AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.07 per $10,000 · paid last 24h −0.010%

Price spread now: Kraken Futures against Pacifica−0.020%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on Pacifica Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 4 days (all we have)−0.423%−$42 · spread now −0.020%, 7d avg +0.044%

Together, before fees−0.539%+ Points / potential airdropPacifica: Active · farm board−$54 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.064% cheaper against Pacifica than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.044%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.135	0.0100	pay 0.0013% / 1h	39m 50s	$290K	$112K	10x
Short	Kraken Futures PF_AVAXUSD	11.133	0.0045	get 0.0006% / 1h	39m 50s	$4.3M	$11.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Pacifica. 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 PacificabpFee Kraken FuturesbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$11.46
Price spread: −0.020% → +0.044%: −$6.4
Slippage, 4 orders: −$25.02
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$60.88
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from Pacifica: live order book, 23 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 Pacifica live order book, 23 min ago	4.48 bp	8.5 bp −$8	17.2 bp −$172	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	2.69 bp	13.4 bp −$13	20.4 bp −$204	56.1 bp −$5,606	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
Injective AVAX/USDC PERP	−0.1374%	1h	11.100	−0.315%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0199%	1h	11.126	−0.081%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0062%	1h	11.136	+0.009%	$287K	$449K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.133	−0.018%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.130	−0.047%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0045%	1h	11.133	−0.020%	$4.3M	$11.5M	50x
Lighter AVAX	+0.0096%	1h	11.122	−0.121%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.135	0.000%	$16K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.134	−0.006%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.134	−0.013%	$2.3M	$1.2M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAXlong	+0.0100%	1h	11.135	long leg	$290K	$112K	10x
Binance AVAXUSDT	+0.0100%	8h	11.127	−0.071%	$118.8M	$435.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.127	−0.072%	$88.4M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.126	−0.081%	$20.0M	$117.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.129	−0.054%	$12.1M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.129	−0.054%	$47.9M	$79.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.131	−0.036%	$15.5M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.129	−0.054%	$33.4M	$48.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.128	−0.063%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.131	−0.036%	$356K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.132	−0.024%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.141	+0.054%	$357K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.145	+0.089%	$179K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.136	+0.009%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.135	0.000%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.167	+0.291%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.129	−0.054%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.122	−0.115%	$364K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.130	−0.045%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.124	−0.095%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.130	−0.041%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.128	−0.063%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.134	−0.009%	$900K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.130	−0.049%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.129	−0.055%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0453%	1h	11.140	+0.044%	$43.3M	$43.0M	10x	as long as short