Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.027%

Price spread now: Coinbase International against KuCoin−0.137%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$540.540% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.248%+$25 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.137%, 7d avg +0.060%

Together, before fees+0.276%+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.197% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of +0.060%). If the spread goes back, that is −$20 on $10k: about 6.1 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	KuCoin AVAXUSDTM	10.945	0.0100	pay 0.0100% / 8h	4h 09m	$14.0M	$18.2M	75x
Short	Coinbase International AVAX-PERP-INTX	10.930	0.0208	get 0.0026% / 1h	9m 31s	$856K	$4.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.137%Rate

Funding earned: $22.68
Price spread: −0.137% → +0.060%: −$19.68
Slippage, 4 orders: −$31.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$50.97
Costs to cover: 0.540%
Break-even: 22.7 days

Slippage from KuCoin: live order book, 2 min ago; Coinbase International: live order book, 2 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	0.46 bp	12.2 bp −$12	34.3 bp −$343	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	3.21 bp	13.5 bp −$13	17.7 bp −$177	doesn't fit	doesn't fit

AVAX on 36 exchanges

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
Variational Omni AVAX	−0.0162%	8h	10.916	−0.260%	$3.1M	$1.9M	—	as long as short
Kraken Futures PF_AVAXUSD	−0.0113%	1h	10.930	−0.141%	$3.8M	$10.2M	50x	as long as short
Bybit AVAXUSDT	−0.0079%	8h	10.937	−0.073%	$85.6M	$127.5M	75x	as long as short
Gate AVAX_USDT	−0.0078%	8h	10.936	−0.082%	$15.2M	$25.0M	75x	as long as short
Polymarket Perps AVAX-USD	−0.0044%	1h	10.936	−0.082%	$60K	$325K	10x	as long as short
Nado AVAX-PERP	−0.0016%	1h	10.939	−0.055%	$279K	$254K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.941	−0.041%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.928	−0.155%	$5.0M	$6.4M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.927	−0.163%	$24K	—	150x	as long as short
Phemex AVAXUSDT	+0.0014%	8h	10.924	−0.192%	$29.1M	$5.3M	50x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.690%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0034%	8h	10.936	−0.082%	$19.4M	$96.0M	50x	as long as short
SoDEX AVAX-USD	+0.0072%	1h	10.923	−0.201%	$19K	$65K	10x	as long as short
MEXC AVAX_USDT	+0.0095%	8h	10.940	−0.046%	$54.8M	$67.7M	200x	as long as short
Lighter AVAX	+0.0096%	1h	10.940	−0.050%	$1.2M	$1.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.939	−0.055%	$25K	$425K	50x	as long as short
Binance AVAXUSDT	+0.0096%	8h	10.939	−0.057%	$115.6M	$349.2M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.939	−0.051%	$12K	$62	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.940	−0.046%	$2.3M	$1.2M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.942	−0.027%	$275K	$87K	10x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	10.945	long leg	$14.0M	$18.2M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.938	−0.064%	$33.5M	$40.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.941	−0.037%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.929	−0.146%	$388K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.914	−0.282%	$343K	$1.6M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.915	−0.274%	$155K	$680K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.931	−0.128%	$239K	$211K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.955	+0.089%	$12K	$768K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.925	−0.187%	$325K	$917K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.936	−0.080%	$621K	$1.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.919	−0.238%	$251K	—	3x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0208%	1h	10.930	−0.137%	$856K	$4.6M	50x
BloFin AVAX-USDT	+0.0217%	8h	10.927	−0.164%	$4.7M	$5.0M	100x	as long as short
Hyperliquid AVAX	+0.0230%	1h	10.949	+0.037%	$36.6M	$30.7M	10x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.934	−0.104%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0464% / S −0.0317%	1h	10.927	−0.163%	$242K	—	120x	as long as short