Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: KuCoin against Lighter−0.034%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days+0.094%+$9 · spread now −0.034%, 7d avg +0.030%

Together, before fees+0.156%+ Points / potential airdropLighter: Season 3 · farm board+$16 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: KuCoin is 0.064% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	10.888	0.0096	pay 0.0012% / 1h	58m 48s	$1.2M	$2.0M	10x
Short	KuCoin AVAXUSDTM	10.884	0.0100	get 0.0100% / 8h	6h 58m	$14.1M	$19.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Lighter. 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 LighterbpFee KuCoinbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0.84
Price spread: −0.034% → +0.030%: −$6.36
Slippage, 4 orders: −$35.24
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$52.76
Costs to cover: 0.472%
Break-even: 446.7 days

Slippage from Lighter: live order book, 3 min ago; KuCoin: live order book, 10 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 Lighter live order book, 3 min ago	4.64 bp	4.7 bp −$5	12.9 bp −$129	98.2 bp −$9,821	doesn't fit
Sell KuCoin live order book, 10 min ago	1.38 bp	19.8 bp −$20	30.0 bp −$300	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
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.879	−0.079%	$3.8M	$11.5M	50x	as long as short
Phemex AVAXUSDT	−0.0108%	8h	10.873	−0.135%	$29.0M	$5.6M	50x	as long as short
Variational Omni AVAX	−0.0094%	8h	10.874	−0.121%	$3.0M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0058%	1h	10.873	−0.135%	$19K	$68K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.881	−0.059%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.878	−0.089%	$4.9M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.897	+0.084%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.173%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0036%	8h	10.888	+0.003%	$14.2M	$28.0M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.878	−0.087%	$12K	$62	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAXlong	+0.0096%	1h	10.888	long leg	$1.2M	$2.0M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.882	−0.052%	$19K	$474K	50x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.874	−0.121%	$274K	$311K	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.888	+0.002%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.890	+0.017%	$274K	$126K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.886	−0.016%	$114.7M	$387.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.880	−0.071%	$84.9M	$135.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.881	−0.062%	$19.4M	$106.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.892	+0.039%	$55.4M	$72.0M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.884	−0.034%	$14.1M	$19.8M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.879	−0.080%	$33.1M	$44.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.885	−0.025%	—	$52.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.887	−0.006%	$440K	$527K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.889	+0.012%	$341K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.897	+0.085%	$175K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.886	−0.016%	$137K	$245K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.882	−0.052%	$235K	$221K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.909	+0.196%	$12K	$777K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.883	−0.039%	$336K	$868K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.884	−0.039%	$621K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.873	−0.135%	$250K	—	3x	as long as short
Hyperliquid AVAX	+0.0135%	1h	10.897	+0.085%	$36.1M	$39.8M	10x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	10.885	−0.025%	$857K	$5.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.873	−0.135%	$4.7M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.871	−0.153%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.892	+0.040%	$230K	—	120x	as long as short