AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1720%/8h= +188.4% APRnext payment +$2.15 per $10,000 · paid last 24h +0.142%

Price spread now: Kraken Futures against Injective+0.365%7-day average +0.288% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1221.218% of the position

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.256%+$26 on $10k

Price spread, last 3 days (all we have)−1.355%−$135 · spread now +0.365%, 7d avg +0.288%

Together, before fees−1.099%−$110 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$52 a day on $10k at the current rate, and Kraken Futures is 0.077% dearer against Injective than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.288%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.256% in total (about 13.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.15 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	Injective AVAX/USDC PERP	11.210	−0.1451	get 0.0181% / 1h	45m 04s	$17K	$151K	12x
Short	Kraken Futures PF_AVAXUSD	11.251	0.0270	get 0.0034% / 1h	45m 04s	$4.6M	$13.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now +0.365%Rate

Funding earned: $361.3
Price spread: +0.365% → +0.288%: $7.72
Slippage, 4 orders: −$111.82
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $247.18
Costs to cover: 1.218%
Break-even: 2.2 days

Slippage from Injective: live order book, 34 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 Injective live order book, 34 min ago	40.02 bp	57.7 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	2.22 bp	12.2 bp −$12	19.9 bp −$199	60.5 bp −$6,050	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 PERPlong	−0.1451%	1h	11.210	long leg	$17K	$151K	12x
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.244	+0.303%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0088%	1h	11.250	+0.361%	$297K	$885K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.253	+0.382%	$104K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.248	+0.339%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0062%	8h	11.258	+0.429%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.248	+0.336%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.245	+0.312%	$18K	$677K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.250	+0.353%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.249	+0.348%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.257	+0.421%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.246	+0.321%	$120.5M	$518.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.246	+0.321%	$89.5M	$155.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.242	+0.285%	$20.2M	$144.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.245	+0.312%	$12.2M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.246	+0.321%	$52.2M	$93.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.252	+0.375%	$15.8M	$24.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.243	+0.294%	$34.3M	$59.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.246	+0.321%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.245	+0.312%	$360K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.249	+0.345%	$359K	$864K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.244	+0.303%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.248	+0.339%	$134K	$438K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.254	+0.393%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.276	+0.588%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.246	+0.321%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.246	+0.326%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.245	+0.312%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.243	+0.299%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.243	+0.294%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.248	+0.339%	$5.0M	$7.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.244	+0.302%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0270%	1h	11.251	+0.365%	$4.6M	$13.2M	50x
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.263	+0.473%	$917K	$8.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0419% / S −0.0271%	1h	11.246	+0.326%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0858%	1h	11.262	+0.464%	$43.7M	$55.3M	10x	as long as short