AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0159%/8h= −17.4% APRnext payment −$0.20 per $10,000 · paid last 24h +0.011%

Price spread now: Popdex against Kraken Futures−0.185%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on Kraken Futures Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.023%+$2 on $10k

Price spread, last 3 days (all we have)+0.261%+$26 · spread now −0.185%, 7d avg −0.036%

Together, before fees+0.285%+$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Popdex is 0.150% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	11.101	0.0255	pay 0.0032% / 1h	39m 20s	$4.3M	$12.2M	50x
Short	Popdex AVAXUSDT	11.080	0.0096	get 0.0012% / 1h	39m 20s	$15K	$598K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.185%Rate

Funding earned: −$33.4
Price spread: −0.185% → −0.036%: −$14.96
Slippage, 4 orders: −$22.38
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$87.14
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Popdex: live order book, 30 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, 5 min ago	4.05 bp	11.6 bp −$12	13.1 bp −$131	48.0 bp −$4,797	doesn't fit
Sell Popdex live order book, 30 min ago	1.78 bp	5.7 bp −$6	16.3 bp −$163	doesn't fit	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	−0.996%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0033%	1h	11.091	−0.082%	$285K	$521K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.086	−0.129%	$102K	$96K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.096	−0.041%	$5.2M	$8.3M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.097	−0.037%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0032%	8h	11.096	−0.041%	$12.1M	$36.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.075	−0.230%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDTshort	+0.0096%	1h	11.080	−0.185%	$15K	$598K	50x
Paradex AVAX-USD-PERP	+0.0100%	8h	11.080	−0.186%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.071	−0.269%	$2.3M	$1.4M	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	11.082	−0.164%	$294K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.096	−0.041%	$118.1M	$470.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.097	−0.032%	$88.4M	$146.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.094	−0.059%	$19.8M	$126.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.098	−0.023%	$48.9M	$82.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.095	−0.050%	$15.5M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.092	−0.077%	$33.4M	$52.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.096	−0.041%	—	$83.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.068	−0.293%	$354K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.080	−0.187%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.084	−0.149%	$349K	$808K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.118	+0.157%	$179K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.104	+0.031%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.100	−0.005%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.125	+0.223%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.099	−0.014%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.016	−0.766%	$358K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.069	−0.284%	$29.5M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.092	−0.074%	$668K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.094	−0.059%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.117	+0.148%	$5.0M	$6.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.098	−0.020%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0255%	1h	11.101	long leg	$4.3M	$12.2M	50x
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.104	+0.031%	$908K	$6.0M	50x	as long as short
Hyperliquid AVAX	+0.0420%	1h	11.117	+0.148%	$43.3M	$46.9M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.095	−0.053%	$235K	—	120x	as long as short