Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: KuCoin against ApeX Omni−0.114%67s7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.637% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now −0.114%, 7d avg −0.039%

Together, before fees−0.206%−$21 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 0.074% cheaper against ApeX Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.039%. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	10.559	0.0100	pay 0.0013% / 1h	24m 18s	$170K	$662K	50x
Short	KuCoin AVAXUSDTM	10.547	0.0100	get 0.0100% / 8h	2h 24m	$13.1M	$22.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ApeX OmnibpFee KuCoinbpOrdersPrice spread, now −0.114%Rate

Funding earned: $0
Price spread: −0.114% → −0.039%: −$7.42
Slippage, 4 orders: −$41.66
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$71.08
Costs to cover: 0.637%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 24 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 ApeX Omni live order book, 24 min ago	5.66 bp	16.9 bp −$17	74.8 bp −$748	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.47 bp	14.6 bp −$15	27.6 bp −$276	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	+1.904%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0283%	1h	10.556	−0.026%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0055%	1h	10.541	−0.170%	$287K	$339K	10x	as long as short
Variational Omni AVAX	−0.0017%	8h	10.535	−0.230%	$2.7M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.540	−0.179%	$87K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.551	−0.076%	$4.7M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.548	−0.103%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0028%	8h	10.544	−0.142%	$12.1M	$32.7M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0043%	1h	10.533	−0.246%	$367K	$563K	15x	as long as short
Bybit AVAXUSDT	+0.0074%	8h	10.542	−0.161%	$77.9M	$145.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVAX-USD	+0.0083%	1h	10.548	−0.104%	$131K	$355K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.537	−0.206%	$1.1M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.550	−0.085%	$18K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.545	−0.135%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.553	−0.052%	$37.8M	$43.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.541	−0.168%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.542	−0.161%	$265K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.551	−0.076%	$112.3M	$430.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.550	−0.085%	$18.5M	$111.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.550	−0.085%	$43.4M	$80.2M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.547	−0.114%	$13.1M	$22.8M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.550	−0.085%	$32.0M	$49.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.548	−0.104%	—	$54.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.602	+0.407%	$340K	$978K	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	10.559	long leg	$170K	$662K	50x
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.553	−0.057%	$167K	$321K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.582	+0.213%	$12K	$758K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.552	−0.066%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.540	−0.185%	$343K	$803K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.542	−0.161%	$28.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.548	−0.108%	$634K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.550	−0.085%	$242K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.555	−0.038%	$827K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.543	−0.152%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.545	−0.130%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.548	−0.103%	$231K	—	120x	as long as short