Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.003%

Price spread now: KuCoin against Aevo−0.065%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$976as in the Funding arb table

Net, price: spread back to 7d avg − costs−$974as in the Price arb table

costs, in and out, $10k−$9659.650% of the position

Long on Aevo Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.065%, 7d avg +0.026%

Together, before fees+0.096%+$10 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: KuCoin is 0.091% cheaper against Aevo than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	10.731	0.0104	pay 0.0013% / 1h	4m 02s	$246K	—	3x
Short	KuCoin AVAXUSDTM	10.724	0.0100	get 0.0100% / 8h	2h 04m	$13.3M	$23.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aevo. 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 AevobpFee KuCoinbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$0.84
Price spread: −0.065% → +0.026%: −$9.1
Slippage, 4 orders: −$937.02
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$974.96
Costs to cover: 9.650%
Break-even: never at this rate

Slippage from Aevo: live order book, 45 min ago; KuCoin: live order book, 5 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 Aevo live order book, 45 min ago	223.38 bp	465.0 bp −$465	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.93 bp	17.4 bp −$17	29.0 bp −$290	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	+0.270%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.729	−0.017%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0099%	1h	10.739	+0.075%	$285K	$338K	10x	as long as short
Variational Omni AVAX	−0.0030%	8h	10.729	−0.022%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.740	+0.082%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.738	+0.065%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.741	+0.093%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0042%	8h	10.728	−0.028%	$12.6M	$33.2M	75x	as long as short
Bybit AVAXUSDT	+0.0083%	8h	10.724	−0.065%	$82.4M	$149.0M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.727	−0.039%	$1.2M	$2.6M	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	10.736	+0.047%	$18K	$431K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.739	+0.076%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.737	+0.056%	$37.6M	$44.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.728	−0.024%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.739	+0.075%	$269K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.727	−0.033%	$114.4M	$433.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.721	−0.093%	$18.8M	$114.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.732	+0.009%	$45.7M	$81.1M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.724	−0.065%	$13.3M	$23.0M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.728	−0.028%	$32.5M	$49.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.729	−0.019%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.728	−0.028%	$428K	$589K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.721	−0.094%	$335K	$999K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.723	−0.075%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.738	+0.065%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.743	+0.112%	$231K	$352K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.767	+0.335%	$11K	$767K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.724	−0.065%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.724	−0.065%	$344K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.730	−0.009%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.731	−0.001%	$615K	$1.5M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	10.731	long leg	$246K	—	3x
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.749	+0.168%	$935K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.735	+0.037%	$4.6M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.735	+0.039%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.740	+0.087%	$227K	—	120x	as long as short