Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.007%

Price spread now: Paradex against Kraken Futures+0.083%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.083% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.083% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	10.712	0.0113	pay 0.0014% / 1h	52m 11s	$4.2M	$11.4M	50x
Short	Paradex AVAX-USD-PERP	10.721	0.0096	get 0.0096% / 8h	1h 52m	$12K	$212	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$3.58
Price spread: +0.083% → 0.000%: $8.34
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$9.25
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.

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, 2 min ago	2.33 bp	11.7 bp −$12	16.9 bp −$169	46.4 bp −$4,641	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado AVAX-PERP	−0.0203%	1h	10.711	−0.011%	$287K	$339K	10x	as long as short
Variational Omni AVAX	−0.0033%	8h	10.709	−0.033%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.720	+0.070%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.715	+0.026%	$4.8M	$7.3M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.717	+0.049%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0032%	8h	10.713	+0.008%	$12.7M	$32.0M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.446%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0087%	1h	10.709	−0.030%	$18K	$72K	10x	as long as short
Bybit AVAXUSDT	+0.0091%	8h	10.700	−0.114%	$81.7M	$147.5M	75x	as long as short
Paradex AVAX-USD-PERPshort	+0.0096%	8h	10.721	+0.083%	$12K	$212	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.711	−0.011%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.713	+0.008%	$23K	$436K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.724	+0.110%	$37.6M	$43.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.708	−0.036%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.725	+0.118%	$269K	$132K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.702	−0.095%	$113.8M	$429.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.709	−0.030%	$18.7M	$113.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.713	+0.008%	$45.2M	$80.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.713	+0.008%	$13.6M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.711	−0.011%	$32.5M	$49.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.712	−0.002%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.724	+0.110%	$428K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.712	−0.002%	$347K	$1.0M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.720	+0.073%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.715	+0.026%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.723	+0.101%	$231K	$351K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.750	+0.353%	$12K	$764K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.709	−0.034%	$344K	$876K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.709	−0.030%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.709	−0.033%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.713	+0.008%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0113%	1h	10.712	long leg	$4.2M	$11.4M	50x
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.736	+0.222%	$934K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.714	+0.017%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.709	−0.027%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.717	+0.047%	$227K	—	120x	as long as short