Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0154%/8h= −16.8% APRpaid last 24h +0.014%

Price spread now: SunX against Kraken Futures+0.225%7-day average +0.222% · you sell dearer than you buy

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1821.819% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 3 days (all we have)+0.025%+$3 · spread now +0.225%, 7d avg +0.222%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.222%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.119%, 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	11.156	0.0254	pay 0.0032% / 1h	59m 36s	$4.3M	$11.7M	50x
Short	SunX AVAX-USDT	11.181	0.0100	get 0.0100% / 8h	5h 59m	$12K	$705K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.225%Rate

Funding earned: −$32.29
Price spread: +0.225% → +0.222%: $0.26
Slippage, 4 orders: −$163.92
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$213.96
Costs to cover: 1.819%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; SunX: live order book, 42 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	3.59 bp	11.2 bp −$11	16.3 bp −$163	43.2 bp −$4,321	doesn't fit
Sell SunX live order book, 42 min ago	41.89 bp	101.4 bp −$101	doesn't fit	doesn't fit	doesn't fit

AVAX on 35 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	−0.1423%	1h	11.060	−0.861%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0037%	1h	11.152	−0.036%	$287K	$470K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.150	−0.054%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.164	+0.071%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.152	−0.034%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.165	+0.078%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.155	−0.009%	$15K	$577K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.167	+0.100%	$13K	$434	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	11.182	+0.233%	$43.4M	$44.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.163	+0.064%	$2.3M	$1.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.167	+0.098%	$291K	$113K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.165	+0.080%	$119.2M	$443.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.170	+0.125%	$88.7M	$140.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.171	+0.134%	$20.2M	$121.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.165	+0.080%	$12.2M	$34.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.167	+0.098%	$48.8M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.170	+0.125%	$15.6M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.169	+0.116%	$33.5M	$49.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.164	+0.071%	—	$82.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.156	0.000%	$357K	$501K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.156	−0.004%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	−0.054%	$352K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.150	−0.054%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.157	+0.009%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.159	+0.027%	$196K	$313K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.181	+0.225%	$12K	$705K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.151	−0.045%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.150	−0.050%	$362K	$854K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.150	−0.054%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.159	+0.030%	$675K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.149	−0.059%	$256K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.150	−0.053%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0254%	1h	11.156	long leg	$4.3M	$11.7M	50x
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.159	+0.027%	$905K	$5.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.151	−0.045%	$237K	—	120x	as long as short