Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Pacifica against KuCoin−0.029%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.029%, 7d avg +0.005%

Together, before fees+0.166%+ Points / potential airdropPacifica: Active · farm board+$17 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: Pacifica is 0.033% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	10.762	0.0100	pay 0.0100% / 8h	1h 23m	$13.6M	$22.9M	75x
Short	Pacifica AVAX	10.759	0.0100	get 0.0013% / 1h	23m 31s	$270K	$129K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → +0.005%: −$3.34
Slippage, 4 orders: −$28.09
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$51.43
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Pacifica: live order book, 20 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, 5 min ago	0.94 bp	17.2 bp −$17	31.4 bp −$314	doesn't fit	doesn't fit
Sell Pacifica live order book, 20 min ago	1.87 bp	10.3 bp −$10	22.6 bp −$226	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
Nado AVAX-PERP	−0.0195%	1h	10.741	−0.190%	$282K	$342K	10x	as long as short
Variational Omni AVAX	−0.0050%	8h	10.738	−0.227%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.759	−0.027%	$92K	$119K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.779	+0.158%	$4.9M	$7.2M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.745	−0.153%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0026%	8h	10.756	−0.056%	$12.9M	$32.3M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.019%	$17K	$152K	12x	as long as short
Bybit AVAXUSDT	+0.0087%	8h	10.740	−0.204%	$81.8M	$146.1M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0088%	8h	10.754	−0.073%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.754	−0.071%	$1.2M	$2.5M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.741	−0.195%	$27K	$433K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.764	+0.019%	$37.5M	$43.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.752	−0.098%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	10.759	−0.029%	$270K	$129K	10x
Binance AVAXUSDT	+0.0100%	8h	10.742	−0.186%	$114.3M	$424.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.739	−0.214%	$18.8M	$112.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.757	−0.046%	$45.6M	$80.9M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	10.762	long leg	$13.6M	$22.9M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.744	−0.167%	$32.5M	$48.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.744	−0.167%	—	$54.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.779	+0.158%	$439K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.727	−0.326%	$341K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.730	−0.297%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.764	+0.019%	$136K	$352K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.778	+0.149%	$232K	$346K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.790	+0.260%	$11K	$765K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.775	+0.121%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.762	+0.005%	$338K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.769	+0.065%	$28.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.742	−0.187%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.771	+0.084%	$247K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0112%	1h	10.781	+0.173%	$4.3M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.757	−0.046%	$857K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.750	−0.112%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.739	−0.215%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.770	+0.076%	$227K	—	120x	as long as short