Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.004%

Price spread now: Aevo against KuCoin−0.234%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$917as in the Funding arb table

Net, price: spread back to 7d avg − costs−$949as in the Price arb table

costs, in and out, $10k−$9289.281% of the position

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.234%, 7d avg −0.025%

Together, before fees+0.258%+$26 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: Aevo is 0.210% cheaper against KuCoin than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	10.712	0.0100	pay 0.0100% / 8h	50m 07s	$13.7M	$22.5M	75x
Short	Aevo AVAX-PERP	10.687	0.0104	get 0.0013% / 1h	50m 07s	$245K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now −0.234%Rate

Funding earned: $0.84
Price spread: −0.234% → −0.025%: −$20.95
Slippage, 4 orders: −$900.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$948.26
Costs to cover: 9.281%
Break-even: 7909.1 days

Slippage from KuCoin: live order book, 9 min ago; Aevo: live order book, 54 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 KuCoin live order book, 9 min ago	0.47 bp	16.6 bp −$17	33.9 bp −$339	doesn't fit	doesn't fit
Sell Aevo live order book, 54 min ago	205.90 bp	460.8 bp −$461	doesn't fit	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	−0.0184%	1h	10.716	+0.035%	$3.8M	$12.0M	50x	as long as short
Nado AVAX-PERP	−0.0104%	1h	10.694	−0.168%	$281K	$334K	10x	as long as short
Variational Omni AVAX	−0.0075%	8h	10.688	−0.220%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.717	+0.046%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.713	+0.009%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.705	−0.063%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0008%	8h	10.716	+0.037%	$13.1M	$30.5M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.448%	$17K	$151K	12x	as long as short
Bybit AVAXUSDT	+0.0081%	8h	10.713	+0.009%	$81.6M	$142.2M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0085%	8h	10.697	−0.136%	$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	10.711	−0.007%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.700	−0.112%	$25K	$472K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.726	+0.131%	$36.8M	$43.4M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.716	+0.036%	$2.2M	$969K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.703	−0.085%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.720	+0.071%	$113.4M	$416.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.715	+0.028%	$18.8M	$110.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.717	+0.047%	$46.1M	$79.0M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	10.712	long leg	$13.7M	$22.5M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.716	+0.037%	$32.4M	$48.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.714	+0.019%	—	$54.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.722	+0.093%	$437K	$558K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.677	−0.331%	$338K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.684	−0.261%	$172K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.703	−0.084%	$134K	$347K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.718	+0.056%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.733	+0.198%	$12K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.712	0.000%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.703	−0.081%	$326K	$880K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.718	+0.056%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.707	−0.050%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	10.687	−0.234%	$245K	—	3x
BloFin AVAX-USDT	+0.0220%	8h	10.693	−0.177%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.705	−0.065%	$853K	$5.0M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.698	−0.134%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.705	−0.069%	$226K	—	120x	as long as short