Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.003%

Price spread now: Aevo against KuCoin−0.063%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$824as in the Funding arb table

Net, price: spread back to 7d avg − costs−$839as in the Price arb table

costs, in and out, $10k−$8358.352% of the position

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 3 days (all we have)−0.054%−$5 · spread now −0.063%, 7d avg −0.021%

Together, before fees+0.053%+$5 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: Aevo is 0.042% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	11.139	0.0100	pay 0.0100% / 8h	7h 36m	$15.4M	$23.4M	75x
Short	Aevo AVAX-PERP	11.132	0.0104	get 0.0013% / 1h	36m 59s	$256K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now −0.063%Rate

Funding earned: $0.84
Price spread: −0.063% → −0.021%: −$4.23
Slippage, 4 orders: −$807.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$838.59
Costs to cover: 8.352%
Break-even: 6995.2 days

Slippage from KuCoin: live order book, 2 min ago; Aevo: live order book, 37 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 KuCoin live order book, 2 min ago	0.45 bp	11.1 bp −$11	26.4 bp −$264	doesn't fit	doesn't fit
Sell Aevo live order book, 37 min ago	190.29 bp	396.0 bp −$396	doesn't fit	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	−0.1363%	1h	11.100	−0.350%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0199%	1h	11.130	−0.081%	$5.3M	$8.6M	25x	as long as short
Nado AVAX-PERP	−0.0045%	1h	11.133	−0.058%	$292K	$840K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.130	−0.080%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.136	−0.029%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0045%	8h	11.134	−0.045%	$12.2M	$38.1M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.133	−0.050%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.134	−0.045%	$18K	$635K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.131	−0.074%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.136	−0.029%	$2.3M	$1.6M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.133	−0.053%	$296K	$106K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.139	0.000%	$118.5M	$490.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.136	−0.027%	$88.6M	$150.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.135	−0.036%	$19.9M	$135.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.136	−0.027%	$49.0M	$88.4M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	11.139	long leg	$15.4M	$23.4M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.137	−0.018%	$33.7M	$55.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.137	−0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.135	−0.036%	$356K	$558K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.127	−0.110%	$2.9M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.133	−0.056%	$359K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.135	−0.036%	$179K	$689K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.137	−0.018%	$131K	$376K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.140	+0.009%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.160	+0.190%	$12K	$726K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.133	−0.054%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.132	−0.067%	$361K	$957K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.133	−0.054%	$29.9M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.134	−0.048%	$667K	$2.1M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	11.132	−0.063%	$256K	—	3x
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.138	−0.007%	$4.3M	$12.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.131	−0.072%	$5.0M	$6.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.133	−0.055%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.134	−0.045%	$904K	$7.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.135	−0.038%	$249K	—	120x	as long as short
Hyperliquid AVAX	+0.0661%	1h	11.153	+0.126%	$43.5M	$51.0M	10x	as long as short