Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.030%

Price spread now: KuCoin against gTrade (Gains Network)+0.041%105s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.041% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AVAX/USD	10.847	L +0.0002% / S −0.0002%	pay 0.0000% / 1h	43m 30s	$23K	—	150x
Short	KuCoin AVAXUSDTM	10.851	0.0100	get 0.0100% / 8h	5h 43m	$14.2M	$18.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now +0.041%Rate

Funding earned: $20.66
Price spread: +0.041% → 0.000%: $4.15
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $2.81
Costs to cover: 0.220%
Break-even: 6.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 3 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	0.46 bp	15.6 bp −$16	30.1 bp −$301	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AVAX on 36 exchanges

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
Variational Omni AVAX	−0.0148%	8h	10.848	+0.011%	$3.1M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0114%	8h	10.849	+0.023%	$14.5M	$26.7M	75x	as long as short
SoDEX AVAX-USD	−0.0061%	1h	10.848	+0.014%	$18K	$67K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.852	+0.048%	$3.7M	$10.8M	50x	as long as short
Bybit AVAXUSDT	−0.0056%	8h	10.848	+0.014%	$84.6M	$131.2M	75x	as long as short
Nado AVAX-PERP	−0.0023%	1h	10.842	−0.037%	$275K	$298K	10x	as long as short
Phemex AVAXUSDT	−0.0009%	8h	10.848	+0.014%	$28.9M	$5.6M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.853	+0.057%	$92K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.852	+0.051%	$5.0M	$6.6M	25x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0002%	1h	10.847	long leg	$23K	—	150x

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.797%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0087%	8h	10.849	+0.023%	$19.2M	$101.4M	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.850	+0.033%	$1.2M	$1.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.845	−0.014%	$23K	$437K	50x	as long as short
Binance AVAXUSDT	+0.0098%	8h	10.846	−0.009%	$114.0M	$372.1M	75x	as long as short
MEXC AVAX_USDT	+0.0099%	8h	10.847	+0.005%	$52.4M	$69.4M	200x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.843	−0.033%	$12K	$62	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.863	+0.152%	$36.2M	$37.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.846	−0.004%	$2.2M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.856	+0.088%	$273K	$105K	10x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.851	+0.041%	$14.2M	$18.8M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.844	−0.023%	$33.1M	$43.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.844	−0.023%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.855	+0.078%	$438K	$520K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.850	+0.031%	$341K	$1.5M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.840	−0.060%	$154K	$675K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.843	−0.032%	$137K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.853	+0.060%	$234K	$208K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.876	+0.267%	$11K	$774K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.841	−0.046%	$325K	$911K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.837	−0.084%	$619K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.843	−0.032%	$249K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.860	+0.124%	$860K	$5.0M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.845	−0.014%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.836	−0.093%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0445% / S −0.0296%	1h	10.844	−0.023%	$230K	—	120x	as long as short