Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: KuCoin against Pacifica−0.015%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on Pacifica Short on KuCoin

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)+0.016%+$2 · spread now −0.015%, 7d avg −0.006%

Together, before fees−0.098%+ Points / potential airdropPacifica: Active · farm board−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.271	0.0100	pay 0.0013% / 1h	34m 17s	$299K	$120K	10x
Short	KuCoin AVAXUSDTM	11.269	0.0100	get 0.0100% / 8h	1h 34m	$16.7M	$24.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.006%: −$0.91
Slippage, 4 orders: −$36.91
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$57.81
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from Pacifica: live order book, 49 min ago; KuCoin: live order book, 5 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 Pacifica live order book, 49 min ago	7.51 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.89 bp	21.3 bp −$21	38.4 bp −$384	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	11.220	−0.449%	$17K	$151K	12x	as long as short
Variational Omni AVAX	−0.0025%	8h	11.253	−0.155%	$3.0M	$2.4M	—	as long as short
Nado AVAX-PERP	−0.0001%	1h	11.265	−0.050%	$297K	$896K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.268	−0.021%	$99K	$107K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.281	+0.092%	$5.4M	$9.2M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.276	+0.051%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.272	+0.011%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.264	−0.059%	$16K	$694K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.276	+0.050%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.268	−0.024%	$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 AVAXlong	+0.0100%	1h	11.271	long leg	$299K	$120K	10x
Binance AVAXUSDT	+0.0100%	8h	11.271	+0.005%	$120.5M	$526.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.275	+0.039%	$88.4M	$157.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.280	+0.083%	$20.3M	$146.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.273	+0.021%	$12.6M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.263	−0.068%	$52.2M	$100.0M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	11.269	−0.015%	$16.7M	$24.5M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.279	+0.074%	$34.3M	$60.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.278	+0.065%	—	$89.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.271	+0.003%	$360K	$571K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.255	−0.141%	$360K	$898K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.258	−0.112%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.268	−0.024%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.285	+0.127%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.293	+0.203%	$12K	$729K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.279	+0.074%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.278	+0.070%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.267	−0.032%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.277	+0.056%	$673K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.282	+0.103%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.283	+0.110%	$910K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.268	−0.024%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.262	−0.075%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0402% / S −0.0245%	1h	11.274	+0.033%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0598%	1h	11.284	+0.117%	$43.7M	$57.1M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0627%	1h	11.286	+0.139%	$4.6M	$13.5M	50x	as long as short