Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0155%/8h= +16.9% APRpaid last 24h +0.057%

Price spread now: Kraken Futures against Variational Omni−0.015%7-day average +0.105% · you buy dearer than you sell

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.107%+$11 on $10k

Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.015%, 7d avg +0.105%

Together, before fees+0.188%+ Points / potential airdropVariational Omni: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.120% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.105%). If the spread goes back, that is −$12 on $10k: about 2.6 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	11.122	0.0100	pay 0.0100% / 8h	6h 24m	$2.9M	$2.2M	—
Short	Kraken Futures PF_AVAXUSD	11.120	0.0255	get 0.0032% / 1h	24m 31s	$4.3M	$11.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.015%Rate

Funding earned: $32.46
Price spread: −0.015% → +0.105%: −$12.01
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $10.45
Costs to cover: 0.100%
Break-even: 4.7 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Kraken Futures: live order book, 4 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 Variational Omni RFQ quote, 5 min ago	3.20 bp	doesn't fit	11.8 bp −$118	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	4.50 bp	14.8 bp −$15	21.2 bp −$212	53.0 bp −$5,303	doesn't fit

AVAX on 35 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	−0.1423%	1h	11.080	−0.375%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0043%	1h	11.101	−0.181%	$286K	$508K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.114	−0.069%	$5.2M	$8.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.114	−0.072%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.115	−0.058%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0048%	8h	11.112	−0.087%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.114	−0.069%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.105	−0.150%	$15K	$593K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.103	−0.164%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.113	−0.074%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.116	−0.053%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.107	−0.131%	$118.4M	$459.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.104	−0.159%	$88.5M	$143.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.105	−0.150%	$19.9M	$123.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.107	−0.132%	$48.8M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.117	−0.042%	$15.5M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.103	−0.168%	$33.4M	$51.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.106	−0.141%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.115	−0.060%	$355K	$535K	15x	as long as short
Variational Omni AVAXlong	+0.0100%	8h	11.122	long leg	$2.9M	$2.2M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.120	−0.011%	$355K	$810K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.110	−0.105%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.112	−0.087%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.120	−0.015%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.137	+0.142%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.115	−0.060%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.084	−0.338%	$360K	$938K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.118	−0.033%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.102	−0.176%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.111	−0.096%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.108	−0.125%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0255%	1h	11.120	−0.015%	$4.3M	$11.9M	50x
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.112	−0.087%	$903K	$5.9M	50x	as long as short
Hyperliquid AVAX	+0.0400%	1h	11.129	+0.066%	$43.2M	$45.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.113	−0.074%	$236K	—	120x	as long as short