Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h −0.019%

Price spread now: OKX against Kraken Futures−0.063%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$460.461% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.175%+$18 · spread now −0.063%, 7d avg −0.078%

Together, before fees+0.191%+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.078%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	10.853	0.0020	pay 0.0002% / 1h	6m 20s	$4.2M	$10.9M	50x
Short	OKX AVAX-USDT-SWAP	10.846	0.0100	get 0.0100% / 8h	3h 06m	$19.6M	$109.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.063%Rate

Funding earned: $16.84
Price spread: −0.063% → −0.078%: $1.46
Slippage, 4 orders: −$26.1
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$27.81
Costs to cover: 0.461%
Break-even: 18.6 days

Slippage from Kraken Futures: live order book, 3 min ago; OKX: 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	3.69 bp	10.6 bp −$11	13.7 bp −$137	50.0 bp −$5,000	doesn't fit
Sell OKX live order book, 3 min ago	0.46 bp	10.2 bp −$10	21.3 bp −$213	61.9 bp −$6,191	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	−0.1421%	1h	10.810	−0.395%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0026%	1h	10.851	−0.017%	$4.9M	$7.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.857	+0.040%	$95K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.857	+0.034%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0020%	1h	10.853	long leg	$4.2M	$10.9M	50x
Nado AVAX-PERP	+0.0035%	1h	10.850	−0.026%	$282K	$308K	10x	as long as short
Gate AVAX_USDT	+0.0051%	8h	10.853	+0.001%	$12.3M	$32.7M	75x	as long as short
Variational Omni AVAX	+0.0093%	8h	10.876	+0.218%	$2.9M	$2.2M	—	as long as short
Lighter AVAX	+0.0096%	1h	10.858	+0.046%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.855	+0.020%	$6K	$437K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0097%	8h	10.856	+0.026%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.851	−0.015%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.859	+0.057%	$273K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.854	+0.008%	$113.8M	$416.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.849	−0.035%	$82.0M	$137.9M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	10.846	−0.063%	$19.6M	$109.0M	50x
MEXC AVAX_USDT	+0.0100%	8h	10.856	+0.029%	$44.6M	$79.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.854	+0.011%	$14.9M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.843	−0.091%	$32.3M	$47.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.853	+0.001%	—	$54.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.854	+0.011%	$365K	$523K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.839	−0.126%	$341K	$942K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.848	−0.045%	$174K	$664K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.854	+0.011%	$127K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.857	+0.038%	$191K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.880	+0.249%	$11K	$720K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.849	−0.035%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.851	−0.012%	$357K	$768K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.853	+0.001%	$29.0M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.844	−0.084%	$667K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.843	−0.092%	$249K	—	3x	as long as short
Hyperliquid AVAX	+0.0203%	1h	10.867	+0.130%	$41.0M	$39.8M	10x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.846	−0.063%	$4.8M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.852	−0.008%	$883K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.850	−0.030%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0445% / S −0.0276%	1h	10.857	+0.041%	$237K	—	120x	as long as short