Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.029%

Price spread now: Gate against Kraken Futures+0.021%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$540.541% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.021%, 7d avg −0.055%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.077% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.055%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.005% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	10.727	0.0113	pay 0.0014% / 1h	10m 26s	$3.8M	$12.1M	50x
Short	Gate AVAX_USDT	10.729	0.0027	get 0.0027% / 8h	1h 10m	$12.9M	$32.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.021%Rate

Funding earned: −$18.01
Price spread: +0.021% → −0.055%: $7.66
Slippage, 4 orders: −$29.11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$64.46
Costs to cover: 0.541%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Gate: 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, 4 min ago	1.39 bp	8.3 bp −$8	12.8 bp −$128	40.9 bp −$4,092	doesn't fit
Sell Gate live order book, 3 min ago	0.93 bp	15.9 bp −$16	24.0 bp −$240	36.6 bp −$3,656	54.2 bp −$27.1K

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	−0.0195%	1h	10.726	−0.007%	$282K	$340K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0123%	1h	10.723	−0.035%	$4.8M	$7.0M	25x	as long as short
Variational Omni AVAX	−0.0059%	8h	10.719	−0.077%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.729	+0.025%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.765	+0.355%	$12K	—	150x	as long as short
Gate AVAX_USDTshort	+0.0027%	8h	10.729	+0.021%	$12.9M	$32.4M	75x
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.310%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0086%	1h	10.723	−0.035%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.728	+0.011%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0091%	8h	10.721	−0.054%	$81.9M	$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	10.729	+0.021%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.733	+0.058%	$20K	$466K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.737	+0.096%	$37.3M	$43.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.732	+0.051%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.735	+0.080%	$270K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.726	−0.010%	$113.7M	$421.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.722	−0.044%	$18.9M	$112.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.729	+0.021%	$45.4M	$81.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.725	−0.016%	$13.7M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.727	+0.002%	$32.5M	$48.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.726	−0.007%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.730	+0.030%	$437K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.758	+0.291%	$343K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.760	+0.310%	$174K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.731	+0.040%	$135K	$353K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.732	+0.049%	$231K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.752	+0.239%	$12K	$768K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.723	−0.030%	$326K	$907K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.726	−0.007%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.723	−0.031%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.721	−0.057%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0113%	1h	10.727	long leg	$3.8M	$12.1M	50x
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.734	+0.068%	$855K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.723	−0.035%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.720	−0.061%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.728	+0.014%	$226K	—	120x	as long as short