Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%

Price spread now: Backpack against KuCoin+0.075%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on KuCoin Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.075%, 7d avg +0.012%

Together, before fees−0.124%−$12 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: Backpack is 0.063% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	10.663	0.0100	pay 0.0100% / 8h	37m 37s	$13.7M	$22.1M	75x
Short	Backpack AVAX_USDC_PERP	10.671	0.0100	get 0.0013% / 1h	37m 37s	$435K	$554K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → +0.012%: $6.33
Slippage, 4 orders: −$29.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$45.44
Costs to cover: 0.518%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; Backpack: live order book, 1 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, 11 min ago	0.47 bp	14.4 bp −$14	29.6 bp −$296	doesn't fit	doesn't fit
Sell Backpack live order book, 1 min ago	0.47 bp	9.2 bp −$9	44.6 bp −$446	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	10.671	+0.074%	$3.8M	$11.7M	50x	as long as short
Nado AVAX-PERP	−0.0135%	1h	10.672	+0.084%	$288K	$336K	10x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.700	+0.351%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.675	+0.113%	$4.8M	$6.8M	25x	as long as short
Gate AVAX_USDT	−0.0001%	8h	10.663	0.000%	$13.0M	$30.7M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.665	+0.023%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.676	+0.124%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.910%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	10.663	−0.001%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0089%	8h	10.664	+0.009%	$81.4M	$140.9M	75x	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	10.664	+0.013%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.657	−0.056%	$25K	$469K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.673	+0.094%	$36.7M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.670	+0.066%	$2.2M	$904K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.670	+0.064%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.664	+0.009%	$112.9M	$412.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.665	+0.019%	$18.7M	$108.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.663	0.000%	$45.6M	$79.5M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	10.663	long leg	$13.7M	$22.1M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.663	0.000%	$32.3M	$47.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.665	+0.019%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERPshort	+0.0100%	1h	10.671	+0.075%	$435K	$554K	15x
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.709	+0.428%	$343K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.711	+0.450%	$173K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.677	+0.131%	$134K	$329K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.680	+0.159%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.703	+0.377%	$12K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.671	+0.075%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.678	+0.136%	$325K	$866K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.671	+0.075%	$28.5M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.662	−0.012%	$607K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.668	+0.042%	$245K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.683	+0.188%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.684	+0.197%	$850K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.672	+0.087%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.675	+0.114%	$225K	—	120x	as long as short