Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h 0.000%

Price spread now: Kraken Futures against SunX−0.257%7-day average −0.224% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1751.746% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.257%, 7d avg −0.224%

Together, before fees−0.090%−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.033% cheaper against SunX than usual: you would sell low and buy high (spread −0.257% now, against its 7-day average of −0.224%). If the spread goes back, that is −$3 on $10k: about 8.6 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.113%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	10.763	0.0100	pay 0.0100% / 8h	1h 16m	$11K	$768K	20x
Short	Kraken Futures PF_AVAXUSD	10.736	0.0113	get 0.0014% / 1h	16m 11s	$3.8M	$12.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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 SunXbpFee Kraken FuturesbpOrdersPrice spread, now −0.257%Rate

Funding earned: $2.66
Price spread: −0.257% → −0.224%: −$3.26
Slippage, 4 orders: −$156.57
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$175.17
Costs to cover: 1.746%
Break-even: 467.4 days

Slippage from SunX: live order book, 46 min ago; Kraken Futures: 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 SunX live order book, 46 min ago	41.92 bp	55.3 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	0.47 bp	12.0 bp −$12	17.6 bp −$176	51.3 bp −$5,128	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
Nado AVAX-PERP	−0.0198%	1h	10.736	−0.255%	$282K	$341K	10x	as long as short
Variational Omni AVAX	−0.0056%	8h	10.732	−0.295%	$2.8M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0029%	1h	10.738	−0.236%	$4.8M	$7.1M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.738	−0.237%	$92K	$119K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.741	−0.205%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0028%	8h	10.734	−0.273%	$12.9M	$32.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.032%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0084%	1h	10.736	−0.255%	$18K	$72K	10x	as long as short
Bybit AVAXUSDT	+0.0086%	8h	10.729	−0.320%	$81.8M	$146.0M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.735	−0.264%	$12K	$212	20x	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	10.736	−0.256%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.738	−0.236%	$21K	$446K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.744	−0.180%	$37.3M	$43.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.735	−0.264%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.742	−0.202%	$270K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.732	−0.292%	$113.9M	$423.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.728	−0.329%	$18.9M	$112.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.733	−0.282%	$45.5M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.737	−0.245%	$13.8M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.733	−0.282%	$32.5M	$48.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.732	−0.292%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.736	−0.255%	$438K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.747	−0.152%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.740	−0.217%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.736	−0.255%	$135K	$353K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.742	−0.199%	$231K	$255K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	10.763	long leg	$11K	$768K	20x
HTX AVAX-USDT	+0.0100%	8h	10.736	−0.259%	$326K	$907K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.739	−0.227%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.731	−0.302%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.732	−0.295%	$247K	—	3x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0113%	1h	10.736	−0.257%	$3.8M	$12.1M	50x
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.747	−0.152%	$857K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.734	−0.273%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.735	−0.261%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.738	−0.240%	$227K	—	120x	as long as short