AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0263%/8h= +28.8% APRnext payment +$0.33 per $10,000 · paid last 24h −0.108%

Price spread now: Deribit against Kraken Futures+0.020%7-day average −0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.550%−$55 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.020%, 7d avg −0.069%

Together, before fees−0.631%−$63 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Deribit is 0.090% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.069%. Mind the row above: over the last 7 days funding on this pair cost −0.550%, 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	Kraken Futures PF_AVAXUSD	10.861	−0.0263	get 0.0033% / 1h	20m 53s	$3.8M	$11.6M	50x
Short	Deribit AVAX_USDC-PERPETUAL	10.863	0	get 0.0000% / 1h	20m 53s	$4.9M	$6.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.020%Rate

Funding earned: $55.28
Price spread: +0.020% → −0.069%: $8.96
Slippage, 4 orders: −$22.21
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $25.03
Costs to cover: 0.392%
Break-even: 3.8 days

Slippage from Kraken Futures: live order book, 3 min ago; Deribit: live order book, 3 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, 3 min ago	2.31 bp	10.4 bp −$10	14.5 bp −$145	66.5 bp −$6,648	doesn't fit
Sell Deribit live order book, 3 min ago	0.93 bp	7.8 bp −$8	64.1 bp −$641	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
Kraken Futures PF_AVAXUSDlong	−0.0263%	1h	10.861	long leg	$3.8M	$11.6M	50x
Phemex AVAXUSDT	−0.0231%	8h	10.850	−0.099%	$28.9M	$5.6M	50x	as long as short
Nado AVAX-PERP	−0.0209%	1h	10.860	−0.012%	$283K	$320K	10x	as long as short
Variational Omni AVAX	−0.0083%	8h	10.849	−0.109%	$3.0M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0067%	1h	10.855	−0.053%	$19K	$68K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.860	−0.004%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUALshort	0.0000%	1h	10.863	+0.020%	$4.9M	$6.7M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.839	−0.202%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.928%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0064%	8h	10.842	−0.173%	$14.0M	$29.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0087%	8h	10.844	−0.154%	$12K	$62	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.854	−0.060%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.855	−0.053%	$22K	$469K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.848	−0.118%	$36.0M	$39.5M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.844	−0.154%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.847	−0.123%	$273K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.836	−0.230%	$114.4M	$389.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.836	−0.228%	$84.7M	$136.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.835	−0.237%	$19.1M	$106.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.838	−0.210%	$53.6M	$79.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.840	−0.191%	$14.0M	$20.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.840	−0.191%	$33.0M	$45.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.835	−0.237%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.859	−0.016%	$440K	$531K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.800	−0.563%	$343K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.804	−0.523%	$174K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.861	+0.002%	$136K	$278K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.866	+0.048%	$235K	$233K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.889	+0.262%	$12K	$770K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.848	−0.116%	$336K	$847K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.831	−0.271%	$619K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.854	−0.064%	$249K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.863	+0.020%	$859K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.855	−0.053%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.854	−0.063%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.854	−0.059%	$229K	—	120x	as long as short