Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h +0.010%

Price spread now: Kraken Futures against KuCoin−0.036%52s7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.473% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.036%, 7d avg +0.043%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Kraken Futures is 0.078% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.043%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.003% in total (about 0.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	10.717	0.0100	pay 0.0100% / 8h	7m 33s	$13.8M	$21.6M	75x
Short	Kraken Futures PF_AVAXUSD	10.713	−0.0184	pay 0.0023% / 1h	7m 33s	$3.8M	$11.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$59.68
Price spread: −0.036% → +0.043%: −$7.84
Slippage, 4 orders: −$25.35
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$114.87
Costs to cover: 0.473%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; Kraken Futures: live order book, 1 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 KuCoin live order book, 11 min ago	0.93 bp	13.7 bp −$14	26.0 bp −$260	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	1.87 bp	11.0 bp −$11	19.2 bp −$192	52.6 bp −$5,263	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
Nado AVAX-PERP	−0.0203%	1h	10.716	−0.005%	$289K	$326K	10x	as long as short
Kraken Futures PF_AVAXUSDshort	−0.0184%	1h	10.713	−0.036%	$3.8M	$11.6M	50x
Variational Omni AVAX	−0.0076%	8h	10.702	−0.138%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.711	−0.054%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.716	−0.009%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.716	−0.010%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0011%	8h	10.717	0.000%	$13.2M	$30.9M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.401%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.708	−0.084%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.709	−0.075%	$1.2M	$2.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.717	0.000%	$25K	$466K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.726	+0.084%	$36.8M	$40.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.718	+0.005%	$2.2M	$896K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.714	−0.028%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.717	0.000%	$113.4M	$404.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.715	−0.019%	$81.9M	$139.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.717	0.000%	$18.8M	$107.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.717	0.000%	$52.8M	$80.9M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	10.717	long leg	$13.8M	$21.6M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.717	0.000%	$32.7M	$46.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.717	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.718	+0.009%	$440K	$545K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.708	−0.084%	$337K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.709	−0.075%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.720	+0.028%	$135K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.720	+0.028%	$232K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.745	+0.257%	$12K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.711	−0.056%	$18K	$68K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.710	−0.061%	$327K	$857K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.712	−0.047%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.714	−0.032%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.711	−0.056%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.717	0.000%	$4.6M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.724	+0.065%	$852K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.714	−0.026%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.715	−0.017%	$226K	—	120x	as long as short