Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni−0.110%67s7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$650.646% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)−0.524%−$52 · spread now −0.110%, 7d avg −0.038%

Together, before fees−0.620%−$62 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 0.072% cheaper against ApeX Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.038%. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	10.897	0.0100	pay 0.0013% / 1h	58m 15s	$175K	$662K	50x
Short	KuCoin AVAXUSDTM	10.885	0.0100	get 0.0100% / 8h	6h 58m	$14.1M	$19.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. 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 ApeX OmnibpFee KuCoinbpOrdersPrice spread, now −0.110%Rate

Funding earned: $0
Price spread: −0.110% → −0.038%: −$7.17
Slippage, 4 orders: −$42.6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$71.78
Costs to cover: 0.646%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 35 min ago; KuCoin: live order book, 11 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 ApeX Omni live order book, 35 min ago	6.04 bp	14.0 bp −$14	72.4 bp −$724	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	1.38 bp	19.8 bp −$20	30.0 bp −$300	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
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.886	−0.097%	$3.8M	$11.5M	50x	as long as short
Variational Omni AVAX	−0.0094%	8h	10.874	−0.207%	$3.0M	$2.1M	—	as long as short
Phemex AVAXUSDT	−0.0088%	8h	10.881	−0.147%	$29.0M	$5.6M	50x	as long as short
Nado AVAX-PERP	−0.0027%	1h	10.884	−0.119%	$274K	$310K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.888	−0.087%	$93K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.888	−0.083%	$4.9M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.897	−0.001%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0025%	8h	10.886	−0.101%	$14.2M	$28.0M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.257%	$17K	$151K	12x	as long as short
SoDEX AVAX-USD	+0.0086%	1h	10.880	−0.156%	$19K	$68K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0092%	8h	10.881	−0.142%	$12K	$62	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.887	−0.092%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.888	−0.083%	$19K	$474K	50x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.883	−0.128%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.891	−0.051%	$274K	$126K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.883	−0.133%	$114.7M	$387.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.878	−0.174%	$84.8M	$135.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.882	−0.138%	$19.3M	$106.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.886	−0.101%	$55.3M	$72.0M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.885	−0.110%	$14.1M	$19.8M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.886	−0.101%	$33.1M	$44.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.885	−0.110%	—	$52.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.887	−0.092%	$440K	$527K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.889	−0.073%	$341K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	10.897	long leg	$175K	$662K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.893	−0.037%	$137K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.894	−0.028%	$236K	$221K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.917	+0.184%	$12K	$777K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.905	+0.069%	$337K	$930K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.883	−0.133%	$621K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.884	−0.116%	$250K	—	3x	as long as short
Hyperliquid AVAX	+0.0144%	1h	10.900	+0.028%	$36.1M	$39.8M	10x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	10.885	−0.110%	$857K	$5.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.873	−0.220%	$4.7M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.871	−0.238%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.892	−0.045%	$230K	—	120x	as long as short