Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.025%

Price spread now: dYdX against KuCoin−0.001%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$350as in the Funding arb table

Net, price: spread back to 7d avg − costs−$340as in the Price arb table

costs, in and out, $10k−$3403.400% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.001%, 7d avg −0.004%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	10.662	0.0100	pay 0.0100% / 8h	34m 31s	$13.6M	$22.1M	75x
Short	dYdX AVAX-USD	10.662	0	get 0.0000% / 1h	34m 31s	$91K	$111K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$21
Price spread: −0.001% → −0.004%: $0.3
Slippage, 4 orders: −$318.02
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$360.73
Costs to cover: 3.400%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; dYdX: 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	16.9 bp −$17	29.9 bp −$299	doesn't fit	doesn't fit
Sell dYdX live order book, 4 min ago	148.19 bp	153.2 bp −$153	153.2 bp −$1,532	181.4 bp −$18.1K	463.0 bp −$231.5K

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	10.662	+0.002%	$3.8M	$11.7M	50x	as long as short
Nado AVAX-PERP	−0.0137%	1h	10.650	−0.113%	$288K	$335K	10x	as long as short
Variational Omni AVAX	−0.0075%	8h	10.652	−0.090%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.661	−0.009%	$4.8M	$6.9M	25x	as long as short
Gate AVAX_USDT	−0.0006%	8h	10.658	−0.038%	$13.0M	$30.7M	75x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	10.662	−0.001%	$91K	$111K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.661	−0.008%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.919%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.658	−0.041%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.673	+0.103%	$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	10.661	−0.006%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.675	+0.122%	$25K	$472K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.672	+0.094%	$36.7M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.670	+0.072%	$2.2M	$904K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.665	+0.028%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.676	+0.131%	$112.8M	$412.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.676	+0.131%	$18.7M	$108.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.661	−0.009%	$45.2M	$79.6M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	10.662	long leg	$13.6M	$22.1M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.669	+0.066%	$32.3M	$47.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.657	−0.047%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.671	+0.084%	$435K	$554K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.674	+0.109%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.663	+0.009%	$172K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.660	−0.019%	$134K	$329K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.666	+0.038%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.681	+0.179%	$11K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.662	0.000%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.664	+0.014%	$325K	$867K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.662	0.000%	$28.4M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.666	+0.033%	$607K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.530	−1.234%	$242K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.663	+0.009%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.667	+0.047%	$849K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.654	−0.071%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.661	−0.014%	$225K	—	120x	as long as short