Funding you earn now, next payment 23:00 UTC+0.0527%/8h= +57.7% APRnext payment +$0.66 per $10,000 · paid last 24h +0.027%
Price spread now: Kraken Futures against Extended−0.204%7-day average +0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 3 days (all we have)+0.168%+$17 · spread now −0.204%, 7d avg +0.113%
=Together, before fees+0.178%+ Points / potential airdropExtended: Active · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.318% cheaper against Extended than usual: you would sell low and buy high (spread −0.204% now, against its 7-day average of +0.113%). If the spread goes back, that is −$32 on $10k: about 2.0 days of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.010% in total) that is about 7 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.010% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.66 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 | Extended AVAX-USD | 11.228 | 0.0104 | pay 0.0013% / 1h | 45m 34s | $669K | $2.2M | 25x |
| Short | Kraken Futures PF_AVAXUSD | 11.205 | 0.0631 | get 0.0079% / 1h | 45m 34s | $4.6M | $13.6M | 50x |
Extended AVAX-USD
Kraken Futures PF_AVAXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $110.72
- Price spread: −0.204% → +0.113%
- −$31.79
- Slippage, 4 orders
- −$19.9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $44.02
- Costs to cover
- 0.349%
- Break-even
- 4.2 days
Slippage from Extended: live order book, 3 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 Extended live order book, 3 min ago | 1.79 bp | 6.8 bp −$7 | 9.0 bp −$90 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 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 | −0.783% | $17K | $151K | 12x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0107% | 1h | 11.197 | −0.275% | $5.3M | $9.3M | 25x | as long as short |
| Variational Omni AVAX | −0.0043% | 8h | 11.261 | +0.291% | $3.0M | $2.3M | — | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 11.229 | +0.009% | $99K | $107K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0004% | 1h | 11.195 | −0.291% | $16K | — | 150x | as long as short |
| Nado AVAX-PERP | +0.0027% | 1h | 11.229 | +0.010% | $296K | $912K | 10x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 11.229 | +0.006% | $1.2M | $3.3M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 11.228 | +0.001% | $15K | $696K | 50x | as long as short |
| Gate AVAX_USDT | +0.0097% | 8h | 11.232 | +0.037% | $12.5M | $39.9M | 75x | as long as short |
| Paradex AVAX-USD-PERP | +0.0099% | 8h | 11.233 | +0.047% | $13K | $766 | 20x | as long as short |
Injective AVAX/USDC PERP
Deribit AVAX_USDC-PERPETUAL
Variational Omni AVAX
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Nado AVAX-PERP
Lighter AVAX
Popdex AVAXUSDT
Gate AVAX_USDT
Paradex AVAX-USD-PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster AVAXUSDT | +0.0100% | 8h | 11.227 | −0.006% | $2.3M | $1.9M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 11.232 | +0.038% | $298K | $120K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 11.228 | −0.001% | $120.2M | $528.7M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 11.226 | −0.017% | $87.9M | $157.8M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 11.226 | −0.017% | $20.2M | $146.6M | 50x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 11.235 | +0.063% | $52.4M | $99.7M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 11.234 | +0.054% | $16.1M | $24.4M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 11.224 | −0.035% | $34.0M | $60.4M | 75x | as long as short |
| BingX AVAX-USDT | +0.0100% | 8h | 11.229 | +0.010% | — | $89.9M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 11.209 | −0.168% | $357K | $579K | 15x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 11.201 | −0.240% | $354K | $885K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 11.206 | −0.195% | $180K | $686K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 11.228 | +0.001% | $133K | $459K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 11.205 | −0.204% | $201K | $301K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.227 | −0.009% | $12K | $727K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 11.199 | −0.257% | $19K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 11.197 | −0.271% | $361K | $1.1M | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 11.201 | −0.240% | $30.1M | $5.0M | 50x | as long as short |
| Extended AVAX-USDlong | +0.0104% | 1h | 11.228 | long leg | $669K | $2.2M | 25x | |
| Aevo AVAX-PERP | +0.0104% | 1h | 11.195 | −0.292% | $257K | — | 3x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0192% | 1h | 11.207 | −0.186% | $903K | $8.3M | 50x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 11.193 | −0.311% | $5.0M | $8.0M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 11.222 | −0.052% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0396% / S −0.0236% | 1h | 11.196 | −0.280% | $236K | — | 120x | as long as short |
| Hyperliquid AVAX | +0.0511% | 1h | 11.238 | +0.090% | $43.5M | $57.9M | 10x | as long as short |
| Kraken Futures PF_AVAXUSDshort | +0.0631% | 1h | 11.205 | −0.204% | $4.6M | $13.6M | 50x |
Aster AVAXUSDT
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDT
Backpack AVAX_USDC_PERP
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Phemex AVAXUSDT
Aevo AVAX-PERP
Coinbase International AVAX-PERP-INTX
BloFin AVAX-USDT
Reya AVAXRUSDPERP
GMX AVAX/USD [AVAX-USDC]
Hyperliquid AVAX