Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h +0.013%

Price spread now: Kraken Futures against Aster−0.017%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.017%, 7d avg +0.053%

Together, before fees−0.086%+ Points / potential airdropAster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Kraken Futures is 0.071% cheaper against Aster than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.053%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.068% in total (about -3.6% 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	Aster AVAXUSDT	10.720	0.0100	pay 0.0100% / 8h	15m 08s	$2.2M	$896K	75x
Short	Kraken Futures PF_AVAXUSD	10.718	−0.0184	pay 0.0023% / 1h	15m 08s	$3.8M	$11.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$59.66
Price spread: −0.017% → +0.053%: −$7.09
Slippage, 4 orders: −$19.85
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$104.6
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Kraken Futures: live order book, 4 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 Aster live order book, 3 min ago	2.34 bp	8.3 bp −$8	17.8 bp −$178	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	1.40 bp	12.7 bp −$13	20.0 bp −$200	57.7 bp −$5,769	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
Kraken Futures PF_AVAXUSDshort	−0.0184%	1h	10.718	−0.017%	$3.8M	$11.6M	50x
Nado AVAX-PERP	−0.0182%	1h	10.716	−0.037%	$289K	$329K	10x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.711	−0.085%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.723	+0.032%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.723	+0.028%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.721	+0.009%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0012%	8h	10.714	−0.056%	$13.2M	$30.8M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.373%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0091%	8h	10.715	−0.046%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.718	−0.021%	$1.2M	$2.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.715	−0.047%	$25K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.722	+0.019%	$36.8M	$41.7M	10x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	10.720	long leg	$2.2M	$896K	75x
Pacifica AVAX	+0.0100%	1h	10.723	+0.026%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.720	0.000%	$113.3M	$406.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.724	+0.037%	$81.9M	$139.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.726	+0.056%	$18.8M	$108.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.719	−0.009%	$52.7M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.724	+0.037%	$13.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.717	−0.028%	$32.5M	$46.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.718	−0.019%	—	$53.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.720	0.000%	$437K	$547K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.702	−0.167%	$344K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.703	−0.158%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.715	−0.047%	$135K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.727	+0.065%	$232K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.746	+0.244%	$11K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.718	−0.019%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.722	+0.021%	$327K	$863K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.720	0.000%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.715	−0.047%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.714	−0.054%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.717	−0.028%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.712	−0.075%	$851K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.713	−0.070%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.719	−0.012%	$226K	—	120x	as long as short