Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.298%

Price spread now: KuCoin against Injective−0.706%7-day average +0.201% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$1221.225% of the position

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.399%+$40 on $10k

Price spread, last 4 days (all we have)−0.283%−$28 · spread now −0.706%, 7d avg +0.201%

Together, before fees+0.116%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.908% cheaper against Injective than usual: you would sell low and buy high (spread −0.706% now, against its 7-day average of +0.201%). If the spread goes back, that is −$91 on $10k: about 45 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.399% in total) that is about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AVAX/USDC PERP	10.760	0.0033	pay 0.0004% / 1h	55m 08s	$17K	$151K	12x
Short	KuCoin AVAXUSDTM	10.684	0.0100	get 0.0100% / 8h	55m 08s	$13.6M	$22.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now −0.706%Rate

Funding earned: $14
Price spread: −0.706% → +0.201%: −$90.75
Slippage, 4 orders: −$110.46
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$199.24
Costs to cover: 1.225%
Break-even: 106.6 days

Slippage from Injective: live order book, 49 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 Injective live order book, 49 min ago	32.76 bp	60.7 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	0.47 bp	12.4 bp −$12	26.0 bp −$260	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
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.683	−0.716%	$3.8M	$12.0M	50x	as long as short
Nado AVAX-PERP	−0.0144%	1h	10.678	−0.767%	$280K	$335K	10x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.658	−0.952%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.675	−0.791%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.687	−0.678%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.678	−0.762%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0007%	8h	10.689	−0.660%	$13.0M	$30.4M	75x	as long as short
Injective AVAX/USDC PERPlong	+0.0033%	1h	10.760	long leg	$17K	$151K	12x
Bybit AVAXUSDT	+0.0080%	8h	10.689	−0.660%	$81.5M	$142.8M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0083%	8h	10.673	−0.812%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.683	−0.715%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.676	−0.781%	$25K	$473K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.699	−0.567%	$36.7M	$43.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.693	−0.623%	$2.2M	$994K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.677	−0.772%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.692	−0.632%	$113.1M	$417.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.689	−0.660%	$18.7M	$110.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.692	−0.632%	$45.5M	$78.8M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.684	−0.706%	$13.6M	$22.5M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.688	−0.669%	$32.3M	$48.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.689	−0.660%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.693	−0.623%	$436K	$559K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.682	−0.724%	$339K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.684	−0.706%	$172K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.678	−0.762%	$134K	$347K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.691	−0.641%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.705	−0.511%	$11K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.684	−0.706%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.688	−0.664%	$326K	$880K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.689	−0.660%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.680	−0.740%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.682	−0.720%	$245K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.689	−0.660%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.696	−0.595%	$851K	$5.1M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.672	−0.821%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.677	−0.768%	$226K	—	120x	as long as short