Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0214%/8h= +23.4% APRpaid last 24h −0.001%

Price spread now: HTX against Kraken Futures−0.084%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$940.939% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$12 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.084%, 7d avg −0.064%

Together, before fees+0.192%+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.064%, so right now this pair is about funding alone: +$6 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 0.115% in total (about 6.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	10.907	−0.0114	get 0.0014% / 1h	55m 57s	$3.8M	$10.7M	50x
Short	HTX AVAX-USDT	10.898	0.0100	get 0.0100% / 8h	4h 55m	$328K	$901K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.084%Rate

Funding earned: $44.85
Price spread: −0.084% → −0.064%: −$1.99
Slippage, 4 orders: −$71.88
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$51.02
Costs to cover: 0.939%
Break-even: 15.0 days

Slippage from Kraken Futures: live order book, 1 min ago; HTX: live order book, 51 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	2.29 bp	9.6 bp −$10	12.1 bp −$121	43.0 bp −$4,299	doesn't fit
Sell HTX live order book, 51 min ago	19.71 bp	32.5 bp −$32	89.0 bp −$890	doesn't fit	doesn't fit

AVAX on 36 exchanges

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
Variational Omni AVAX	−0.0161%	8h	10.905	−0.019%	$3.1M	$1.9M	—	as long as short
Gate AVAX_USDT	−0.0123%	8h	10.906	−0.006%	$14.9M	$24.8M	75x	as long as short
Kraken Futures PF_AVAXUSDlong	−0.0114%	1h	10.907	long leg	$3.8M	$10.7M	50x
Polymarket Perps AVAX-USD	−0.0105%	1h	10.892	−0.134%	$60K	$366K	10x	as long as short
Bybit AVAXUSDT	−0.0092%	8h	10.905	−0.015%	$85.1M	$129.3M	75x	as long as short
Phemex AVAXUSDT	−0.0032%	8h	10.902	−0.042%	$29.1M	$5.5M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.906	−0.010%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.905	−0.015%	$5.0M	$6.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.905	−0.015%	$24K	—	150x	as long as short
Nado AVAX-PERP	+0.0027%	1h	10.895	−0.107%	$280K	$259K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.344%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0052%	8h	10.907	+0.003%	$19.3M	$99.0M	50x	as long as short
SoDEX AVAX-USD	+0.0069%	1h	10.903	−0.033%	$19K	$65K	10x	as long as short
MEXC AVAX_USDT	+0.0093%	8h	10.909	+0.022%	$53.9M	$66.4M	200x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	10.895	−0.110%	$12K	$62	20x	as long as short
Binance AVAXUSDT	+0.0094%	8h	10.910	+0.031%	$115.0M	$362.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.904	−0.027%	$1.2M	$1.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.897	−0.088%	$24K	$428K	50x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.908	+0.015%	$2.3M	$1.2M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.903	−0.031%	$274K	$86K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.911	+0.040%	$14.4M	$18.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.905	−0.015%	$33.2M	$42.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.907	+0.003%	—	$38.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.912	+0.049%	$391K	$566K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.916	+0.087%	$341K	$1.6M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.917	+0.095%	$155K	$679K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.909	+0.022%	$239K	$211K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.927	+0.187%	$12K	$773K	20x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	10.898	−0.084%	$328K	$901K	75x
Extended AVAX-USD	+0.0104%	1h	10.899	−0.069%	$621K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.897	−0.091%	$250K	—	3x	as long as short
Hyperliquid AVAX	+0.0143%	1h	10.925	+0.168%	$36.5M	$36.7M	10x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.902	−0.042%	$853K	$5.0M	50x	as long as short
BloFin AVAX-USDT	+0.0215%	8h	10.903	−0.033%	$4.7M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.893	−0.128%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0464% / S −0.0317%	1h	10.905	−0.011%	$241K	—	120x	as long as short