Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Lighter against KuCoin+0.219%7-day average −0.034% · 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−$5as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 7 days−0.376%−$38 · spread now +0.219%, 7d avg −0.034%

Together, before fees−0.434%+ Points / potential airdropLighter: Season 3 · farm board−$43 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: Lighter is 0.253% dearer against KuCoin than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	10.608	0.0100	pay 0.0100% / 8h	2h 50m	$13.3M	$22.6M	75x
Short	Lighter AVAX	10.631	0.0096	get 0.0012% / 1h	50m 28s	$1.2M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.219%Rate

Funding earned: −$0.84
Price spread: +0.219% → −0.034%: $25.32
Slippage, 4 orders: −$18.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$5.9
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Lighter: 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, 3 min ago	0.47 bp	6.5 bp −$6	6.5 bp −$65	112.2 bp −$11.2K	doesn't fit
Sell Lighter live order book, 2 min ago	5.13 bp	5.3 bp −$5	16.5 bp −$165	87.3 bp −$8,729	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	10.760	+1.433%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0281%	1h	10.632	+0.227%	$4.1M	$11.1M	50x	as long as short
ApeX Omni AVAXUSDT	−0.0251%	1h	10.655	+0.443%	$172K	$666K	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0032%	1h	10.628	+0.189%	$4.8M	$7.6M	25x	as long as short
Polymarket Perps AVAX-USD	−0.0019%	1h	10.612	+0.038%	$131K	$345K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.623	+0.138%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.614	+0.059%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0014%	8h	10.612	+0.038%	$12.1M	$31.6M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0036%	1h	10.639	+0.292%	$370K	$534K	15x	as long as short
Variational Omni AVAX	+0.0037%	8h	10.617	+0.081%	$2.8M	$2.2M	—	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	+0.0096%	8h	10.615	+0.065%	$12K	$212	20x	as long as short
Lighter AVAXshort	+0.0096%	1h	10.631	+0.219%	$1.2M	$2.6M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.610	+0.019%	$9K	$444K	50x	as long as short
SoDEX AVAX-USD	+0.0099%	1h	10.628	+0.189%	$18K	$72K	10x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.613	+0.047%	$281K	$322K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.619	+0.104%	$38.3M	$42.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.625	+0.157%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.627	+0.178%	$268K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.613	+0.045%	$111.2M	$424.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.601	−0.066%	$78.7M	$142.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.605	−0.028%	$19.1M	$109.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.613	+0.047%	$41.1M	$78.7M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	10.608	long leg	$13.3M	$22.6M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.612	+0.038%	$31.4M	$48.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.607	−0.009%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.654	+0.431%	$336K	$950K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.612	+0.038%	$186K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.656	+0.453%	$11K	$737K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.627	+0.184%	$352K	$787K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.634	+0.245%	$28.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.609	+0.011%	$642K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.625	+0.161%	$244K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.621	+0.123%	$860K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.629	+0.198%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.609	+0.008%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.614	+0.057%	$232K	—	120x	as long as short