0.020% → −0.045%: $2.5
Slippage, 4 orders: −$27.86
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$79.1
Costs to cover: 0.459%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Pacifica: live order book, 13 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	13.3 bp −$13	17.0 bp −$170	48.0 bp −$4,796	doesn't fit
Sell Pacifica live order book, 13 min ago	4.90 bp	13.7 bp −$14	22.9 bp −$229	doesn't fit	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
Injective AVAX/USDC PERP	−0.1451%	1h	11.180	−0.508%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0098%	1h	11.231	−0.054%	$296K	$877K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0017%	1h	11.231	−0.054%	$5.3M	$8.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.231	−0.056%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.233	−0.037%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.231	−0.055%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.232	−0.045%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.231	−0.051%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.232	−0.047%	$2.3M	$1.7M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	11.235	−0.020%	$298K	$118K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.230	−0.064%	$120.3M	$510.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.231	−0.054%	$89.5M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.229	−0.072%	$20.3M	$143.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.230	−0.063%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.230	−0.063%	$50.0M	$93.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.237	0.000%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.231	−0.054%	$34.3M	$57.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.230	−0.063%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.234	−0.027%	$359K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.228	−0.081%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.228	−0.080%	$362K	$873K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.238	+0.009%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.233	−0.036%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.239	+0.017%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.264	+0.241%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.231	−0.054%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.230	−0.058%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.229	−0.072%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.228	−0.078%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.229	−0.067%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.232	−0.045%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.229	−0.067%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0270%	1h	11.237	long leg	$4.6M	$12.9M	50x
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.235	−0.018%	$917K	$7.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0434% / S −0.0257%	1h	11.232	−0.046%	$251K	—	120x	as long as short
Hyperliquid AVAX	+0.0754%	1h	11.249	+0.106%	$43.8M	$55.0M	10x	as long as short