Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0155%/8h= +17.0% APRpaid last 24h −0.014%

Price spread now: Kraken Futures against SunX−0.259%7-day average −0.222% · you buy dearer than you sell

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1781.784% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now −0.259%, 7d avg −0.222%

Together, before fees−0.109%−$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.037% cheaper against SunX than usual: you would sell low and buy high (spread −0.259% now, against its 7-day average of −0.222%). If the spread goes back, that is −$4 on $10k: about 19 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.119%, 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	SunX AVAX-USDT	11.118	0.0100	pay 0.0100% / 8h	6h 19m	$12K	$713K	20x
Short	Kraken Futures PF_AVAXUSD	11.089	0.0255	get 0.0032% / 1h	19m 26s	$4.3M	$11.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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 SunXbpFee Kraken FuturesbpOrdersPrice spread, now −0.259%Rate

Funding earned: $32.61
Price spread: −0.259% → −0.222%: −$3.72
Slippage, 4 orders: −$160.43
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$149.54
Costs to cover: 1.784%
Break-even: 39.1 days

Slippage from SunX: live order book, 22 min ago; Kraken Futures: live order book, 5 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 SunX live order book, 22 min ago	41.89 bp	55.3 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	2.25 bp	11.2 bp −$11	18.9 bp −$189	54.3 bp −$5,427	doesn't fit

AVAX on 35 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	11.080	−0.338%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0111%	1h	11.084	−0.302%	$5.2M	$8.2M	25x	as long as short
Nado AVAX-PERP	−0.0044%	1h	11.095	−0.203%	$285K	$500K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.091	−0.239%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.098	−0.173%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0050%	8h	11.094	−0.212%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.096	−0.194%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.098	−0.176%	$15K	$581K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.096	−0.193%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.097	−0.185%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.095	−0.206%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.098	−0.176%	$118.4M	$455.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.098	−0.176%	$88.3M	$142.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.105	−0.113%	$19.9M	$122.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.099	−0.167%	$48.7M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.105	−0.113%	$15.5M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.098	−0.176%	$33.3M	$50.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.099	−0.167%	—	$83.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.095	−0.203%	$355K	$532K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.095	−0.199%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.112	−0.050%	$355K	$810K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.102	−0.140%	$178K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.106	−0.104%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.107	−0.095%	$195K	$313K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	11.118	long leg	$12K	$713K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.086	−0.284%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.079	−0.352%	$360K	$871K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.090	−0.248%	$29.6M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.092	−0.230%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.080	−0.338%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.101	−0.148%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0255%	1h	11.089	−0.259%	$4.3M	$11.8M	50x
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.121	+0.031%	$904K	$5.8M	50x	as long as short
Hyperliquid AVAX	+0.0392%	1h	11.113	−0.041%	$43.2M	$45.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.088	−0.264%	$235K	—	120x	as long as short