Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h +0.017%

Price spread now: Kraken Futures against MEXC+0.178%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−0.613%−$61 · spread now +0.178%, 7d avg +0.043%

Together, before fees−0.670%−$67 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.136% dearer against MEXC than usual: you sell high and buy low (spread +0.178% now, against its 7-day average of +0.043%): +$14 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.057% in total) that is about 17 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.057% in total (about -3.0% 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	MEXC AVAX_USDT	10.822	0.0100	pay 0.0100% / 8h	6h 54m	$53.9M	$72.4M	200x
Short	Kraken Futures PF_AVAXUSD	10.841	−0.0185	pay 0.0023% / 1h	54m 56s	$3.8M	$11.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.178%Rate

Funding earned: −$59.91
Price spread: +0.178% → +0.043%: $13.57
Slippage, 4 orders: −$16.1
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$72.43
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Kraken Futures: live order book, 4 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 MEXC live order book, 4 min ago	0.46 bp	0.6 bp −$1	4.2 bp −$42	51.5 bp −$5,150	111.0 bp −$55.5K
Sell Kraken Futures live order book, 4 min ago	3.67 bp	11.6 bp −$12	22.8 bp −$228	71.0 bp −$7,102	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	−0.0185%	1h	10.841	+0.178%	$3.8M	$11.5M	50x
Variational Omni AVAX	−0.0101%	8h	10.862	+0.373%	$3.0M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0053%	1h	10.836	+0.129%	$18K	$68K	10x	as long as short
Phemex AVAXUSDT	−0.0039%	8h	10.841	+0.176%	$28.9M	$5.6M	50x	as long as short
Gate AVAX_USDT	−0.0003%	8h	10.825	+0.028%	$14.1M	$28.0M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.841	+0.178%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.840	+0.166%	$4.9M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.897	+0.692%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.573%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.835	+0.119%	$12K	$62	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit AVAXUSDT	+0.0093%	8h	10.817	−0.046%	$84.2M	$135.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.839	+0.157%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.830	+0.074%	$19K	$459K	50x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.834	+0.111%	$273K	$310K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.839	+0.157%	$35.9M	$39.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.821	−0.009%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.845	+0.213%	$273K	$126K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.822	0.000%	$114.0M	$386.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.819	−0.028%	$19.2M	$106.0M	50x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	10.822	long leg	$53.9M	$72.4M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.836	+0.129%	$14.0M	$19.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.817	−0.046%	$32.9M	$44.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.822	0.000%	—	$52.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.827	+0.046%	$437K	$527K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.881	+0.542%	$346K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.887	+0.601%	$175K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.834	+0.111%	$136K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.848	+0.240%	$235K	$221K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.863	+0.378%	$12K	$777K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.832	+0.088%	$322K	$946K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.814	−0.077%	$618K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.837	+0.141%	$249K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	10.848	+0.240%	$854K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.834	+0.111%	$4.7M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.834	+0.109%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.840	+0.170%	$229K	—	120x	as long as short