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 0.000%

Price spread now: SunX against Kraken Futures+0.241%7-day average +0.224% · you sell dearer than you buy

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1841.845% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.241%, 7d avg +0.224%

Together, before fees+0.081%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.224%, 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	10.921	0.0020	pay 0.0002% / 1h	16m 23s	$4.2M	$11.0M	50x
Short	SunX AVAX-USDT	10.948	0.0100	get 0.0100% / 8h	3h 16m	$12K	$718K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.241%Rate

Funding earned: $16.87
Price spread: +0.241% → +0.224%: $1.72
Slippage, 4 orders: −$166.45
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$165.87
Costs to cover: 1.845%
Break-even: 75.8 days

Slippage from Kraken Futures: live order book, 3 min ago; SunX: live order book, 65 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	2.29 bp	10.9 bp −$11	13.9 bp −$139	44.3 bp −$4,434	doesn't fit
Sell SunX live order book, 65 min ago	41.87 bp	101.2 bp −$101	doesn't fit	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	−0.1421%	1h	10.880	−0.378%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0025%	1h	10.918	−0.030%	$5.0M	$7.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.921	−0.003%	$96K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.920	−0.011%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0020%	1h	10.921	long leg	$4.2M	$11.0M	50x
Nado AVAX-PERP	+0.0030%	1h	10.918	−0.030%	$283K	$308K	10x	as long as short
Gate AVAX_USDT	+0.0079%	8h	10.917	−0.039%	$12.3M	$32.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.918	−0.025%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.920	−0.012%	$8K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.922	+0.002%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	10.925	+0.031%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.924	+0.022%	$275K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.918	−0.030%	$114.6M	$417.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.914	−0.067%	$82.7M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.916	−0.048%	$19.8M	$110.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.919	−0.021%	$45.5M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.921	−0.003%	$15.0M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.916	−0.048%	$32.9M	$47.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.916	−0.048%	—	$54.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.919	−0.021%	$371K	$546K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.916	−0.052%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.921	−0.003%	$351K	$945K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.938	+0.153%	$176K	$665K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.919	−0.021%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.923	+0.016%	$192K	$310K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	10.948	+0.241%	$12K	$718K	20x
SoDEX AVAX-USD	+0.0100%	1h	10.926	+0.043%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.925	+0.033%	$359K	$775K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.928	+0.061%	$29.2M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.913	−0.076%	$673K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.914	−0.071%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.923	+0.016%	$4.9M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.937	+0.144%	$890K	$4.8M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.915	−0.060%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0247%	1h	10.933	+0.107%	$41.9M	$40.3M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0279%	1h	10.921	−0.006%	$237K	—	120x	as long as short