Funding you earn now, next payment 23:00 UTC+0.0529%/8h= +57.9% APRnext payment +$0.66 per $10,000 · paid last 24h −0.027%
Price spread now: Kraken Futures against Pacifica+0.165%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$460.461% of the position
Funding, last 7 days−0.130%−$13 on $10k
+Price spread, last 3 days (all we have)−0.255%−$26 · spread now +0.165%, 7d avg +0.046%
=Together, before fees−0.385%+ Points / potential airdropPacifica: Active · farm board−$39 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Kraken Futures is 0.119% dearer against Pacifica than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.130%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.130% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.66 per $10,000. 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 | Pacifica AVAX | 11.234 | 0.0100 | pay 0.0013% / 1h | 6m 53s | $298K | $120K | 10x |
| Short | Kraken Futures PF_AVAXUSD | 11.252 | 0.0629 | get 0.0079% / 1h | 6m 53s | $4.6M | $13.5M | 50x |
Pacifica AVAX
Kraken Futures PF_AVAXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $111
- Price spread: +0.165% → +0.046%
- $11.94
- Slippage, 4 orders
- −$28.15
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $76.79
- Costs to cover
- 0.461%
- Break-even
- 2.2 days
Slippage from Pacifica: live order book, 11 min ago; Kraken Futures: live order book, 2 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 Pacifica live order book, 11 min ago | 6.22 bp | 10.8 bp −$11 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 2.22 bp | 10.7 bp −$11 | 16.9 bp −$169 | 47.3 bp −$4,728 | 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 | −0.0570% | 1h | 11.170 | −0.565% | $17K | $151K | 12x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0106% | 1h | 11.243 | +0.084% | $5.3M | $9.1M | 25x | as long as short |
| Nado AVAX-PERP | −0.0041% | 1h | 11.239 | +0.053% | $296K | $892K | 10x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 11.231 | −0.019% | $103K | $111K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 11.243 | +0.082% | $13K | — | 150x | as long as short |
| Variational Omni AVAX | +0.0019% | 8h | 11.219 | −0.129% | $3.0M | $2.4M | — | as long as short |
| Lighter AVAX | +0.0096% | 1h | 11.247 | +0.123% | $1.2M | $3.3M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 11.240 | +0.058% | $18K | $686K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0099% | 8h | 11.228 | −0.049% | $13K | $766 | 20x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 11.248 | +0.128% | $2.3M | $1.8M | 75x | as long as short |
Injective AVAX/USDC PERP
Deribit AVAX_USDC-PERPETUAL
Nado AVAX-PERP
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Variational Omni AVAX
Lighter AVAX
Popdex AVAXUSDT
Paradex AVAX-USD-PERP
Aster AVAXUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica AVAXlong | +0.0100% | 1h | 11.234 | long leg | $298K | $120K | 10x | |
| Binance AVAXUSDT | +0.0100% | 8h | 11.246 | +0.109% | $120.4M | $524.6M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 11.235 | +0.013% | $89.3M | $157.4M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 11.233 | −0.005% | $20.2M | $146.1M | 50x | as long as short |
| Gate AVAX_USDT | +0.0100% | 8h | 11.248 | +0.129% | $12.5M | $40.8M | 75x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 11.251 | +0.156% | $51.5M | $100.3M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 11.251 | +0.156% | $16.0M | $24.4M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 11.237 | +0.031% | $34.1M | $59.9M | 75x | as long as short |
| BingX AVAX-USDT | +0.0100% | 8h | 11.243 | +0.084% | — | $88.9M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 11.250 | +0.147% | $360K | $568K | 15x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 11.242 | +0.071% | $359K | $877K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 11.245 | +0.102% | $181K | $686K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 11.242 | +0.075% | $134K | $459K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 11.251 | +0.156% | $202K | $301K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.272 | +0.342% | $12K | $734K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 11.244 | +0.093% | $19K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 11.230 | −0.027% | $363K | $1.1M | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 11.249 | +0.138% | $30.2M | $5.0M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 11.246 | +0.108% | $669K | $2.2M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 11.245 | +0.104% | $258K | — | 3x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0192% | 1h | 11.248 | +0.129% | $911K | $8.2M | 50x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 11.243 | +0.084% | $5.0M | $8.0M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 11.238 | +0.040% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0411% / S −0.0260% | 1h | 11.243 | +0.083% | $237K | — | 120x | as long as short |
| Hyperliquid AVAX | +0.0591% | 1h | 11.262 | +0.254% | $43.5M | $56.6M | 10x | as long as short |
| Kraken Futures PF_AVAXUSDshort | +0.0629% | 1h | 11.252 | +0.165% | $4.6M | $13.5M | 50x |
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
Gate AVAX_USDT
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDT
Backpack AVAX_USDC_PERP
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Aevo AVAX-PERP
Coinbase International AVAX-PERP-INTX
BloFin AVAX-USDT
Reya AVAXRUSDPERP
GMX AVAX/USD [AVAX-USDC]
Hyperliquid AVAX