Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: KuCoin against SunX−0.137%7-day average −0.271% · you buy dearer than you sell

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$176as in the Price arb table

costs, in and out, $10k−$1891.893% of the position

Long on SunX 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 3 days (all we have)+0.066%+$7 · spread now −0.137%, 7d avg −0.271%

Together, before fees−0.047%−$5 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 0.134% dearer against SunX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.271%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	11.271	0.0100	pay 0.0100% / 8h	1h 30m	$12K	$730K	20x
Short	KuCoin AVAXUSDTM	11.256	0.0100	get 0.0100% / 8h	1h 30m	$16.4M	$24.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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 SunXbpFee KuCoinbpOrdersPrice spread, now −0.137%Rate

Funding earned: $0
Price spread: −0.137% → −0.271%: $13.45
Slippage, 4 orders: −$169.32
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$175.87
Costs to cover: 1.893%
Break-even: never at this rate

Slippage from SunX: live order book, 42 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 SunX live order book, 42 min ago	41.86 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	1.77 bp	20.2 bp −$20	41.5 bp −$415	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	−0.545%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.250	−0.190%	$5.3M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0017%	1h	11.241	−0.270%	$297K	$895K	10x	as long as short
Variational Omni AVAX	−0.0016%	8h	11.259	−0.109%	$3.0M	$2.4M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.251	−0.185%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.252	−0.170%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.252	−0.169%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.247	−0.216%	$16K	$691K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.237	−0.305%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.254	−0.154%	$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	11.247	−0.216%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.257	−0.128%	$120.4M	$526.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.257	−0.128%	$88.9M	$157.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.257	−0.128%	$20.3M	$146.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.251	−0.181%	$12.6M	$40.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.250	−0.190%	$52.2M	$100.0M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	11.256	−0.137%	$16.4M	$24.6M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.256	−0.137%	$34.2M	$60.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.250	−0.190%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.252	−0.172%	$360K	$570K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.261	−0.091%	$360K	$898K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.282	+0.094%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.252	−0.172%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.255	−0.146%	$202K	$301K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	11.271	long leg	$12K	$730K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.250	−0.190%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.252	−0.177%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.249	−0.199%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.252	−0.173%	$673K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.254	−0.153%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.257	−0.128%	$909K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.243	−0.252%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.248	−0.206%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0403% / S −0.0247%	1h	11.252	−0.169%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0614%	1h	11.269	−0.021%	$43.6M	$57.2M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.258	−0.121%	$4.6M	$13.5M	50x	as long as short