Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0114%/8h= +12.5% APRpaid last 24h +0.024%

Price spread now: Kraken Futures against Gate+0.051%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.241%−$24 · spread now +0.051%, 7d avg +0.057%

Together, before fees−0.238%−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	10.984	0.0100	pay 0.0100% / 8h	4h 14m	$12.1M	$34.5M	75x
Short	Kraken Futures PF_AVAXUSD	10.990	0.0214	get 0.0027% / 1h	14m 51s	$4.2M	$11.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.051%Rate

Funding earned: $23.98
Price spread: +0.051% → +0.057%: −$0.61
Slippage, 4 orders: −$30.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$32.27
Costs to cover: 0.556%
Break-even: 16.4 days

Slippage from Gate: live order book, 4 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 Gate live order book, 4 min ago	0.45 bp	13.1 bp −$13	23.0 bp −$230	40.5 bp −$4,045	70.0 bp −$35.0K
Sell Kraken Futures live order book, 4 min ago	1.36 bp	12.7 bp −$13	21.2 bp −$212	58.6 bp −$5,856	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	−0.1423%	1h	10.990	+0.055%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.986	+0.018%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0013%	1h	10.984	+0.002%	$286K	$371K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.987	+0.031%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.986	+0.019%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	10.987	+0.029%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.996	+0.109%	$15K	$550K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.992	+0.069%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.981	−0.027%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.993	+0.081%	$287K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	10.983	−0.012%	$115.7M	$430.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.976	−0.073%	$85.0M	$139.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.983	−0.009%	$20.1M	$114.7M	50x	as long as short
Gate AVAX_USDTlong	+0.0100%	8h	10.984	long leg	$12.1M	$34.5M	75x
MEXC AVAX_USDT	+0.0100%	8h	10.983	−0.009%	$46.2M	$78.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.990	+0.055%	$15.4M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.978	−0.055%	$32.9M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.980	−0.036%	—	$78.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.985	+0.009%	$330K	$525K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.963	−0.195%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.041	+0.517%	$352K	$874K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.040	+0.510%	$178K	$671K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.996	+0.109%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.991	+0.064%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.015	+0.283%	$12K	$713K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.987	+0.027%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.993	+0.086%	$366K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.991	+0.064%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.975	−0.086%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.982	−0.020%	$252K	—	3x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0214%	1h	10.990	+0.051%	$4.2M	$11.3M	50x
BloFin AVAX-USDT	+0.0220%	8h	10.991	+0.064%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.977	−0.064%	$889K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.982	−0.020%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.985	+0.013%	$233K	—	120x	as long as short
Hyperliquid AVAX	+0.0513%	1h	10.996	+0.109%	$42.7M	$42.1M	10x	as long as short