Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.001%

Price spread now: Kraken Futures against Aster−0.025%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.373%−$37 · spread now −0.025%, 7d avg +0.060%

Together, before fees−0.447%+ Points / potential airdropAster: Stage 5 · farm board−$45 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 0.085% cheaper against Aster than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.174	0.0100	pay 0.0100% / 8h	5h 29m	$2.3M	$1.2M	75x
Short	Kraken Futures PF_AVAXUSD	11.171	0.0045	get 0.0006% / 1h	29m 16s	$4.3M	$11.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$11.5
Price spread: −0.025% → +0.060%: −$8.54
Slippage, 4 orders: −$23.29
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$61.32
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Kraken Futures: live order book, 5 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 Aster live order book, 4 min ago	1.79 bp	10.0 bp −$10	20.2 bp −$202	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	2.24 bp	11.8 bp −$12	19.8 bp −$198	61.2 bp −$6,118	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	11.120	−0.486%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0081%	1h	11.171	−0.025%	$287K	$448K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.167	−0.065%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.172	−0.023%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.171	−0.029%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0045%	1h	11.171	−0.025%	$4.3M	$11.5M	50x
Lighter AVAX	+0.0096%	1h	11.166	−0.072%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.169	−0.047%	$16K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.175	+0.010%	$13K	$434	20x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.174	long leg	$2.3M	$1.2M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.179	+0.042%	$291K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.166	−0.077%	$119.3M	$433.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.165	−0.083%	$88.8M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.167	−0.065%	$20.1M	$117.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.172	−0.020%	$12.2M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.167	−0.065%	$48.0M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.174	−0.002%	$15.7M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.170	−0.038%	$33.5M	$48.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.171	−0.029%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.172	−0.020%	$357K	$497K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.168	−0.054%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.174	−0.007%	$358K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.179	+0.042%	$180K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.173	−0.011%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.178	+0.033%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.202	+0.245%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.167	−0.065%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.168	−0.054%	$366K	$870K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.166	−0.074%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.164	−0.089%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.163	−0.104%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.162	−0.110%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.182	+0.069%	$899K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.170	−0.042%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.170	−0.036%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0495%	1h	11.189	+0.132%	$43.5M	$43.1M	10x	as long as short