AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.034%

Price spread now: Coinbase International against Kraken Futures+0.031%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

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

costs, in and out, $10k−$520.521% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.256%+$26 on $10k

Price spread, last 3 days (all we have)−0.029%−$3 · spread now +0.031%, 7d avg +0.010%

Together, before fees+0.226%+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.021% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	11.101	0.0255	pay 0.0032% / 1h	39m 09s	$4.3M	$12.2M	50x
Short	Coinbase International AVAX-PERP-INTX	11.104	0.0288	get 0.0036% / 1h	39m 09s	$908K	$6.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.031%Rate

Funding earned: $6.92
Price spread: +0.031% → +0.010%: $2.06
Slippage, 4 orders: −$32.09
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$43.11
Costs to cover: 0.521%
Break-even: 50.6 days

Slippage from Kraken Futures: live order book, 5 min ago; Coinbase International: 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 Kraken Futures live order book, 5 min ago	4.05 bp	11.6 bp −$12	13.1 bp −$131	48.0 bp −$4,797	doesn't fit
Sell Coinbase International live order book, 5 min ago	3.60 bp	13.4 bp −$13	20.0 bp −$200	doesn't fit	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	−0.1423%	1h	10.990	−0.996%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0033%	1h	11.091	−0.082%	$285K	$521K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.086	−0.129%	$102K	$96K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.096	−0.041%	$5.2M	$8.3M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.097	−0.037%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0032%	8h	11.097	−0.032%	$12.1M	$36.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.097	−0.029%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.080	−0.185%	$15K	$598K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.080	−0.186%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.094	−0.059%	$2.3M	$1.4M	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	11.082	−0.164%	$294K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.100	−0.003%	$118.1M	$470.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.100	−0.005%	$88.4M	$146.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.099	−0.014%	$19.9M	$126.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.099	−0.014%	$48.9M	$82.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.102	+0.013%	$15.5M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.097	−0.032%	$33.4M	$52.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.099	−0.014%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.103	+0.022%	$355K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.080	−0.187%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.084	−0.149%	$349K	$808K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.118	+0.157%	$179K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.104	+0.031%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.100	−0.005%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.125	+0.223%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.099	−0.014%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.097	−0.037%	$361K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.101	+0.004%	$29.6M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.092	−0.074%	$668K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.094	−0.059%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.117	+0.148%	$5.0M	$6.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.098	−0.020%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0255%	1h	11.101	long leg	$4.3M	$12.2M	50x
Coinbase International AVAX-PERP-INTXshort	+0.0288%	1h	11.104	+0.031%	$908K	$6.0M	50x
Hyperliquid AVAX	+0.0423%	1h	11.114	+0.121%	$43.3M	$46.9M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.095	−0.053%	$235K	—	120x	as long as short