Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0582%/8h= +63.8% APRpaid last 24h +0.061%

Price spread now: Hyperliquid against KuCoin+0.106%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 7 days−0.085%−$8 · spread now +0.106%, 7d avg +0.029%

Together, before fees−0.010%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Hyperliquid is 0.077% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.029%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.074% in total (about 3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	11.317	0.0100	pay 0.0100% / 8h	2h 02m	$16.5M	$24.5M	75x
Short	Hyperliquid AVAX	11.329	0.0682	get 0.0085% / 1h	2m 25s	$44.0M	$58.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.106%Rate

Funding earned: $122.3
Price spread: +0.106% → +0.029%: $7.68
Slippage, 4 orders: −$22.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $86.08
Costs to cover: 0.439%
Break-even: 2.1 days

Slippage from KuCoin: live order book, 6 min ago; Hyperliquid: live order book, 11 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, 6 min ago	1.76 bp	15.2 bp −$15	27.9 bp −$279	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.44 bp	6.6 bp −$7	11.2 bp −$112	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
Deribit AVAX_USDC-PERPETUAL	−0.0191%	1h	11.331	+0.124%	$5.4M	$9.3M	25x	as long as short
Variational Omni AVAX	−0.0076%	8h	11.354	+0.331%	$3.1M	$2.2M	—	as long as short
Nado AVAX-PERP	−0.0075%	1h	11.319	+0.020%	$299K	$958K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.270	−0.415%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.318	+0.012%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.332	+0.133%	$16K	—	150x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.358	+0.362%	$997K	$8.4M	50x	as long as short
Gate AVAX_USDT	+0.0071%	8h	11.316	−0.009%	$12.7M	$40.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.314	−0.027%	$1.3M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.313	−0.035%	$12K	$704K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0098%	8h	11.311	−0.055%	$13K	$766	20x	as long as short
OKX AVAX-USDT-SWAP	+0.0099%	8h	11.313	−0.035%	$20.4M	$149.1M	50x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.317	−0.003%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.316	−0.012%	$301K	$121K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.312	−0.047%	$121.3M	$535.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.315	−0.018%	$91.1M	$156.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.314	−0.027%	$54.7M	$110.8M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	11.317	long leg	$16.5M	$24.5M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.312	−0.044%	$34.8M	$60.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.313	−0.035%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.332	+0.133%	$341K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.353	+0.319%	$359K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.350	+0.292%	$186K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.318	+0.009%	$135K	$485K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.340	+0.203%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.357	+0.355%	$12K	$724K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.331	+0.124%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.323	+0.055%	$365K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.328	+0.097%	$30.5M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.311	−0.052%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.326	+0.080%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.323	+0.053%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.312	−0.042%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0253%	1h	11.338	+0.190%	$4.6M	$13.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.331	+0.127%	$244K	—	120x	as long as short
Hyperliquid AVAXshort	+0.0682%	1h	11.329	+0.106%	$44.0M	$58.6M	10x