Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0379%/8h= −41.5% APRpaid last 24h +0.009%

Price spread now: Kraken Futures against Paradex−0.055%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Kraken Futures is 0.055% cheaper against Paradex than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AVAX-USD-PERP	10.546	0.0096	pay 0.0096% / 8h	2h 26m	$12K	$212	20x
Short	Kraken Futures PF_AVAXUSD	10.540	−0.0283	pay 0.0035% / 1h	26m 34s	$4.2M	$11.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Paradex. 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 ParadexbpFee Kraken FuturesbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$79.61
Price spread: −0.055% → 0.000%: −$5.53
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$99.14
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 2 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 Paradex no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 2 min ago	1.89 bp	8.7 bp −$9	13.9 bp −$139	55.5 bp −$5,551	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1423%	1h	10.760	+2.028%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSDshort	−0.0283%	1h	10.540	−0.055%	$4.2M	$11.5M	50x
Deribit AVAX_USDC-PERPETUAL	−0.0130%	1h	10.536	−0.096%	$4.7M	$7.5M	25x	as long as short
Nado AVAX-PERP	−0.0051%	1h	10.536	−0.101%	$287K	$339K	10x	as long as short
Variational Omni AVAX	−0.0006%	8h	10.571	+0.234%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.540	−0.055%	$87K	$117K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.542	−0.038%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0024%	8h	10.539	−0.068%	$12.1M	$32.7M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0075%	1h	10.535	−0.106%	$367K	$563K	15x	as long as short
Bybit AVAXUSDT	+0.0079%	8h	10.533	−0.125%	$77.8M	$145.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVAX-USD	+0.0080%	1h	10.542	−0.039%	$131K	$355K	10x	as long as short
Paradex AVAX-USD-PERPlong	+0.0096%	8h	10.546	long leg	$12K	$212	20x
Lighter AVAX	+0.0096%	1h	10.529	−0.163%	$1.1M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.544	−0.020%	$18K	$441K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.548	+0.018%	$37.9M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.537	−0.087%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.537	−0.087%	$265K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.543	−0.030%	$112.1M	$430.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.536	−0.096%	$18.6M	$111.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.538	−0.077%	$43.1M	$80.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.525	−0.201%	$13.1M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.541	−0.049%	$31.8M	$49.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.539	−0.068%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.602	+0.530%	$340K	$978K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.606	+0.567%	$171K	$661K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.538	−0.077%	$167K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.581	+0.326%	$11K	$756K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.536	−0.096%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.540	−0.063%	$342K	$803K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.541	−0.049%	$28.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.538	−0.077%	$635K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.533	−0.129%	$242K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.541	−0.049%	$826K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.530	−0.153%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.541	−0.050%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.542	−0.040%	$230K	—	120x	as long as short