Funding you earn now, next payment 06:00 UTC+0.0386%/8h= +42.2% APRnext payment +$0.48 per $10,000 · paid last 24h −0.016%
Price spread now: Extended against Kraken Futures−0.128%7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$290.294% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.128%, 7d avg −0.107%
=Together, before fees+0.133%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.021% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of −0.107%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$12 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 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 | 10.590 | −0.0282 | get 0.0035% / 1h | 46m 28s | $4.2M | $11.3M | 50x |
| Short | Extended AVAX-USD | 10.576 | 0.0104 | get 0.0013% / 1h | 46m 28s | $638K | $1.4M | 25x |
Kraken Futures PF_AVAXUSD
Extended AVAX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $81.02
- Price spread: −0.128% → −0.107%
- −$2.07
- Slippage, 4 orders
- −$14.36
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $49.59
- Costs to cover
- 0.294%
- Break-even
- 2.7 days
Slippage from Kraken Futures: live order book, 3 min ago; Extended: 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 Kraken Futures live order book, 3 min ago | 0.47 bp | 13.3 bp −$13 | 18.6 bp −$186 | 51.5 bp −$5,147 | doesn't fit |
| Sell Extended live order book, 2 min ago | 1.42 bp | 4.8 bp −$5 | 7.6 bp −$76 | 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 | 10.760 | +1.608% | $17K | $152K | 12x | as long as short |
| Kraken Futures PF_AVAXUSDlong | −0.0282% | 1h | 10.590 | long leg | $4.2M | $11.3M | 50x | |
| ApeX Omni AVAXUSDT | −0.0063% | 1h | 10.619 | +0.277% | $171K | $666K | 50x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0033% | 1h | 10.580 | −0.091% | $4.7M | $7.5M | 25x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 10.582 | −0.075% | $92K | $101K | 10x | as long as short |
| Polymarket Perps AVAX-USD | +0.0001% | 1h | 10.584 | −0.054% | $130K | $347K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 10.584 | −0.052% | $12K | — | 150x | as long as short |
| Gate AVAX_USDT | +0.0013% | 8h | 10.583 | −0.063% | $12.1M | $31.8M | 75x | as long as short |
| Variational Omni AVAX | +0.0037% | 8h | 10.617 | +0.255% | $2.8M | $2.2M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0055% | 1h | 10.575 | −0.139% | $368K | $531K | 15x | as long as short |
Injective AVAX/USDC PERP
ApeX Omni AVAXUSDT
Deribit AVAX_USDC-PERPETUAL
dYdX AVAX-USD
Polymarket Perps AVAX-USD
gTrade (Gains Network) AVAX/USD
Gate AVAX_USDT
Variational Omni AVAX
Backpack AVAX_USDC_PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado AVAX-PERP | +0.0060% | 1h | 10.581 | −0.082% | $289K | $322K | 10x | as long as short |
| Paradex AVAX-USD-PERP | +0.0096% | 8h | 10.587 | −0.026% | $12K | $212 | 20x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 10.583 | −0.063% | $1.2M | $2.6M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 10.585 | −0.044% | $11K | $443K | 50x | as long as short |
| Hyperliquid AVAX | +0.0100% | 1h | 10.589 | −0.006% | $38.1M | $43.1M | 10x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 10.579 | −0.099% | $2.1M | $1.1M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 10.588 | −0.015% | $266K | $130K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 10.585 | −0.044% | $111.1M | $424.5M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 10.577 | −0.120% | $78.5M | $143.0M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 10.583 | −0.063% | $18.5M | $110.2M | 50x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 10.586 | −0.035% | $41.2M | $79.0M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 10.582 | −0.072% | $13.3M | $22.7M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 10.577 | −0.120% | $31.3M | $48.7M | 75x | as long as short |
| BingX AVAX-USDT | +0.0100% | 8h | 10.582 | −0.072% | — | $54.7M | — | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 10.618 | +0.268% | $335K | $950K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 10.588 | −0.016% | $165K | $334K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 10.612 | +0.211% | $12K | $740K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 10.580 | −0.091% | $18K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 10.582 | −0.077% | $350K | $787K | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 10.579 | −0.101% | $28.2M | $5.8M | 50x | as long as short |
| Extended AVAX-USDshort | +0.0104% | 1h | 10.576 | −0.128% | $638K | $1.4M | 25x | |
| Aevo AVAX-PERP | +0.0104% | 1h | 10.576 | −0.124% | $243K | — | 3x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0216% | 1h | 10.584 | −0.054% | $850K | $4.7M | 50x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 10.578 | −0.110% | $4.7M | $5.4M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 10.578 | −0.107% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0444% / S −0.0277% | 1h | 10.578 | −0.111% | $229K | — | 120x | as long as short |
Nado AVAX-PERP
Paradex AVAX-USD-PERP
Lighter AVAX
Popdex AVAXUSDT
Hyperliquid AVAX
Aster AVAXUSDT
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDT
GRVT AVAX_USDT_Perp
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Phemex AVAXUSDT
Aevo AVAX-PERP
Coinbase International AVAX-PERP-INTX
BloFin AVAX-USDT
Reya AVAXRUSDPERP
GMX AVAX/USD [AVAX-USDC]