Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.009%

Price spread now: KuCoin against Kraken Futures−0.024%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$520.525% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 3 days (all we have)+0.090%+$9 · spread now −0.024%, 7d avg −0.049%

Together, before fees+0.096%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.025% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	11.141	0.0045	pay 0.0006% / 1h	54m 03s	$4.3M	$11.6M	50x
Short	KuCoin AVAXUSDTM	11.138	0.0100	get 0.0100% / 8h	5h 54m	$15.6M	$21.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. 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 Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now −0.024%Rate

Funding earned: $11.47
Price spread: −0.024% → −0.049%: $2.46
Slippage, 4 orders: −$30.49
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$38.55
Costs to cover: 0.525%
Break-even: 30.5 days

Slippage from Kraken Futures: live order book, 5 min ago; KuCoin: live order book, 5 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 Kraken Futures live order book, 5 min ago	2.69 bp	10.1 bp −$10	15.6 bp −$156	45.5 bp −$4,553	doesn't fit
Sell KuCoin live order book, 5 min ago	0.45 bp	16.1 bp −$16	29.6 bp −$296	doesn't fit	doesn't fit

AVAX on 35 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	−0.1374%	1h	11.060	−0.724%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0075%	1h	11.120	−0.181%	$286K	$453K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.141	+0.003%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.115	−0.226%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.137	−0.031%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0045%	1h	11.141	long leg	$4.3M	$11.6M	50x
Lighter AVAX	+0.0096%	1h	11.135	−0.055%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.123	−0.159%	$15K	$566K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.118	−0.203%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.142	+0.012%	$2.3M	$1.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.122	−0.166%	$290K	$113K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.134	−0.064%	$118.8M	$440.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.135	−0.051%	$88.4M	$139.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.135	−0.051%	$20.0M	$119.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.134	−0.060%	$12.1M	$34.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.137	−0.033%	$48.4M	$78.9M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	11.138	−0.024%	$15.6M	$21.9M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.138	−0.024%	$33.4M	$49.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.133	−0.069%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.136	−0.042%	$356K	$499K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.151	+0.089%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.099	−0.374%	$351K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.104	−0.329%	$178K	$680K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.132	−0.078%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.148	+0.065%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.148	+0.065%	$12K	$702K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.140	−0.006%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.131	−0.087%	$361K	$853K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.130	−0.096%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.130	−0.093%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.136	−0.045%	$256K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.144	+0.030%	$904K	$5.6M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.130	−0.099%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0326%	1h	11.148	+0.065%	$43.4M	$43.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.137	−0.036%	$236K	—	120x	as long as short