Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h +0.010%

Price spread now: Kraken Futures against Binance+0.056%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$360.365% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.056%, 7d avg +0.043%

Together, before fees−0.254%−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	10.856	0.0100	pay 0.0100% / 8h	5h 48m	$114.2M	$372.8M	75x
Short	Kraken Futures PF_AVAXUSD	10.862	−0.0056	pay 0.0007% / 1h	48m 19s	$3.7M	$10.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$32.78
Price spread: +0.056% → +0.043%: $1.23
Slippage, 4 orders: −$16.46
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$68.01
Costs to cover: 0.365%
Break-even: never at this rate

Slippage from Binance: 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 Binance live order book, 3 min ago	0.46 bp	6.2 bp −$6	12.0 bp −$120	49.7 bp −$4,970	160.1 bp −$80.0K
Sell Kraken Futures live order book, 4 min ago	1.85 bp	11.3 bp −$11	16.4 bp −$164	47.6 bp −$4,756	doesn't fit

AVAX on 36 exchanges

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
Variational Omni AVAX	−0.0145%	8h	10.831	−0.233%	$3.0M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0111%	8h	10.850	−0.055%	$14.5M	$26.7M	75x	as long as short
SoDEX AVAX-USD	−0.0058%	1h	10.858	+0.018%	$19K	$67K	10x	as long as short
Kraken Futures PF_AVAXUSDshort	−0.0056%	1h	10.862	+0.056%	$3.7M	$10.9M	50x
Bybit AVAXUSDT	−0.0053%	8h	10.855	−0.009%	$84.6M	$131.4M	75x	as long as short
Phemex AVAXUSDT	−0.0013%	8h	10.843	−0.120%	$28.9M	$5.6M	50x	as long as short
Nado AVAX-PERP	−0.0009%	1h	10.846	−0.092%	$276K	$299K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.853	−0.026%	$92K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.862	+0.055%	$5.0M	$6.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.884	+0.258%	$23K	—	150x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.884%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0091%	8h	10.857	+0.009%	$19.3M	$101.8M	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.849	−0.064%	$1.2M	$1.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.849	−0.064%	$23K	$438K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.847	−0.080%	$12K	$62	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.866	+0.092%	$36.2M	$37.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.856	0.000%	$2.2M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.853	−0.028%	$273K	$105K	10x	as long as short
Binance AVAXUSDTlong	+0.0100%	8h	10.856	long leg	$114.2M	$372.8M	75x
MEXC AVAX_USDT	+0.0100%	8h	10.856	0.000%	$52.5M	$69.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.853	−0.028%	$14.2M	$18.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.856	0.000%	$33.1M	$43.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.855	−0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.847	−0.083%	$438K	$521K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.881	+0.227%	$342K	$1.5M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.845	−0.101%	$174K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.856	0.000%	$137K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.863	+0.064%	$233K	$219K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.887	+0.282%	$12K	$774K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.836	−0.186%	$325K	$919K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.854	−0.019%	$617K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.855	−0.009%	$249K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.860	+0.037%	$860K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.844	−0.111%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.832	−0.217%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.856	0.000%	$229K	—	120x	as long as short