Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h −0.006%

Price spread now: Kraken Futures against Binance+0.078%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 3 days (all we have)−0.181%−$18 · spread now +0.078%, 7d avg +0.049%

Together, before fees−0.238%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.029% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.049%. Mind the row above: over the last 7 days funding on this pair cost −0.057%, 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	Binance AVAXUSDT	11.236	0.0100	pay 0.0100% / 8h	41m 51s	$120.2M	$517.6M	75x
Short	Kraken Futures PF_AVAXUSD	11.245	0.0270	get 0.0034% / 1h	41m 51s	$4.6M	$13.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.078%Rate

Funding earned: $35.7
Price spread: +0.078% → +0.049%: $2.91
Slippage, 4 orders: −$15.57
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $3.04
Costs to cover: 0.356%
Break-even: 6.4 days

Slippage from Binance: live order book, 2 min ago; Kraken Futures: live order book, 2 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 Binance live order book, 2 min ago	0.44 bp	5.4 bp −$5	11.7 bp −$117	44.3 bp −$4,426	140.0 bp −$70.0K
Sell Kraken Futures live order book, 2 min ago	2.22 bp	11.7 bp −$12	17.1 bp −$171	47.7 bp −$4,769	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	−0.1451%	1h	11.200	−0.320%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.238	+0.018%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0090%	1h	11.245	+0.080%	$297K	$885K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.247	+0.094%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.240	+0.036%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0062%	8h	11.258	+0.197%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.240	+0.037%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.239	+0.027%	$18K	$676K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.241	+0.047%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.240	+0.039%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.250	+0.129%	$299K	$118K	10x	as long as short
Binance AVAXUSDTlong	+0.0100%	8h	11.236	long leg	$120.2M	$517.6M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.235	−0.009%	$89.3M	$155.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.235	−0.009%	$20.2M	$144.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.235	−0.009%	$12.2M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.234	−0.018%	$52.1M	$93.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.243	+0.062%	$15.8M	$24.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.239	+0.027%	$34.3M	$59.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.235	−0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.239	+0.027%	$359K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.246	+0.089%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.250	+0.125%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.241	+0.044%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.247	+0.098%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.270	+0.302%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.238	+0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.229	−0.059%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.240	+0.036%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.233	−0.027%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.235	−0.005%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.248	+0.107%	$5.0M	$7.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.237	+0.010%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0270%	1h	11.245	+0.078%	$4.6M	$13.2M	50x
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.254	+0.160%	$917K	$8.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0420% / S −0.0273%	1h	11.239	+0.031%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0846%	1h	11.255	+0.169%	$43.7M	$55.3M	10x	as long as short