Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h +0.018%

Price spread now: Kraken Futures against OKX+0.030%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.030%, 7d avg +0.077%

Together, before fees−0.109%−$11 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 0.047% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.077%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.018% in total (about -0.9% 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	OKX AVAX-USDT-SWAP	10.685	0.0100	pay 0.0100% / 8h	57m 50s	$18.8M	$110.8M	50x
Short	Kraken Futures PF_AVAXUSD	10.688	−0.0185	pay 0.0023% / 1h	57m 50s	$3.8M	$12.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$59.77
Price spread: +0.030% → +0.077%: −$4.66
Slippage, 4 orders: −$18.06
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$102.5
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from OKX: live order book, 1 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 OKX live order book, 1 min ago	0.47 bp	8.2 bp −$8	15.4 bp −$154	56.6 bp −$5,660	doesn't fit
Sell Kraken Futures live order book, 1 min ago	1.87 bp	12.3 bp −$12	19.3 bp −$193	52.7 bp −$5,269	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	−0.0232%	1h	10.682	−0.028%	$281K	$335K	10x	as long as short
Kraken Futures PF_AVAXUSDshort	−0.0185%	1h	10.688	+0.030%	$3.8M	$12.0M	50x
Variational Omni AVAX	−0.0067%	8h	10.666	−0.181%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.687	+0.023%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.693	+0.075%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.691	+0.058%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0012%	8h	10.691	+0.056%	$12.9M	$30.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.702%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0083%	8h	10.683	−0.023%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0084%	8h	10.683	−0.019%	$81.5M	$142.9M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.685	+0.005%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.684	−0.009%	$25K	$472K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.694	+0.089%	$37.2M	$43.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.693	+0.077%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.689	+0.036%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.689	+0.037%	$113.0M	$418.4M	75x	as long as short
OKX AVAX-USDT-SWAPlong	+0.0100%	8h	10.685	long leg	$18.8M	$110.8M	50x
MEXC AVAX_USDT	+0.0100%	8h	10.690	+0.047%	$45.8M	$78.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.691	+0.056%	$13.6M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.688	+0.028%	$32.4M	$48.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.688	+0.028%	—	$54.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.695	+0.094%	$436K	$557K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.669	−0.151%	$339K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.675	−0.094%	$172K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.688	+0.028%	$134K	$347K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.697	+0.112%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.714	+0.271%	$11K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.689	+0.037%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.684	−0.014%	$325K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.690	+0.047%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.686	+0.005%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.684	−0.005%	$245K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.684	−0.009%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.694	+0.084%	$850K	$5.1M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.681	−0.035%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.692	+0.062%	$226K	—	120x	as long as short