Funding arb · Price arb /

AVAX

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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 +0.010%

Price spread now: KuCoin against MEXC+0.064%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days−0.068%−$7 · spread now +0.064%, 7d avg −0.003%

Together, before fees−0.115%−$12 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 0.067% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	11.016	0.0100	pay 0.0100% / 8h	4h 19m	$46.7M	$78.1M	200x
Short	KuCoin AVAXUSDTM	11.023	0.0100	get 0.0100% / 8h	4h 19m	$15.5M	$21.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → −0.003%: $6.65
Slippage, 4 orders: −$22.04
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$27.38
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 4 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 MEXC live order book, 5 min ago	0.45 bp	1.1 bp −$1	3.9 bp −$39	15.3 bp −$1,525	72.8 bp −$36.4K
Sell KuCoin live order book, 4 min ago	0.45 bp	15.3 bp −$15	29.5 bp −$295	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	−0.1423%	1h	10.990	−0.236%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0113%	1h	11.012	−0.036%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0020%	1h	11.019	+0.027%	$286K	$370K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.020	+0.036%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.016	+0.002%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.018	+0.020%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.020	+0.036%	$15K	$550K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.018	+0.018%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.022	+0.058%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.022	+0.054%	$287K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.014	−0.018%	$116.9M	$428.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.012	−0.036%	$87.4M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.014	−0.018%	$20.2M	$114.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.016	0.000%	$12.1M	$34.3M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	11.016	long leg	$46.7M	$78.1M	200x
KuCoin AVAXUSDTMshort	+0.0100%	8h	11.023	+0.064%	$15.5M	$21.7M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.012	−0.036%	$33.0M	$47.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.014	−0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.023	+0.064%	$331K	$522K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.013	−0.023%	$2.8M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.049	+0.300%	$350K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.021	+0.045%	$177K	$670K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.016	0.000%	$129K	$335K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.019	+0.027%	$194K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.047	+0.283%	$12K	$709K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.014	−0.018%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.005	−0.103%	$360K	$814K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.012	−0.036%	$29.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.010	−0.058%	$682K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.011	−0.050%	$253K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.009	−0.063%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.018	+0.018%	$5.0M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.017	+0.009%	$882K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.011	−0.044%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.015	−0.011%	$234K	—	120x	as long as short
Hyperliquid AVAX	+0.0545%	1h	11.031	+0.136%	$42.8M	$42.0M	10x	as long as short