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: KuCoin against Orderly−0.046%7-day average −0.038% · you buy dearer than you sell

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

Long on Orderly Short on KuCoin

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)+0.154%+$15 · spread now −0.046%, 7d avg −0.038%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	10.968	0.0100	pay 0.0100% / 8h	3h 43m	$193K	$310K	20x
Short	KuCoin AVAXUSDTM	10.963	0.0100	get 0.0100% / 8h	3h 43m	$15.4M	$21.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Orderly. 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 OrderlybpFee KuCoinbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.038%: −$0.79
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$18.79
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 5 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	0.91 bp	18.5 bp −$19	37.7 bp −$377	doesn't fit	doesn't fit

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	−0.1421%	1h	10.960	−0.073%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.965	−0.027%	$96K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.965	−0.027%	$5.1M	$7.8M	25x	as long as short
Nado AVAX-PERP	+0.0001%	1h	10.963	−0.041%	$285K	$319K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.965	−0.026%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.967	−0.006%	$4.2M	$11.3M	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.965	−0.027%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.968	0.000%	$15K	$456K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.967	−0.011%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.961	−0.064%	$2.2M	$1.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	10.969	+0.005%	$276K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.958	−0.091%	$115.8M	$428.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.952	−0.146%	$83.6M	$140.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.959	−0.082%	$20.1M	$113.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.954	−0.128%	$12.1M	$32.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.954	−0.128%	$45.6M	$78.1M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.963	−0.046%	$15.4M	$21.7M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.953	−0.137%	$33.0M	$47.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.955	−0.119%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.962	−0.055%	$369K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.991	+0.206%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.998	+0.274%	$351K	$900K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.004	+0.328%	$177K	$668K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.967	−0.009%	$128K	$345K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	10.968	long leg	$193K	$310K	20x
SunX AVAX-USDT	+0.0100%	8h	10.995	+0.243%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.965	−0.027%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.964	−0.032%	$365K	$792K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.966	−0.018%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.949	−0.169%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.965	−0.027%	$252K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.993	+0.228%	$5.0M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.971	+0.027%	$892K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.962	−0.057%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0401%	1h	10.978	+0.091%	$42.6M	$41.7M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.967	−0.007%	$233K	—	120x	as long as short