Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0364%/8h= −39.8% APRpaid last 24h +0.008%

Price spread now: Kraken Futures against KuCoin+0.073%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.520%−$52 · spread now +0.073%, 7d avg +0.042%

Together, before fees−0.531%−$53 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.031% dearer against KuCoin than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.042%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.011% in total) that is about 19 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	10.832	0.0100	pay 0.0100% / 8h	7h 21m	$14.0M	$20.6M	75x
Short	Kraken Futures PF_AVAXUSD	10.840	−0.0264	pay 0.0033% / 1h	21m 58s	$3.8M	$11.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$76.39
Price spread: +0.073% → +0.042%: $3.11
Slippage, 4 orders: −$32.85
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$128.13
Costs to cover: 0.548%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Kraken Futures: live order book, 2 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 KuCoin live order book, 7 min ago	0.93 bp	17.8 bp −$18	38.0 bp −$380	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	2.31 bp	15.9 bp −$16	22.8 bp −$228	75.6 bp −$7,559	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
Kraken Futures PF_AVAXUSDshort	−0.0264%	1h	10.840	+0.073%	$3.8M	$11.6M	50x
Nado AVAX-PERP	−0.0209%	1h	10.832	+0.005%	$282K	$319K	10x	as long as short
Phemex AVAXUSDT	−0.0151%	8h	10.833	+0.009%	$28.9M	$5.6M	50x	as long as short
Variational Omni AVAX	−0.0085%	8h	10.745	−0.799%	$3.0M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0067%	1h	10.836	+0.037%	$18K	$68K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.827	−0.045%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.840	+0.074%	$4.9M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.839	+0.063%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.665%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0040%	8h	10.834	+0.018%	$13.9M	$29.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AVAX_USDT_Perp	+0.0077%	8h	10.772	−0.554%	$339K	$1.2M	10x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	10.826	−0.053%	$12K	$62	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.832	−0.001%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.833	+0.009%	$22K	$469K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.847	+0.138%	$36.0M	$39.5M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.836	+0.034%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.832	0.000%	$272K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.834	+0.018%	$114.4M	$389.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.836	+0.037%	$84.5M	$136.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.838	+0.055%	$19.2M	$106.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.834	+0.018%	$53.6M	$79.7M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	10.832	long leg	$14.0M	$20.6M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.835	+0.028%	$33.0M	$45.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.836	+0.037%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.838	+0.055%	$440K	$531K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.759	−0.674%	$174K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.836	+0.037%	$136K	$278K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.842	+0.092%	$234K	$233K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.862	+0.281%	$12K	$770K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.834	+0.016%	$335K	$847K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.830	−0.021%	$612K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.832	0.000%	$249K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.828	−0.037%	$859K	$5.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.825	−0.065%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.830	−0.015%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.825	−0.064%	$229K	—	120x	as long as short