Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h +0.013%

Price spread now: Paradex against Kraken Futures−0.093%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Paradex is 0.093% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	11.244	0.0270	pay 0.0034% / 1h	21m 51s	$4.6M	$13.1M	50x
Short	Paradex AVAX-USD-PERP	11.233	0.0100	get 0.0100% / 8h	21m 51s	$13K	$766	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$35.75
Price spread: −0.093% → 0.000%: −$9.25
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$59
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 2 min ago; Paradex: 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	0.45 bp	9.3 bp −$9	16.6 bp −$166	45.3 bp −$4,530	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.1451%	1h	11.170	−0.654%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.237	−0.058%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0099%	1h	11.245	+0.013%	$297K	$878K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.232	−0.098%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.245	+0.013%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0084%	8h	11.245	+0.015%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.240	−0.032%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.245	+0.013%	$18K	$667K	50x	as long as short
Paradex AVAX-USD-PERPshort	+0.0100%	8h	11.233	−0.093%	$13K	$766	20x
Aster AVAXUSDT	+0.0100%	8h	11.228	−0.140%	$2.3M	$1.7M	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	11.235	−0.079%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.227	−0.145%	$120.1M	$512.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.228	−0.138%	$89.4M	$155.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.226	−0.156%	$20.3M	$143.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.229	−0.129%	$12.5M	$40.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.230	−0.120%	$50.5M	$93.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.233	−0.094%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.228	−0.138%	$34.2M	$57.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.229	−0.129%	—	$86.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.232	−0.102%	$359K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.250	+0.057%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.225	−0.165%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.246	+0.022%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.250	+0.058%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.267	+0.208%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.237	−0.058%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.241	−0.027%	$363K	$999K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.241	−0.022%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.225	−0.165%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.237	−0.060%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.227	−0.147%	$5.0M	$7.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.240	−0.030%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0270%	1h	11.244	long leg	$4.6M	$13.1M	50x
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.248	+0.040%	$915K	$7.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0427% / S −0.0284%	1h	11.244	+0.007%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0805%	1h	11.246	+0.022%	$43.7M	$54.9M	10x	as long as short