Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0155%/8h= +16.9% APRpaid last 24h −0.022%

Price spread now: Kraken Futures against Paradex+0.258%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.258% dearer against Paradex than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AVAX-USD-PERP	11.339	0.0098	pay 0.0098% / 8h	2h 06m	$13K	$766	20x
Short	Kraken Futures PF_AVAXUSD	11.368	0.0253	get 0.0032% / 1h	6m 38s	$4.6M	$13.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Paradex. 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 ParadexbpFee Kraken FuturesbpOrdersPrice spread, now +0.258%Rate

Funding earned: $32.49
Price spread: +0.258% → 0.000%: $25.77
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $44.26
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 2 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 2 min ago	4.85 bp	13.4 bp −$13	23.0 bp −$230	75.8 bp −$7,579	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Variational Omni AVAX	−0.0092%	8h	11.306	−0.287%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0081%	1h	11.373	+0.306%	$300K	$958K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.320	−0.166%	$17K	$152K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0014%	1h	11.367	+0.249%	$5.4M	$9.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.349	+0.089%	$100K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.370	+0.271%	$16K	—	150x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.339	+0.002%	$995K	$8.4M	50x	as long as short
Gate AVAX_USDT	+0.0069%	8h	11.344	+0.046%	$12.7M	$40.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0090%	8h	11.353	+0.125%	$20.4M	$149.8M	50x	as long as short
Phemex AVAXUSDT	+0.0095%	8h	11.366	+0.240%	$30.4M	$4.9M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	11.359	+0.174%	$1.3M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.351	+0.107%	$12K	$704K	50x	as long as short
Paradex AVAX-USD-PERPlong	+0.0098%	8h	11.339	long leg	$13K	$766	20x
Aster AVAXUSDT	+0.0100%	8h	11.352	+0.115%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.353	+0.125%	$302K	$121K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.349	+0.090%	$121.8M	$536.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.355	+0.143%	$91.4M	$156.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.340	+0.010%	$55.7M	$110.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.349	+0.090%	$16.5M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.343	+0.037%	$35.0M	$61.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.343	+0.037%	—	$90.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.368	+0.257%	$340K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.320	−0.167%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.325	−0.122%	$183K	$682K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.372	+0.293%	$135K	$484K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.374	+0.310%	$205K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.399	+0.526%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.365	+0.231%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.368	+0.261%	$365K	$1.1M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.340	+0.013%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.361	+0.193%	$261K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.368	+0.257%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.366	+0.243%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0253%	1h	11.368	+0.258%	$4.6M	$13.6M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.369	+0.266%	$245K	—	120x	as long as short
Hyperliquid AVAX	+0.0684%	1h	11.377	+0.337%	$44.2M	$58.5M	10x	as long as short