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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: Orderly against KuCoin+0.018%7-day average +0.039% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.018%, 7d avg +0.039%

Together, before fees−0.154%−$15 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: Orderly is 0.021% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	11.114	0.0100	pay 0.0100% / 8h	4h 36m	$15.7M	$21.6M	75x
Short	Orderly PERP_AVAX_USDC	11.116	0.0100	get 0.0100% / 8h	4h 36m	$195K	$310K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.039%: −$2.08
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$20.08
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

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, 3 min ago	0.45 bp	14.8 bp −$15	29.3 bp −$293	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	11.090	−0.216%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.107	−0.063%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0032%	1h	11.115	+0.009%	$286K	$370K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.128	+0.130%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.109	−0.043%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.116	+0.017%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.114	0.000%	$16K	$579K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.114	+0.003%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.115	+0.010%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.128	+0.127%	$290K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.111	−0.023%	$117.9M	$426.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.109	−0.045%	$88.1M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.111	−0.027%	$20.4M	$115.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.109	−0.045%	$12.2M	$34.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.114	0.000%	$48.0M	$77.6M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	11.114	long leg	$15.7M	$21.6M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.109	−0.045%	$33.3M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.112	−0.018%	—	$78.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.113	−0.009%	$336K	$521K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.105	−0.085%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.157	+0.384%	$352K	$845K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.154	+0.360%	$179K	$673K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.115	+0.009%	$130K	$337K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.116	+0.018%	$195K	$310K	20x
SunX AVAX-USDT	+0.0100%	8h	11.135	+0.193%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.110	−0.036%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.111	−0.031%	$363K	$825K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.111	−0.027%	$29.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.106	−0.074%	$685K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.025	−0.804%	$253K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.112	−0.017%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.140	+0.234%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.116	+0.018%	$888K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.104	−0.088%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.108	−0.051%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0579%	1h	11.125	+0.099%	$43.1M	$42.3M	10x	as long as short