Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h +0.075%

Price spread now: Kraken Futures against Variational Omni+0.435%7-day average +0.100% · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.111%+$11 on $10k

Price spread, last 4 days (all we have)−0.369%−$37 · spread now +0.435%, 7d avg +0.100%

Together, before fees−0.258%+ Points / potential airdropVariational Omni: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.336% dearer against Variational Omni than usual: you sell high and buy low (spread +0.435% now, against its 7-day average of +0.100%): +$34 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 10 days. Mind the row above: over the last 4 days funding on this pair paid +0.111%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	10.667	−0.0077	get 0.0077% / 8h	16m 46s	$2.9M	$2.2M	—
Short	Kraken Futures PF_AVAXUSD	10.713	−0.0184	pay 0.0023% / 1h	16m 46s	$3.8M	$11.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.435%Rate

Funding earned: −$22.43
Price spread: +0.435% → +0.100%: $33.57
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1.15
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; 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 Variational Omni RFQ quote, 2 min ago	3.23 bp	doesn't fit	12.4 bp −$124	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	1.40 bp	12.7 bp −$13	20.0 bp −$200	57.7 bp −$5,769	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
Kraken Futures PF_AVAXUSDshort	−0.0184%	1h	10.713	+0.435%	$3.8M	$11.6M	50x
Nado AVAX-PERP	−0.0176%	1h	10.704	+0.346%	$289K	$329K	10x	as long as short
Variational Omni AVAXlong	−0.0077%	8h	10.667	long leg	$2.9M	$2.2M	—
dYdX AVAX-USD	0.0000%	1h	10.723	+0.527%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.713	+0.435%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.712	+0.429%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0011%	8h	10.719	+0.491%	$13.2M	$30.8M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.875%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0091%	8h	10.721	+0.510%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.721	+0.511%	$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	10.703	+0.341%	$25K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.730	+0.594%	$36.8M	$41.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.722	+0.518%	$2.2M	$896K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.725	+0.547%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.722	+0.515%	$113.4M	$406.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.717	+0.472%	$81.9M	$139.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.716	+0.463%	$18.8M	$108.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.721	+0.510%	$52.8M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.717	+0.472%	$13.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.720	+0.500%	$32.5M	$46.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.721	+0.510%	—	$53.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.719	+0.491%	$437K	$547K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.702	+0.332%	$344K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.703	+0.341%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.706	+0.369%	$134K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.719	+0.491%	$232K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.734	+0.633%	$12K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.711	+0.416%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.725	+0.551%	$326K	$863K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.713	+0.435%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.715	+0.455%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.710	+0.411%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.705	+0.360%	$4.7M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.712	+0.425%	$851K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.705	+0.358%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.711	+0.420%	$226K	—	120x	as long as short