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: Gate against Kraken Futures+0.023%7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

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

Long on Kraken Futures Short on Gate

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)+0.167%+$17 · spread now +0.023%, 7d avg −0.057%

Together, before fees+0.164%+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.080% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.057%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.003% in total) that is about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	10.976	0.0214	pay 0.0027% / 1h	16m 12s	$4.2M	$11.3M	50x
Short	Gate AVAX_USDT	10.979	0.0100	get 0.0100% / 8h	4h 16m	$12.1M	$34.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. 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 Kraken FuturesbpFee GatebpOrdersPrice spread, now +0.023%Rate

Funding earned: −$24.04
Price spread: +0.023% → −0.057%: $8.05
Slippage, 4 orders: −$30.64
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$71.64
Costs to cover: 0.556%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Gate: 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 Kraken Futures live order book, 3 min ago	1.36 bp	11.2 bp −$11	14.8 bp −$148	47.0 bp −$4,702	doesn't fit
Sell Gate live order book, 3 min ago	0.45 bp	18.6 bp −$19	27.4 bp −$274	44.2 bp −$4,418	71.3 bp −$35.7K

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	10.950	−0.241%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0115%	1h	10.971	−0.050%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0015%	1h	10.974	−0.018%	$286K	$370K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.977	+0.005%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.973	−0.031%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	10.976	+0.001%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.982	+0.051%	$15K	$549K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.976	0.000%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.986	+0.083%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.992	+0.146%	$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	10.978	+0.014%	$115.6M	$430.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.974	−0.022%	$85.1M	$139.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.978	+0.014%	$20.1M	$114.6M	50x	as long as short
Gate AVAX_USDTshort	+0.0100%	8h	10.979	+0.023%	$12.1M	$34.4M	75x
MEXC AVAX_USDT	+0.0100%	8h	10.981	+0.042%	$46.0M	$78.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.981	+0.042%	$15.4M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.978	+0.014%	$32.9M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.979	+0.023%	—	$78.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.978	+0.014%	$330K	$525K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.963	−0.126%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.017	+0.367%	$352K	$874K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.021	+0.406%	$177K	$670K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.991	+0.133%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.978	+0.014%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.019	+0.388%	$12K	$711K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.975	−0.013%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.972	−0.045%	$365K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.981	+0.042%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.969	−0.065%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.970	−0.059%	$252K	—	3x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0214%	1h	10.976	long leg	$4.2M	$11.3M	50x
BloFin AVAX-USDT	+0.0220%	8h	11.044	+0.615%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.973	−0.031%	$889K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.984	+0.071%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.973	−0.032%	$233K	—	120x	as long as short
Hyperliquid AVAX	+0.0522%	1h	10.992	+0.142%	$42.6M	$42.1M	10x	as long as short