Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h +0.019%

Price spread now: Kraken Futures against OKX+0.084%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.395% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.084%, 7d avg +0.076%

Together, before fees−0.175%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.076%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AVAX-USDT-SWAP	10.717	0.0100	pay 0.0100% / 8h	1h 57m	$18.8M	$114.2M	50x
Short	Kraken Futures PF_AVAXUSD	10.726	0.0113	get 0.0014% / 1h	57m 59s	$4.2M	$11.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.084%Rate

Funding earned: $2.68
Price spread: +0.084% → +0.076%: $0.79
Slippage, 4 orders: −$19.5
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$36.03
Costs to cover: 0.395%
Break-even: 100.9 days

Slippage from OKX: live order book, 1 min ago; Kraken Futures: live order book, 1 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 OKX live order book, 1 min ago	0.47 bp	9.2 bp −$9	14.8 bp −$148	57.2 bp −$5,716	doesn't fit
Sell Kraken Futures live order book, 1 min ago	2.33 bp	11.2 bp −$11	20.4 bp −$204	54.1 bp −$5,411	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
Nado AVAX-PERP	−0.0398%	1h	10.727	+0.093%	$287K	$340K	10x	as long as short
Variational Omni AVAX	−0.0030%	8h	10.718	+0.005%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.726	+0.083%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.722	+0.047%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.721	+0.037%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.401%	$17K	$152K	12x	as long as short
Gate AVAX_USDT	+0.0038%	8h	10.720	+0.028%	$12.7M	$31.9M	75x	as long as short
Bybit AVAXUSDT	+0.0087%	8h	10.719	+0.019%	$82.1M	$149.1M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.721	+0.035%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.727	+0.093%	$23K	$437K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0097%	8h	10.722	+0.046%	$12K	$212	20x	as long as short
SoDEX AVAX-USD	+0.0097%	1h	10.718	+0.009%	$18K	$72K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.730	+0.121%	$37.6M	$44.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.722	+0.042%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.724	+0.063%	$269K	$132K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.721	+0.037%	$114.2M	$432.7M	75x	as long as short
OKX AVAX-USDT-SWAPlong	+0.0100%	8h	10.717	long leg	$18.8M	$114.2M	50x
MEXC AVAX_USDT	+0.0100%	8h	10.722	+0.047%	$45.6M	$80.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.720	+0.028%	$13.7M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.719	+0.019%	$32.5M	$49.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.720	+0.028%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.723	+0.056%	$428K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.722	+0.045%	$345K	$1.0M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.723	+0.056%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.726	+0.084%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.727	+0.093%	$231K	$351K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.748	+0.290%	$11K	$767K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.719	+0.014%	$343K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.723	+0.056%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.716	−0.010%	$612K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.714	−0.024%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0113%	1h	10.726	+0.084%	$4.2M	$11.5M	50x
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.734	+0.159%	$933K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.715	−0.019%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.713	−0.035%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.727	+0.092%	$227K	—	120x	as long as short