AVAX

Alert

Funding spread now, next payment 15:00 UTC−0.1376%/8h

next payment, per $10,000−$1.72paid, last 24h−0.119%paid, last 7 days−0.219%to open and closeno order book

Long on Kraken Futures Short on Injective

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.219% in total (about -11.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.72 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	11.186	−0.0085	get 0.0011% / 1h	29m 20s	$4.4M	$21.7M	50x
Short	Injective AVAX/USDC PERP	11.230	−0.1461	pay 0.0183% / 1h	29m 20s	$17K	$48K	12x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee InjectivebpOrdersRate

Funding earned: −$288.9
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$298.92
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.391%
Avg gap 7d: —

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, 1 min ago	4.46 bp	11.3 bp −$11	15.3 bp −$153	47.4 bp −$4,739	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AVAX on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective AVAX/USDC PERPshort	−0.1461%	1h	$17K	$48K	12x
Deribit AVAX_USDC-PERPETUAL	−0.0465%	1h	$5.3M	$13.4M	25x	as long as short
Variational Omni AVAX	−0.0126%	8h	$3.0M	$3.5M	—	as long as short
Kraken Futures PF_AVAXUSDlong	−0.0085%	1h	$4.4M	$21.7M	50x
Gate AVAX_USDT	−0.0059%	8h	$12.5M	$55.0M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	$64K	$180K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	$27K	—	150x	as long as short
Backpack AVAX_USDC_PERP	+0.0016%	1h	$304K	$655K	15x	as long as short
SoDEX AVAX-USD	+0.0019%	1h	$19K	$119K	10x	as long as short
OKX AVAX-USDT-SWAP	+0.0042%	8h	$21.0M	$210.9M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0059%	8h	$30.0M	$5.0M	50x	as long as short
Aster AVAXUSDT	+0.0060%	8h	$2.3M	$3.0M	75x	as long as short
MEXC AVAX_USDT	+0.0061%	8h	$49.7M	$172.4M	200x	as long as short
Binance AVAXUSDT	+0.0061%	8h	$124.0M	$716.0M	75x	as long as short
Bitget AVAXUSDT	+0.0066%	8h	$34.1M	$87.7M	75x	as long as short
BingX AVAX-USDT	+0.0075%	8h	—	$112.3M	—	as long as short
Bybit AVAXUSDT	+0.0079%	8h	$91.6M	$184.3M	75x	as long as short
Nado AVAX-PERP	+0.0082%	1h	$328K	$1.9M	10x	as long as short
KuCoin AVAXUSDTM	+0.0088%	8h	$15.2M	$31.3M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	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	$10K	$1.0M	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	$257K	—	3x	as long as short
Pacifica AVAX	+0.0100%	1h	$303K	$177K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	$141K	$754K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	$122K	$538K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	$178K	$474K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	$12K	$851K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	$357K	$1.6M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	$709K	$2.4M	25x	as long as short
BloFin AVAX-USDT	+0.0181%	8h	$5.2M	$13.1M	100x	as long as short
Hyperliquid AVAX	+0.0189%	1h	$42.8M	$84.5M	10x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0256%	1h	$867K	$12.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0385% / S −0.0220%	1h	$226K	—	120x	as long as short