Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: KuCoin against Popdex−0.036%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$470.465% of the position

Long on Popdex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.036%, 7d avg −0.015%

Together, before fees+0.004%$0 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 0.020% cheaper against Popdex than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	11.264	0.0096	pay 0.0012% / 1h	15m 51s	$18K	$684K	50x
Short	KuCoin AVAXUSDTM	11.260	0.0100	get 0.0100% / 8h	1h 15m	$16.1M	$24.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Popdex. 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 PopdexbpFee KuCoinbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0.84
Price spread: −0.036% → −0.015%: −$2.03
Slippage, 4 orders: −$28.11
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$47.7
Costs to cover: 0.465%
Break-even: 404.5 days

Slippage from Popdex: live order book, 3 min ago; KuCoin: live order book, 3 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 Popdex live order book, 3 min ago	4.89 bp	8.9 bp −$9	18.8 bp −$188	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.44 bp	14.0 bp −$14	30.8 bp −$308	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	11.210	−0.479%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.254	−0.089%	$5.3M	$9.1M	25x	as long as short
Nado AVAX-PERP	−0.0039%	1h	11.264	−0.004%	$297K	$893K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.261	−0.029%	$104K	$112K	10x	as long as short
Variational Omni AVAX	+0.0001%	8h	11.275	+0.098%	$3.0M	$2.4M	—	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.260	−0.037%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.247	−0.151%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDTlong	+0.0096%	1h	11.264	long leg	$18K	$684K	50x
Paradex AVAX-USD-PERP	+0.0099%	8h	11.261	−0.025%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.257	−0.058%	$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 AVAX	+0.0100%	1h	11.265	+0.011%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.245	−0.169%	$120.4M	$524.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.252	−0.107%	$89.1M	$157.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.246	−0.160%	$20.3M	$146.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.254	−0.089%	$12.4M	$40.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.252	−0.107%	$52.1M	$100.1M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	11.260	−0.036%	$16.1M	$24.5M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.246	−0.160%	$34.1M	$60.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.254	−0.089%	—	$89.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.254	−0.089%	$361K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.278	+0.121%	$360K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.290	+0.231%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.260	−0.036%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.268	+0.036%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.289	+0.219%	$12K	$732K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.253	−0.098%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.258	−0.058%	$364K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.254	−0.089%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.250	−0.127%	$672K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.254	−0.086%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.295	+0.275%	$912K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.264	0.000%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.258	−0.053%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0408% / S −0.0255%	1h	11.259	−0.045%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0614%	1h	11.263	−0.009%	$43.5M	$56.8M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.261	−0.027%	$4.6M	$13.5M	50x	as long as short