Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: KuCoin against dYdX−0.086%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$293as in the Funding arb table

Net, price: spread back to 7d avg − costs−$312as in the Price arb table

costs, in and out, $10k−$3043.035% of the position

Long on dYdX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.086%, 7d avg +0.004%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.089% cheaper against dYdX than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of +0.004%). If the spread goes back, that is −$9 on $10k: about 3.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	10.881	0	get 0.0000% / 1h	59m 08s	$92K	$111K	10x
Short	KuCoin AVAXUSDTM	10.872	0.0100	get 0.0100% / 8h	6h 59m	$14.0M	$19.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against dYdX. 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 dYdXbpFee KuCoinbpOrdersPrice spread, now −0.086%Rate

Funding earned: $21
Price spread: −0.086% → +0.004%: −$8.95
Slippage, 4 orders: −$281.55
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$291.5
Costs to cover: 3.035%
Break-even: 104.2 days

Slippage from dYdX: live order book, 35 min ago; KuCoin: live order book, 10 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 dYdX live order book, 35 min ago	81.97 bp	170.7 bp −$171	172.5 bp −$1,725	180.3 bp −$18.0K	194.8 bp −$97.4K
Sell KuCoin live order book, 10 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	−0.0185%	1h	10.879	−0.020%	$3.8M	$11.5M	50x	as long as short
Phemex AVAXUSDT	−0.0108%	8h	10.873	−0.076%	$29.0M	$5.6M	50x	as long as short
Variational Omni AVAX	−0.0094%	8h	10.874	−0.063%	$3.0M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0058%	1h	10.873	−0.076%	$19K	$68K	10x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	10.881	long leg	$92K	$111K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.878	−0.031%	$4.9M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.897	+0.143%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.115%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0036%	8h	10.884	+0.025%	$14.2M	$28.0M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.878	−0.029%	$12K	$62	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	10.876	−0.054%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.882	+0.006%	$19K	$474K	50x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.874	−0.063%	$274K	$311K	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.879	−0.026%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.890	+0.076%	$274K	$126K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.874	−0.067%	$114.6M	$387.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.876	−0.049%	$84.9M	$135.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.881	−0.003%	$19.4M	$106.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.883	+0.015%	$55.4M	$72.0M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.872	−0.086%	$14.0M	$19.8M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.882	+0.006%	$33.1M	$44.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.883	+0.015%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.887	+0.052%	$440K	$527K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.889	+0.071%	$341K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.897	+0.144%	$175K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.886	+0.043%	$137K	$245K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.882	+0.006%	$235K	$221K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.909	+0.254%	$12K	$777K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.883	+0.020%	$336K	$868K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.870	−0.104%	$621K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.873	−0.077%	$250K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	10.885	+0.034%	$857K	$5.3M	50x	as long as short
Hyperliquid AVAX	+0.0198%	1h	10.899	+0.162%	$36.1M	$39.8M	10x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.873	−0.076%	$4.7M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.871	−0.095%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.892	+0.099%	$230K	—	120x	as long as short