AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0254%/8h= −27.8% APRnext payment −$0.32 per $10,000 · paid last 24h −0.013%

Price spread now: dYdX against Kraken Futures−0.060%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$310as in the Funding arb table

Net, price: spread back to 7d avg − costs−$302as in the Price arb table

costs, in and out, $10k−$3013.014% of the position

Long on Kraken Futures Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 3 days (all we have)+0.082%+$8 · spread now −0.060%, 7d avg −0.054%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.089% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	11.145	0.0254	pay 0.0032% / 1h	57m 45s	$4.3M	$12.4M	50x
Short	dYdX AVAX-USD	11.139	0	get 0.0000% / 1h	57m 45s	$102K	$105K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$53.34
Price spread: −0.060% → −0.054%: −$0.59
Slippage, 4 orders: −$281.41
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$355.34
Costs to cover: 3.014%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; dYdX: live order book, 11 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, 1 min ago	3.59 bp	15.2 bp −$15	19.6 bp −$196	90.3 bp −$9,027	doesn't fit
Sell dYdX live order book, 11 min ago	130.74 bp	135.7 bp −$136	136.5 bp −$1,365	140.4 bp −$14.0K	162.5 bp −$81.2K

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
Injective AVAX/USDC PERP	−0.1423%	1h	11.090	−0.498%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0053%	1h	11.149	+0.032%	$291K	$578K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.139	−0.058%	$5.2M	$8.3M	25x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	11.139	−0.060%	$102K	$105K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.141	−0.039%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.145	−0.005%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.149	+0.032%	$17K	$600K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.139	−0.055%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.146	+0.008%	$2.3M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.145	−0.006%	$296K	$107K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.142	−0.031%	$118.8M	$473.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.141	−0.040%	$88.6M	$146.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.139	−0.058%	$19.9M	$128.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.140	−0.049%	$12.1M	$36.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.139	−0.058%	$49.6M	$81.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.145	−0.004%	$15.2M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.143	−0.022%	$33.8M	$53.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.143	−0.022%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.148	+0.023%	$356K	$550K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.112	−0.304%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.119	−0.236%	$350K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.164	+0.166%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.156	+0.094%	$131K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.150	+0.041%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.181	+0.323%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.142	−0.031%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.143	−0.027%	$363K	$942K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.143	−0.022%	$29.9M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.140	−0.047%	$668K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.143	−0.023%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.161	+0.139%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.150	+0.043%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0254%	1h	11.145	long leg	$4.3M	$12.4M	50x
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.161	+0.139%	$901K	$6.3M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.142	−0.028%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0493%	1h	11.161	+0.139%	$43.6M	$49.1M	10x	as long as short