Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.009%

Price spread now: BingX against Kraken Futures+0.011%7-day average −0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.011%, 7d avg −0.071%

Together, before fees+0.137%+$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.082% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.071%): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 21 days. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	10.737	0.0113	pay 0.0014% / 1h	17m 06s	$3.8M	$12.1M	50x
Short	BingX AVAX-USDT	10.738	0.0100	get 0.0100% / 8h	1h 17m	—	$54.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$2.66
Price spread: +0.011% → −0.071%: $8.16
Slippage, 4 orders: −$8.39
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$22.89
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; BingX: live order book, 7 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 Kraken Futures live order book, 2 min ago	0.47 bp	5.5 bp −$5	9.9 bp −$99	50.6 bp −$5,063	doesn't fit
Sell BingX live order book, 7 min ago	0.47 bp	5.5 bp −$5	6.7 bp −$67	10.2 bp −$1,022	24.4 bp −$12.2K

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
Nado AVAX-PERP	−0.0198%	1h	10.739	+0.025%	$282K	$341K	10x	as long as short
Variational Omni AVAX	−0.0056%	8h	10.732	−0.049%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.744	+0.070%	$92K	$119K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.740	+0.029%	$4.8M	$7.1M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.741	+0.041%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0028%	8h	10.738	+0.011%	$12.9M	$32.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.216%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0087%	1h	10.739	+0.020%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.736	−0.011%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.737	+0.001%	$81.8M	$146.0M	75x	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	10.738	+0.013%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.738	+0.011%	$21K	$443K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.751	+0.132%	$37.4M	$43.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.741	+0.039%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.742	+0.044%	$270K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.741	+0.039%	$114.3M	$424.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.738	+0.011%	$18.9M	$112.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.741	+0.039%	$45.5M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.739	+0.020%	$13.8M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.740	+0.029%	$32.5M	$48.6M	75x	as long as short
BingX AVAX-USDTshort	+0.0100%	8h	10.738	+0.011%	—	$54.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.743	+0.057%	$438K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.747	+0.094%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.740	+0.029%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.740	+0.029%	$135K	$353K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.744	+0.067%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.769	+0.303%	$12K	$768K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.738	+0.008%	$326K	$907K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.740	+0.029%	$28.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.734	−0.031%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.734	−0.027%	$247K	—	3x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0113%	1h	10.737	long leg	$3.8M	$12.1M	50x
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.747	+0.094%	$857K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.734	−0.027%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.735	−0.014%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.741	+0.043%	$227K	—	120x	as long as short