Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.131%

Price spread now: Deribit against KuCoin+0.055%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.546%−$55 on $10k

Price spread, last 4 days (all we have)−0.256%−$26 · spread now +0.055%, 7d avg −0.028%

Together, before fees−0.803%−$80 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.083% dearer against KuCoin than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.028%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.546% in total) that is about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	10.943	0.0100	pay 0.0100% / 8h	3h 29m	$15.3M	$21.7M	75x
Short	Deribit AVAX_USDC-PERPETUAL	10.949	0	get 0.0000% / 1h	29m 35s	$5.0M	$7.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$21
Price spread: +0.055% → −0.028%: $8.29
Slippage, 4 orders: −$27.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$59.09
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Deribit: live order book, 4 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, 4 min ago	0.46 bp	14.8 bp −$15	32.3 bp −$323	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	1.83 bp	7.0 bp −$7	21.1 bp −$211	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	−0.1421%	1h	10.900	−0.393%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.940	−0.025%	$96K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUALshort	0.0000%	1h	10.949	+0.055%	$5.0M	$7.8M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.948	+0.046%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.951	+0.071%	$4.2M	$11.2M	50x	as long as short
Nado AVAX-PERP	+0.0030%	1h	10.938	−0.050%	$284K	$318K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.942	−0.008%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.942	−0.009%	$16K	$452K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.934	−0.082%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.942	−0.009%	$2.2M	$1.1M	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	10.946	+0.030%	$276K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.943	0.000%	$115.1M	$426.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.937	−0.055%	$83.2M	$140.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.942	−0.009%	$20.0M	$112.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.941	−0.018%	$12.1M	$32.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.941	−0.018%	$45.3M	$78.5M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	10.943	long leg	$15.3M	$21.7M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.941	−0.018%	$33.0M	$47.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.937	−0.055%	—	$54.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.944	+0.009%	$372K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.947	+0.033%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.947	+0.038%	$346K	$931K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.950	+0.064%	$176K	$667K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.944	+0.009%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.954	+0.101%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.975	+0.288%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.947	+0.037%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.944	+0.014%	$364K	$770K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.951	+0.073%	$29.2M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.933	−0.088%	$675K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.943	−0.005%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.947	+0.037%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.961	+0.164%	$893K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.941	−0.018%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0314%	1h	10.954	+0.101%	$42.0M	$41.4M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.948	+0.050%	$232K	—	120x	as long as short