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 −0.071%

Price spread now: Variational Omni against Kraken Futures−0.232%7-day average −0.103% · you buy dearer than you sell

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.113%−$11 on $10k

Price spread, last 4 days (all we have)+0.284%+$28 · spread now −0.232%, 7d avg −0.103%

Together, before fees+0.170%+ Points / potential airdropVariational Omni: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.129% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.232% now, against its 7-day average of −0.103%). If the spread goes back, that is −$13 on $10k: about 5.3 days of funding at the current rate (+$2 a day). Mind the row above: over the last 4 days funding on this pair cost −0.113%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	10.941	0.0020	pay 0.0002% / 1h	19m 29s	$4.2M	$11.0M	50x
Short	Variational Omni AVAX	10.916	0.0100	get 0.0100% / 8h	3h 19m	$2.9M	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.232%Rate

Funding earned: $16.87
Price spread: −0.232% → −0.103%: −$12.88
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.01
Costs to cover: 0.100%
Break-even: 9.5 days

Slippage unknown: Kraken Futures: live order book, 4 min ago; Variational Omni: RFQ quote, 5 min ago. 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, 4 min ago	2.29 bp	10.2 bp −$10	14.3 bp −$143	46.9 bp −$4,688	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	3.20 bp	doesn't fit	8.4 bp −$84	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	10.860	−0.740%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.930	−0.103%	$96K	$96K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.939	−0.018%	$5.0M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.942	+0.010%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0020%	1h	10.941	long leg	$4.2M	$11.0M	50x
Nado AVAX-PERP	+0.0032%	1h	10.933	−0.068%	$284K	$309K	10x	as long as short
Gate AVAX_USDT	+0.0084%	8h	10.932	−0.082%	$12.3M	$32.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.934	−0.068%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.932	−0.082%	$7K	$448K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.929	−0.111%	$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	10.932	−0.083%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.932	−0.078%	$275K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.934	−0.066%	$114.8M	$419.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.929	−0.109%	$82.8M	$138.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.934	−0.064%	$19.8M	$110.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.927	−0.128%	$45.5M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.936	−0.045%	$15.1M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.932	−0.082%	$32.9M	$47.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.929	−0.109%	—	$54.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.936	−0.045%	$372K	$547K	15x	as long as short
Variational Omni AVAXshort	+0.0100%	8h	10.916	−0.232%	$2.9M	$2.2M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.921	−0.182%	$351K	$945K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.924	−0.155%	$176K	$666K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.934	−0.064%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.947	+0.055%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.971	+0.271%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.938	−0.027%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.938	−0.032%	$359K	$777K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.939	−0.018%	$29.2M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.926	−0.133%	$673K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.935	−0.053%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.923	−0.164%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.933	−0.073%	$891K	$4.8M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.930	−0.098%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0261%	1h	10.945	+0.037%	$42.0M	$40.3M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0279%	1h	10.943	+0.019%	$238K	—	120x	as long as short