AVAX

Alert

Funding spread now, next payment 15:00 UTC+0.0307%/8h

next payment, per $10,000+$0.38paid, last 24h+0.094%paid, last 7 days+0.085%to open and close $10k−$41

Long on Kraken Futures Short on Hyperliquid

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.085% in total (about 4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 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	11.134	−0.0086	get 0.0011% / 1h	46m 44s	$4.4M	$22.2M	50x
Short	Hyperliquid AVAX	11.138	0.0222	get 0.0028% / 1h	46m 44s	$42.6M	$84.8M	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee HyperliquidbpOrdersRate

Funding earned: $64.48
Slippage, 4 orders: −$22.17
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $23.31
Break-even: 4.5 days

Slippage from Kraken Futures: live order book, 4 min ago; Hyperliquid: live order book, 8 min ago.

Price risk

price view

Price gap now: +0.037%
Avg gap 7d: −0.004%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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	3.14 bp	11.4 bp −$11	17.0 bp −$170	47.5 bp −$4,755	doesn't fit
Sell Hyperliquid live order book, 8 min ago	1.34 bp	8.7 bp −$9	14.1 bp −$141	doesn't fit	doesn't fit

AVAX on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	−0.1461%	1h	$17K	$48K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0558%	1h	$5.3M	$13.6M	25x	as long as short
Variational Omni AVAX	−0.0148%	8h	$3.0M	$3.5M	—	as long as short
Kraken Futures PF_AVAXUSDlong	−0.0086%	1h	$4.4M	$22.2M	50x
Gate AVAX_USDT	−0.0066%	8h	$12.4M	$54.8M	75x	as long as short
Backpack AVAX_USDC_PERP	−0.0065%	1h	$302K	$662K	15x	as long as short
SoDEX AVAX-USD	−0.0057%	1h	$19K	$120K	10x	as long as short
Polymarket Perps AVAX-USD	−0.0004%	1h	$122K	$540K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	$63K	$180K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	$27K	—	150x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX AVAX-USDT-SWAP	+0.0039%	8h	$21.1M	$215.2M	50x	as long as short
Aster AVAXUSDT	+0.0051%	8h	$2.3M	$3.1M	75x	as long as short
MEXC AVAX_USDT	+0.0054%	8h	$49.4M	$171.6M	200x	as long as short
Binance AVAXUSDT	+0.0054%	8h	$123.5M	$724.6M	75x	as long as short
Phemex AVAXUSDT	+0.0055%	8h	$29.8M	$5.0M	50x	as long as short
Bitget AVAXUSDT	+0.0061%	8h	$33.8M	$89.2M	75x	as long as short
Bybit AVAXUSDT	+0.0061%	8h	$90.3M	$186.6M	75x	as long as short
BingX AVAX-USDC	+0.0067%	8h	—	$6.6M	—	as long as short
KuCoin AVAXUSDTM	+0.0073%	8h	$14.4M	$31.9M	75x	as long as short
ApeX Omni AVAXUSDT	+0.0088%	1h	$140K	$758K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0088%	8h	$13K	$2K	20x	as long as short
Lighter AVAX	+0.0096%	1h	$1.2M	$3.8M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	$9K	$1.0M	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	$256K	—	3x	as long as short
Nado AVAX-PERP	+0.0100%	1h	$326K	$1.9M	10x	as long as short
Pacifica AVAX	+0.0100%	1h	$301K	$178K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	$177K	$474K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	$12K	$872K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	$356K	$1.8M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	$713K	$2.4M	25x	as long as short
BloFin AVAX-USDT	+0.0174%	8h	$5.3M	$13.0M	100x	as long as short
Hyperliquid AVAXshort	+0.0222%	1h	$42.6M	$84.8M	10x
Reya AVAXRUSDPERP	+0.0243%	1h	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0256%	1h	$863K	$13.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0385% / S −0.0219%	1h	$225K	—	120x	as long as short