Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.003%

Price spread now: KuCoin against Aevo−0.059%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$773as in the Funding arb table

Net, price: spread back to 7d avg − costs−$771as in the Price arb table

costs, in and out, $10k−$7627.624% of the position

Long on Aevo Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 4 days (all we have)+0.310%+$31 · spread now −0.059%, 7d avg +0.023%

Together, before fees+0.202%+$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.082% cheaper against Aevo than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	11.005	0.0104	pay 0.0013% / 1h	50m 37s	$253K	—	3x
Short	KuCoin AVAXUSDTM	10.998	0.0100	get 0.0100% / 8h	3h 50m	$15.5M	$21.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aevo. 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 AevobpFee KuCoinbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$0.84
Price spread: −0.059% → +0.023%: −$8.2
Slippage, 4 orders: −$734.42
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$771.47
Costs to cover: 7.624%
Break-even: never at this rate

Slippage from Aevo: live order book, 3 min ago; KuCoin: live order book, 3 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 Aevo live order book, 3 min ago	179.73 bp	354.1 bp −$354	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.36 bp	17.4 bp −$17	36.8 bp −$368	doesn't fit	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	−0.1421%	1h	10.960	−0.404%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0023%	1h	11.005	+0.009%	$286K	$318K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0022%	1h	11.007	+0.023%	$5.1M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.002	−0.027%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.010	+0.050%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	11.004	0.000%	$4.3M	$11.3M	50x	as long as short
ApeX Omni AVAXUSDT	+0.0084%	1h	11.008	+0.032%	$177K	$671K	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.997	−0.067%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.008	+0.032%	$15K	$458K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.995	−0.082%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.002	−0.023%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.999	−0.047%	$277K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.995	−0.086%	$116.0M	$428.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.989	−0.141%	$84.1M	$140.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.994	−0.095%	$20.2M	$113.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.993	−0.105%	$12.1M	$32.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.995	−0.086%	$45.9M	$78.0M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.998	−0.059%	$15.5M	$21.8M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.992	−0.114%	$33.1M	$47.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.991	−0.123%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.002	−0.023%	$370K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.001	−0.036%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.010	+0.049%	$345K	$891K	10x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.008	+0.032%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.014	+0.086%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.038	+0.304%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.002	−0.023%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.004	−0.001%	$366K	$791K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.006	+0.014%	$29.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.989	−0.141%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	11.005	long leg	$253K	—	3x
BloFin AVAX-USDT	+0.0220%	8h	11.000	−0.041%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.018	+0.123%	$897K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.006	+0.011%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0382%	1h	11.011	+0.059%	$42.7M	$41.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.010	+0.053%	$234K	—	120x	as long as short