Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.138%

Price spread now: KuCoin against Deribit+0.036%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs+$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.546%+$55 on $10k

Price spread, last 4 days (all we have)+0.242%+$24 · spread now +0.036%, 7d avg +0.027%

Together, before fees+0.788%+$79 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.167	0	get 0.0000% / 1h	40m 56s	$5.2M	$7.9M	25x
Short	KuCoin AVAXUSDTM	11.171	0.0100	get 0.0100% / 8h	4h 40m	$15.8M	$21.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now +0.036%Rate

Funding earned: $21
Price spread: +0.036% → +0.027%: $0.9
Slippage, 4 orders: −$21.9
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$18.99
Costs to cover: 0.409%
Break-even: 13.3 days

Slippage from Deribit: 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 Deribit live order book, 3 min ago	1.35 bp	4.8 bp −$5	108.7 bp −$1,087	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.90 bp	15.1 bp −$15	26.5 bp −$265	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	11.080	−0.779%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0027%	1h	11.147	−0.179%	$287K	$373K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.144	−0.202%	$97K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUALlong	0.0000%	1h	11.167	long leg	$5.2M	$7.9M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.164	−0.026%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.167	−0.002%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.156	−0.099%	$16K	$580K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.150	−0.156%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.165	−0.021%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.149	−0.158%	$291K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.177	+0.090%	$118.5M	$427.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.174	+0.063%	$88.8M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.176	+0.081%	$20.4M	$116.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.165	−0.018%	$12.2M	$34.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.169	+0.018%	$48.2M	$77.6M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	11.171	+0.036%	$15.8M	$21.6M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.176	+0.081%	$33.5M	$48.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.168	+0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.171	+0.036%	$337K	$520K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.161	−0.050%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	−0.151%	$356K	$835K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.153	−0.125%	$179K	$674K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.160	−0.063%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.175	+0.072%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.182	+0.131%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.168	+0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.162	−0.042%	$367K	$835K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.169	+0.018%	$29.8M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.174	+0.059%	$684K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.163	−0.039%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.171	+0.037%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.167	0.000%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.151	−0.143%	$891K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.156	−0.098%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.164	−0.028%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0623%	1h	11.183	+0.143%	$43.3M	$42.5M	10x	as long as short