Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Phemex against KuCoin−0.044%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$630.629% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 3 days (all we have)−0.117%−$12 · spread now −0.044%, 7d avg +0.028%

Together, before fees−0.049%−$5 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: Phemex is 0.073% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	11.259	0.0100	pay 0.0100% / 8h	1h 16m	$16.1M	$24.5M	75x
Short	Phemex AVAXUSDT	11.254	0.0100	get 0.0100% / 8h	1h 16m	$30.2M	$5.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → +0.028%: −$7.27
Slippage, 4 orders: −$38.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$70.18
Costs to cover: 0.629%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Phemex: live order book, 3 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	0.44 bp	14.1 bp −$14	27.7 bp −$277	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	4.44 bp	17.4 bp −$17	25.4 bp −$254	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	−0.0570%	1h	11.210	−0.435%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.254	−0.044%	$5.3M	$9.1M	25x	as long as short
Nado AVAX-PERP	−0.0039%	1h	11.264	+0.040%	$297K	$893K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.261	+0.015%	$104K	$112K	10x	as long as short
Variational Omni AVAX	+0.0001%	8h	11.275	+0.143%	$3.0M	$2.4M	—	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.260	+0.007%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.256	−0.028%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.264	+0.044%	$18K	$684K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.261	+0.019%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.263	+0.033%	$2.3M	$1.8M	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	11.265	+0.056%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.253	−0.051%	$120.5M	$524.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.254	−0.044%	$89.1M	$157.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.253	−0.053%	$20.3M	$146.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.258	−0.009%	$12.4M	$40.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.255	−0.036%	$52.1M	$100.1M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	11.259	long leg	$16.1M	$24.5M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.258	−0.009%	$34.2M	$59.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.253	−0.053%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.254	−0.044%	$361K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.278	+0.166%	$360K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.290	+0.275%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.260	+0.009%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.268	+0.080%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.289	+0.264%	$12K	$732K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.253	−0.053%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.258	−0.013%	$364K	$1.1M	75x	as long as short
Phemex AVAXUSDTshort	+0.0100%	8h	11.254	−0.044%	$30.2M	$5.0M	50x
Extended AVAX-USD	+0.0104%	1h	11.253	−0.051%	$672K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.254	−0.042%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.295	+0.320%	$912K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.264	+0.044%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.258	−0.008%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0408% / S −0.0255%	1h	11.259	0.000%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0616%	1h	11.269	+0.089%	$43.6M	$56.8M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.261	+0.017%	$4.6M	$13.5M	50x	as long as short