Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: KuCoin against Bybit+0.083%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$530.527% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days−0.069%−$7 · spread now +0.083%, 7d avg +0.028%

Together, before fees−0.078%−$8 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 0.055% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVAXUSDT	10.873	0.0100	pay 0.0100% / 8h	7h 02m	$84.9M	$135.6M	75x
Short	KuCoin AVAXUSDTM	10.882	0.0100	get 0.0100% / 8h	7h 02m	$14.0M	$19.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → +0.028%: $5.5
Slippage, 4 orders: −$29.67
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$47.17
Costs to cover: 0.527%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 6 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 Bybit live order book, 2 min ago	0.46 bp	7.9 bp −$8	18.9 bp −$189	56.3 bp −$5,633	doesn't fit
Sell KuCoin live order book, 6 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	−0.0262%	1h	10.917	+0.406%	$3.8M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0152%	1h	10.911	+0.349%	$275K	$311K	10x	as long as short
Phemex AVAXUSDT	−0.0148%	8h	10.908	+0.322%	$29.1M	$5.6M	50x	as long as short
Variational Omni AVAX	−0.0092%	8h	10.907	+0.310%	$3.0M	$2.2M	—	as long as short
SoDEX AVAX-USD	−0.0069%	1h	10.909	+0.331%	$19K	$68K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.885	+0.113%	$93K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.909	+0.331%	$5.0M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.910	+0.340%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.039%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0039%	8h	10.885	+0.110%	$14.2M	$29.8M	75x	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	+0.0091%	8h	10.880	+0.067%	$12K	$62	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.886	+0.124%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.875	+0.018%	$19K	$474K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.901	+0.258%	$36.2M	$39.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.883	+0.092%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.886	+0.121%	$274K	$127K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.876	+0.023%	$114.6M	$387.3M	75x	as long as short
Bybit AVAXUSDTlong	+0.0100%	8h	10.873	long leg	$84.9M	$135.6M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.872	−0.009%	$19.4M	$106.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.879	+0.055%	$54.9M	$80.8M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.882	+0.083%	$14.0M	$19.8M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.880	+0.064%	$33.1M	$44.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.878	+0.046%	—	$52.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.909	+0.331%	$440K	$528K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.915	+0.386%	$352K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.915	+0.386%	$175K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.917	+0.405%	$139K	$236K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.907	+0.313%	$236K	$221K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.938	+0.598%	$12K	$776K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.909	+0.326%	$337K	$868K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.873	+0.003%	$621K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.905	+0.294%	$250K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.923	+0.460%	$860K	$5.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.903	+0.276%	$4.7M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.906	+0.306%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.912	+0.356%	$230K	—	120x	as long as short