Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h +0.012%

Price spread now: KuCoin against Kraken Futures−0.010%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$540.541% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)+0.093%+$9 · spread now −0.010%, 7d avg −0.048%

Together, before fees+0.100%+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.038% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.048%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	11.130	0.0216	pay 0.0027% / 1h	46m 11s	$4.3M	$13.0M	50x
Short	KuCoin AVAXUSDTM	11.129	0.0100	get 0.0100% / 8h	7h 46m	$15.4M	$23.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. 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 Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$24.39
Price spread: −0.010% → −0.048%: $3.76
Slippage, 4 orders: −$32.09
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$74.71
Costs to cover: 0.541%
Break-even: never at this rate

Slippage from Kraken Futures: 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 Kraken Futures live order book, 3 min ago	0.45 bp	12.0 bp −$12	15.8 bp −$158	48.5 bp −$4,849	doesn't fit
Sell KuCoin live order book, 3 min ago	0.90 bp	17.0 bp −$17	28.9 bp −$289	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	−0.1363%	1h	11.080	−0.451%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0289%	1h	11.124	−0.055%	$5.3M	$8.8M	25x	as long as short
Gate AVAX_USDT	−0.0036%	8h	11.124	−0.055%	$12.2M	$38.0M	75x	as long as short
Nado AVAX-PERP	−0.0020%	1h	11.125	−0.042%	$292K	$859K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.133	+0.022%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.129	−0.010%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.128	−0.021%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.126	−0.037%	$18K	$645K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.131	+0.011%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.124	−0.058%	$2.3M	$1.7M	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	11.132	+0.017%	$296K	$117K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.131	+0.008%	$118.4M	$501.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.130	−0.001%	$88.5M	$152.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.127	−0.028%	$20.0M	$138.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.129	−0.010%	$48.5M	$88.2M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	11.129	−0.010%	$15.4M	$23.7M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.129	−0.010%	$33.7M	$56.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.131	+0.008%	—	$86.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.132	+0.017%	$356K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.125	−0.048%	$2.9M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.120	−0.093%	$358K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.121	−0.082%	$179K	$689K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.128	−0.019%	$131K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.132	+0.017%	$194K	$311K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.153	+0.210%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.128	−0.019%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.127	−0.024%	$359K	$974K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.130	−0.001%	$29.9M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.124	−0.053%	$666K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.124	−0.055%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0216%	1h	11.130	long leg	$4.3M	$13.0M	50x
BloFin AVAX-USDT	+0.0220%	8h	11.130	−0.001%	$5.0M	$6.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.124	−0.057%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.148	+0.160%	$905K	$7.3M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.128	−0.023%	$248K	—	120x	as long as short
Hyperliquid AVAX	+0.0661%	1h	11.144	+0.122%	$43.5M	$53.7M	10x	as long as short