Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.030%

Price spread now: Coinbase International against KuCoin+0.171%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.256%+$26 on $10k

Price spread, last 4 days (all we have)−0.280%−$28 · spread now +0.171%, 7d avg +0.056%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.114% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	10.537	0.0100	pay 0.0100% / 8h	2h 24m	$13.1M	$22.8M	75x
Short	Coinbase International AVAX-PERP-INTX	10.555	0.0216	get 0.0027% / 1h	24m 32s	$827K	$4.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.171%Rate

Funding earned: $24.36
Price spread: +0.171% → +0.056%: $11.45
Slippage, 4 orders: −$37.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$24.05
Costs to cover: 0.599%
Break-even: 13.9 days

Slippage from KuCoin: live order book, 4 min ago; Coinbase International: 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 KuCoin live order book, 4 min ago	0.47 bp	18.8 bp −$19	36.1 bp −$361	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	3.31 bp	13.1 bp −$13	19.0 bp −$190	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	−0.1423%	1h	10.760	+2.116%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0283%	1h	10.543	+0.054%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0055%	1h	10.541	+0.038%	$287K	$339K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0035%	1h	10.539	+0.019%	$4.7M	$7.5M	25x	as long as short
Variational Omni AVAX	−0.0017%	8h	10.535	−0.021%	$2.7M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.540	+0.029%	$87K	$117K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.544	+0.067%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0028%	8h	10.537	0.000%	$12.1M	$32.7M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0043%	1h	10.533	−0.038%	$367K	$563K	15x	as long as short
Bybit AVAXUSDT	+0.0074%	8h	10.538	+0.009%	$77.9M	$145.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVAX-USD	+0.0083%	1h	10.548	+0.104%	$131K	$355K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.537	+0.002%	$1.1M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.550	+0.123%	$18K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.545	+0.073%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.545	+0.076%	$37.8M	$43.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.538	+0.013%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.542	+0.047%	$265K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.547	+0.095%	$112.2M	$430.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.545	+0.076%	$18.5M	$111.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.542	+0.047%	$43.2M	$80.2M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	10.537	long leg	$13.1M	$22.8M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.547	+0.095%	$32.0M	$49.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.542	+0.047%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.602	+0.617%	$340K	$978K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.559	+0.209%	$170K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.549	+0.114%	$167K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.573	+0.346%	$11K	$758K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.540	+0.028%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.540	+0.024%	$343K	$803K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.542	+0.047%	$28.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.539	+0.020%	$634K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.537	−0.001%	$242K	—	3x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0216%	1h	10.555	+0.171%	$827K	$4.8M	50x
BloFin AVAX-USDT	+0.0220%	8h	10.543	+0.057%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.545	+0.079%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.545	+0.074%	$231K	—	120x	as long as short