Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0100%/8hpaid last 24h +0.024%

Price spread now: KuCoin against dYdX−0.068%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$2012.006% of the position

Long on dYdX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 3 days (all we have)+0.051%+$5 · spread now −0.068%, 7d avg +0.003%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.071% cheaper against dYdX than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.003%). If the spread goes back, that is −$7 on $10k: about 2.4 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.096% in total) that is about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	11.004	0	get 0.0000% / 1h	22m 27s	$84K	$157K	10x
Short	KuCoin AVAXUSDTM	10.996	0.0100	get 0.0100% / 8h	4h 22m	$15.5M	$25.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against dYdX. 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 dYdXbpFee KuCoinbpOrdersPrice spread, now −0.068%Rate

Funding earned: $21
Price spread: −0.068% → +0.003%: −$7.12
Slippage, 4 orders: −$178.62
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$186.73
Costs to cover: 2.006%
Break-even: 69.2 days

Slippage from dYdX: live order book, 11 min ago; KuCoin: live order book, 11 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 dYdX live order book, 11 min ago	74.43 bp	89.3 bp −$89	214.0 bp −$2,140	234.3 bp −$23.4K	236.1 bp −$118.1K
Sell KuCoin live order book, 11 min ago	1.37 bp	18.4 bp −$18	32.8 bp −$328	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
Nado AVAX-PERP	−0.0304%	1h	10.983	−0.182%	$314K	$968K	10x	as long as short
Variational Omni AVAX	−0.0276%	8h	10.965	−0.346%	$2.9M	$2.0M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0204%	1h	10.997	−0.059%	$5.2M	$10.0M	25x	as long as short
Bybit AVAXUSDT	−0.0094%	8h	10.994	−0.086%	$86.2M	$149.0M	75x	as long as short
OKX AVAX-USDT-SWAP	−0.0066%	8h	10.993	−0.095%	$19.2M	$145.2M	50x	as long as short
Gate AVAX_USDT	−0.0056%	8h	10.995	−0.077%	$12.0M	$40.3M	75x	as long as short
Backpack AVAX_USDC_PERP	−0.0044%	1h	10.996	−0.068%	$298K	$543K	15x	as long as short
SoDEX AVAX-USD	−0.0028%	1h	10.996	−0.068%	$18K	$72K	10x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.004	long leg	$84K	$157K	10x
Coinbase International AVAX-PERP-INTX	0.0000%	1h	10.993	−0.095%	$810K	$8.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.997	−0.059%	$12K	—	150x	as long as short
Phemex AVAXUSDT	+0.0014%	8h	10.995	−0.077%	$29.4M	$4.9M	50x	as long as short
Bitget AVAXUSDT	+0.0028%	8h	10.994	−0.086%	$33.6M	$63.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.970	−0.304%	$17K	$68K	12x	as long as short
BingX AVAX-USDC	+0.0034%	8h	11.000	−0.032%	—	$6.5M	—	as long as short
MEXC AVAX_USDT	+0.0035%	8h	10.997	−0.059%	$49.8M	$114.8M	200x	as long as short
Binance AVAXUSDT	+0.0036%	8h	10.999	−0.044%	$117.7M	$550.3M	75x	as long as short
Aster AVAXUSDT	+0.0037%	8h	10.999	−0.045%	$2.2M	$2.1M	75x	as long as short
Extended AVAX-USD	+0.0040%	1h	11.001	−0.023%	$647K	$2.3M	25x	as long as short
Paradex AVAX-USD-PERP	+0.0060%	8h	11.001	−0.025%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0072%	1h	10.996	−0.070%	$1.2M	$3.1M	10x	as long as short
Aevo AVAX-PERP	+0.0088%	1h	10.992	−0.100%	$252K	—	3x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.997	−0.059%	$16K	$740K	50x	as long as short
Pacifica AVAX	+0.0100%	1h	11.002	−0.017%	$297K	$136K	10x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.996	−0.068%	$15.5M	$25.3M	75x
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.973	−0.277%	$351K	$819K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.976	−0.250%	$177K	$705K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.998	−0.050%	$114K	$473K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.002	−0.014%	$207K	$328K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.015	+0.107%	$12K	$694K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.982	−0.191%	$348K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0143%	8h	10.992	−0.105%	$5.0M	$9.3M	100x	as long as short
Hyperliquid AVAX	+0.0178%	1h	11.010	+0.060%	$40.9M	$59.6M	10x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	10.992	−0.102%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0339%	1h	11.007	+0.027%	$4.6M	$14.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0409% / S −0.0244%	1h	10.995	−0.074%	$237K	—	120x	as long as short