Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.030%

Price spread now: KuCoin against Coinbase International−0.028%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$580.584% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.256%−$26 on $10k

Price spread, last 4 days (all we have)+0.165%+$16 · spread now −0.028%, 7d avg −0.056%

Together, before fees−0.092%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.028% dearer against Coinbase International than usual: you sell high and buy low (spread −0.028% now, against its 7-day average of −0.056%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	10.661	0.0216	pay 0.0027% / 1h	53m 11s	$869K	$4.7M	50x
Short	KuCoin AVAXUSDTM	10.658	0.0100	get 0.0100% / 8h	2h 53m	$14.5M	$22.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$24.36
Price spread: −0.028% → −0.056%: $2.8
Slippage, 4 orders: −$36.36
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$79.92
Costs to cover: 0.584%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago	4.69 bp	11.5 bp −$11	16.9 bp −$169	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	0.92 bp	16.6 bp −$17	29.9 bp −$299	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	−0.1423%	1h	10.760	+0.929%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0280%	1h	10.662	+0.013%	$4.1M	$11.1M	50x	as long as short
Polymarket Perps AVAX-USD	−0.0043%	1h	10.654	−0.066%	$131K	$343K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.662	+0.009%	$4.8M	$7.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.659	−0.022%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.658	−0.025%	$12K	—	150x	as long as short
Backpack AVAX_USDC_PERP	+0.0011%	1h	10.667	+0.056%	$371K	$531K	15x	as long as short
Gate AVAX_USDT	+0.0025%	8h	10.655	−0.056%	$12.0M	$31.5M	75x	as long as short
Variational Omni AVAX	+0.0052%	8h	10.727	+0.616%	$2.8M	$2.2M	—	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.653	−0.077%	$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
Lighter AVAX	+0.0096%	1h	10.660	−0.009%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.650	−0.103%	$9K	$441K	50x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.645	−0.150%	$282K	$322K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.673	+0.113%	$39.3M	$41.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.671	+0.092%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.657	−0.037%	$268K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.677	+0.151%	$111.6M	$423.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.664	+0.028%	$79.3M	$142.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.670	+0.084%	$19.1M	$109.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.668	+0.066%	$41.2M	$78.5M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.658	−0.028%	$14.5M	$22.2M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.664	+0.028%	$31.6M	$48.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.667	+0.056%	—	$54.8M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.726	+0.606%	$338K	$950K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.727	+0.619%	$173K	$665K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.664	+0.028%	$187K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.689	+0.265%	$11K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.659	−0.019%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.661	−0.005%	$353K	$789K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.666	+0.047%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.652	−0.088%	$644K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.659	−0.021%	$245K	—	3x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0216%	1h	10.661	long leg	$869K	$4.7M	50x
BloFin AVAX-USDT	+0.0220%	8h	10.651	−0.094%	$4.8M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.649	−0.114%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.658	−0.025%	$233K	—	120x	as long as short