Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: ApeX Omni against KuCoin+0.171%52s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.644% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)+1.084%+$108 · spread now +0.171%, 7d avg +0.045%

Together, before fees+1.193%+$119 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: ApeX Omni is 0.127% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.045%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	11.094	0.0100	pay 0.0100% / 8h	6h 44m	$15.4M	$22.9M	75x
Short	ApeX Omni AVAXUSDT	11.113	0.0100	get 0.0013% / 1h	44m 47s	$179K	$682K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.171%Rate

Funding earned: $0
Price spread: +0.171% → +0.045%: $12.66
Slippage, 4 orders: −$42.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$51.73
Costs to cover: 0.644%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; ApeX Omni: live order book, 24 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, 9 min ago	1.35 bp	14.0 bp −$14	35.9 bp −$359	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 24 min ago	4.46 bp	13.7 bp −$14	101.2 bp −$1,012	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	11.050	−0.397%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0201%	1h	11.082	−0.108%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0036%	1h	11.085	−0.081%	$288K	$525K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.088	−0.055%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.086	−0.072%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0080%	8h	11.088	−0.054%	$12.1M	$36.4M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.086	−0.076%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.086	−0.072%	$18K	$600K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.089	−0.045%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.092	−0.018%	$2.3M	$1.4M	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	11.091	−0.025%	$294K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.090	−0.039%	$118.3M	$471.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.088	−0.054%	$88.3M	$146.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.090	−0.036%	$19.8M	$126.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.092	−0.018%	$48.5M	$82.0M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	11.094	long leg	$15.4M	$22.9M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.085	−0.081%	$33.4M	$52.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.086	−0.072%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.091	−0.027%	$355K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.094	−0.002%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.127	+0.297%	$353K	$807K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.113	+0.171%	$179K	$682K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.087	−0.063%	$130K	$369K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.091	−0.027%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.116	+0.196%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.086	−0.072%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.095	+0.014%	$360K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.090	−0.036%	$29.6M	$5.4M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.086	−0.076%	$668K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.080	−0.122%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.117	+0.207%	$5.0M	$6.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.080	−0.123%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.090	−0.033%	$4.3M	$12.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.093	−0.009%	$908K	$6.1M	50x	as long as short
Hyperliquid AVAX	+0.0415%	1h	11.102	+0.072%	$43.2M	$48.1M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.085	−0.077%	$235K	—	120x	as long as short