Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h −0.017%

Price spread now: Kraken Futures against SunX−0.365%7-day average −0.222% · you buy dearer than you sell

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$198as in the Price arb table

costs, in and out, $10k−$1841.838% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 3 days (all we have)+0.130%+$13 · spread now −0.365%, 7d avg −0.222%

Together, before fees+0.010%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.143% cheaper against SunX than usual: you would sell low and buy high (spread −0.365% now, against its 7-day average of −0.222%). If the spread goes back, that is −$14 on $10k: about 4.1 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.120%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	11.245	0.0100	pay 0.0100% / 8h	7h 09m	$12K	$719K	20x
Short	Kraken Futures PF_AVAXUSD	11.204	0.0215	get 0.0027% / 1h	9m 39s	$4.3M	$12.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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 SunXbpFee Kraken FuturesbpOrdersPrice spread, now −0.365%Rate

Funding earned: $24.09
Price spread: −0.365% → −0.222%: −$14.28
Slippage, 4 orders: −$165.78
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$173.97
Costs to cover: 1.838%
Break-even: 57.6 days

Slippage from SunX: live order book, 42 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 SunX live order book, 42 min ago	41.89 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	4.02 bp	14.1 bp −$14	22.1 bp −$221	59.7 bp −$5,974	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	−0.1363%	1h	11.170	−0.666%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0063%	1h	11.218	−0.235%	$294K	$680K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.212	−0.292%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.205	−0.355%	$5.3M	$8.4M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.214	−0.275%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.211	−0.298%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.209	−0.319%	$15K	$608K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.212	−0.290%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.214	−0.271%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.214	−0.273%	$298K	$107K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.209	−0.319%	$119.6M	$475.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.211	−0.301%	$89.1M	$147.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.209	−0.319%	$20.0M	$130.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.214	−0.275%	$12.2M	$38.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.212	−0.293%	$51.1M	$89.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.217	−0.248%	$15.5M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.213	−0.284%	$34.1M	$53.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.212	−0.293%	—	$84.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.208	−0.328%	$358K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.214	−0.278%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.202	−0.382%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.221	−0.213%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.218	−0.239%	$132K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.217	−0.248%	$197K	$313K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	11.245	long leg	$12K	$719K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.202	−0.382%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.193	−0.462%	$364K	$944K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.207	−0.337%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.211	−0.297%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.200	−0.396%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0215%	1h	11.204	−0.365%	$4.3M	$12.5M	50x
BloFin AVAX-USDT	+0.0220%	8h	11.210	−0.310%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.214	−0.272%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.229	−0.141%	$914K	$6.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.215	−0.262%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0672%	1h	11.229	−0.141%	$43.9M	$48.9M	10x	as long as short