Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.025%

Price spread now: dYdX against KuCoin−0.003%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$336as in the Funding arb table

Net, price: spread back to 7d avg − costs−$327as in the Price arb table

costs, in and out, $10k−$3273.266% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.003%, 7d avg −0.003%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	11.362	0.0100	pay 0.0100% / 8h	2h 05m	$16.6M	$24.5M	75x
Short	dYdX AVAX-USD	11.362	0	get 0.0000% / 1h	5m 26s	$100K	$115K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$21
Price spread: −0.003% → −0.003%: $0.1
Slippage, 4 orders: −$304.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$347.55
Costs to cover: 3.266%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; dYdX: live order book, 18 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, 3 min ago	1.76 bp	15.2 bp −$15	27.9 bp −$279	doesn't fit	doesn't fit
Sell dYdX live order book, 18 min ago	142.74 bp	147.7 bp −$148	153.7 bp −$1,537	191.3 bp −$19.1K	231.6 bp −$115.8K

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
Deribit AVAX_USDC-PERPETUAL	−0.0279%	1h	11.327	−0.308%	$5.4M	$9.3M	25x	as long as short
Nado AVAX-PERP	−0.0078%	1h	11.356	−0.053%	$300K	$958K	10x	as long as short
Variational Omni AVAX	−0.0076%	8h	11.354	−0.066%	$3.1M	$2.2M	—	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.300	−0.546%	$17K	$152K	12x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	11.362	−0.003%	$100K	$115K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.335	−0.240%	$16K	—	150x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.358	−0.035%	$997K	$8.4M	50x	as long as short
Gate AVAX_USDT	+0.0070%	8h	11.344	−0.158%	$12.7M	$40.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0094%	8h	11.324	−0.334%	$20.4M	$149.3M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.357	−0.044%	$1.3M	$3.3M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	11.359	−0.026%	$12K	$704K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.361	−0.011%	$13K	$766	20x	as long as short
Phemex AVAXUSDT	+0.0098%	8h	11.357	−0.044%	$30.4M	$4.9M	50x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.365	+0.022%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.364	+0.017%	$302K	$121K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.330	−0.280%	$121.6M	$536.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.336	−0.229%	$91.3M	$156.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.333	−0.255%	$55.6M	$110.5M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	11.362	long leg	$16.6M	$24.5M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.326	−0.317%	$34.9M	$61.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.334	−0.246%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.358	−0.035%	$340K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.320	−0.371%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.368	+0.053%	$186K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.351	−0.097%	$135K	$485K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.336	−0.229%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.360	−0.016%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.357	−0.044%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.324	−0.333%	$365K	$1.1M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.362	−0.001%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.321	−0.363%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.368	+0.053%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.342	−0.178%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0253%	1h	11.363	+0.008%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.333	−0.252%	$245K	—	120x	as long as short
Hyperliquid AVAX	+0.0684%	1h	11.359	−0.026%	$44.1M	$58.6M	10x	as long as short