Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0675%/8h= +73.9% APRpaid last 24h +0.054%

Price spread now: Kraken Futures against Variational Omni−0.553%7-day average +0.101% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.103%+$10 on $10k

Price spread, last 3 days (all we have)+0.501%+$50 · spread now −0.553%, 7d avg +0.101%

Together, before fees+0.604%+ Points / potential airdropVariational Omni: Active · farm board+$60 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.654% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.553% now, against its 7-day average of +0.101%). If the spread goes back, that is −$65 on $10k: about 3.2 days of funding at the current rate (+$20 a day). At the pace of the last 3 days (+0.103% in total) that is about 21 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.103% in total (about 11.5% a year). A funding rate is set anew for every payment. 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	Variational Omni AVAX	11.261	−0.0043	get 0.0043% / 8h	1h 46m	$3.0M	$2.3M	—
Short	Kraken Futures PF_AVAXUSD	11.198	0.0632	get 0.0079% / 1h	46m 45s	$4.6M	$13.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.553%Rate

Funding earned: $141.76
Price spread: −0.553% → +0.101%: −$65.38
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $66.38
Costs to cover: 0.100%
Break-even: 3.7 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Kraken Futures: live order book, 2 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 2 min ago	3.16 bp	doesn't fit	14.0 bp −$140	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	2.23 bp	11.6 bp −$12	19.6 bp −$196	53.5 bp −$5,347	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
Injective AVAX/USDC PERP	−0.0570%	1h	11.140	−1.070%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0107%	1h	11.190	−0.626%	$5.3M	$9.3M	25x	as long as short
Variational Omni AVAXlong	−0.0043%	8h	11.261	long leg	$3.0M	$2.3M	—
dYdX AVAX-USD	0.0000%	1h	11.221	−0.347%	$98K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.196	−0.571%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0023%	1h	11.201	−0.524%	$295K	$912K	10x	as long as short
Gate AVAX_USDT	+0.0094%	8h	11.191	−0.618%	$12.5M	$39.9M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.191	−0.620%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.201	−0.529%	$14K	$696K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.217	−0.383%	$13K	$766	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.190	−0.630%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.218	−0.375%	$298K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.192	−0.609%	$119.9M	$528.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.191	−0.618%	$87.7M	$157.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.192	−0.609%	$20.1M	$146.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.191	−0.618%	$52.2M	$99.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.195	−0.582%	$16.1M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.189	−0.635%	$33.9M	$60.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.191	−0.618%	—	$89.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.193	−0.600%	$357K	$579K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.257	−0.031%	$356K	$885K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.217	−0.387%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.203	−0.511%	$133K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.208	−0.467%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.218	−0.380%	$12K	$726K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.191	−0.618%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.216	−0.400%	$361K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.192	−0.609%	$30.1M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.187	−0.650%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.191	−0.618%	$257K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.205	−0.493%	$903K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.193	−0.600%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.192	−0.606%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.196	−0.572%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0493%	1h	11.207	−0.475%	$43.4M	$57.9M	10x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0632%	1h	11.198	−0.553%	$4.6M	$13.6M	50x