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 +0.003%

Price spread now: KuCoin against Phemex−0.233%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on Phemex Short on KuCoin

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)+0.320%+$32 · spread now −0.233%, 7d avg −0.027%

Together, before fees+0.252%+$25 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 0.207% cheaper against Phemex than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVAXUSDT	11.135	0.0100	pay 0.0100% / 8h	5h 57m	$29.8M	$5.6M	50x
Short	KuCoin AVAXUSDTM	11.109	0.0100	get 0.0100% / 8h	5h 57m	$15.5M	$22.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now −0.233%Rate

Funding earned: $0
Price spread: −0.233% → −0.027%: −$20.68
Slippage, 4 orders: −$38.74
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$83.42
Costs to cover: 0.627%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; KuCoin: live order book, 6 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 Phemex live order book, 6 min ago	2.69 bp	16.9 bp −$17	27.9 bp −$279	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	0.45 bp	17.5 bp −$17	29.7 bp −$297	doesn't fit	doesn't fit

AVAX on 35 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	−0.1374%	1h	11.130	−0.045%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.136	+0.009%	$5.2M	$8.0M	25x	as long as short
Nado AVAX-PERP	−0.0023%	1h	11.149	+0.130%	$287K	$460K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.112	−0.210%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.142	+0.066%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.139	+0.034%	$4.3M	$11.6M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.105	−0.269%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.147	+0.108%	$15K	$567K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.101	−0.301%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.121	−0.122%	$2.3M	$1.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.111	−0.211%	$290K	$113K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.101	−0.305%	$118.5M	$442.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.104	−0.278%	$88.1M	$139.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.103	−0.287%	$20.0M	$119.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.124	−0.099%	$12.1M	$34.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.104	−0.278%	$48.3M	$78.9M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	11.109	−0.233%	$15.5M	$22.0M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.098	−0.332%	$33.3M	$49.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.111	−0.216%	—	$82.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.128	−0.063%	$356K	$500K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.156	+0.185%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	+0.135%	$352K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.154	+0.171%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.156	+0.189%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.147	+0.108%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.196	+0.549%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.137	+0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.139	+0.031%	$362K	$854K	75x	as long as short
Phemex AVAXUSDTlong	+0.0100%	8h	11.135	long leg	$29.8M	$5.6M	50x
Extended AVAX-USD	+0.0104%	1h	11.106	−0.257%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.135	+0.004%	$256K	—	3x	as long as short
Hyperliquid AVAX	+0.0213%	1h	11.124	−0.099%	$43.2M	$44.8M	10x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.157	+0.198%	$904K	$5.6M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.142	+0.065%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.141	+0.050%	$236K	—	120x	as long as short