Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: SunX against KuCoin+0.225%54s7-day average +0.267% · you sell dearer than you buy

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1881.883% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.225%, 7d avg +0.267%

Together, before fees+0.040%+$4 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: SunX is 0.042% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.267%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	10.679	0.0100	pay 0.0100% / 8h	1h 02m	$13.6M	$22.6M	75x
Short	SunX AVAX-USDT	10.703	0.0100	get 0.0100% / 8h	1h 02m	$11K	$769K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.225%Rate

Funding earned: $0
Price spread: +0.225% → +0.267%: −$4.21
Slippage, 4 orders: −$168.33
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$192.54
Costs to cover: 1.883%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; SunX: live order book, 59 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	0.93 bp	19.0 bp −$19	30.9 bp −$309	doesn't fit	doesn't fit
Sell SunX live order book, 59 min ago	41.92 bp	101.8 bp −$102	doesn't fit	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
Nado AVAX-PERP	−0.0195%	1h	10.681	+0.023%	$280K	$335K	10x	as long as short
Variational Omni AVAX	−0.0062%	8h	10.713	+0.315%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.678	−0.009%	$4.8M	$6.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.679	+0.004%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.681	+0.019%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0014%	8h	10.677	−0.019%	$12.9M	$32.5M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.758%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0074%	1h	10.677	−0.019%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0083%	8h	10.677	−0.015%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0087%	8h	10.679	0.000%	$81.5M	$143.5M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.673	−0.059%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.682	+0.028%	$25K	$473K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.690	+0.103%	$37.1M	$43.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.687	+0.070%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.682	+0.031%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.681	+0.019%	$113.1M	$419.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.677	−0.019%	$18.8M	$110.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.678	−0.009%	$45.4M	$81.3M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	10.679	long leg	$13.6M	$22.6M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.678	−0.009%	$32.3M	$48.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.678	−0.009%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.677	−0.019%	$435K	$558K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.703	+0.226%	$339K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.702	+0.215%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.679	0.000%	$134K	$347K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.685	+0.056%	$230K	$255K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	10.703	+0.225%	$11K	$769K	20x
HTX AVAX-USDT	+0.0100%	8h	10.678	−0.014%	$325K	$886K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.681	+0.019%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.675	−0.037%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.676	−0.027%	$245K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.678	−0.012%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.729	+0.468%	$853K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.675	−0.037%	$4.6M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.674	−0.049%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.681	+0.021%	$225K	—	120x	as long as short