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 +0.005%

Price spread now: KuCoin against BingX+0.084%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$530.533% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 7 days−0.073%−$7 · spread now +0.084%, 7d avg +0.019%

Together, before fees−0.142%−$14 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 0.065% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDC	10.745	0.0100	pay 0.0100% / 8h	1h 25m	—	$6.5M	—
Short	KuCoin AVAXUSDTM	10.754	0.0100	get 0.0100% / 8h	1h 25m	$13.7M	$22.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → +0.019%: $6.46
Slippage, 4 orders: −$31.31
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$46.85
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; KuCoin: live order book, 4 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 BingX live order book, 6 min ago	0.94 bp	13.5 bp −$13	25.7 bp −$257	82.7 bp −$8,267	430.1 bp −$215.1K
Sell KuCoin live order book, 4 min ago	0.94 bp	14.8 bp −$15	25.1 bp −$251	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	−0.0193%	1h	10.754	+0.084%	$285K	$340K	10x	as long as short
Variational Omni AVAX	−0.0050%	8h	10.738	−0.069%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.742	−0.027%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.753	+0.074%	$4.9M	$7.1M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.745	+0.005%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0029%	8h	10.756	+0.102%	$12.8M	$32.2M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.140%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0088%	8h	10.755	+0.098%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.743	−0.019%	$81.4M	$146.3M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.746	+0.013%	$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	10.756	+0.102%	$27K	$427K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.755	+0.093%	$37.5M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.749	+0.037%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.759	+0.129%	$270K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.748	+0.028%	$114.4M	$424.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.743	−0.019%	$18.8M	$112.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.748	+0.028%	$45.6M	$80.9M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.754	+0.084%	$13.7M	$22.9M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.742	−0.028%	$32.5M	$48.7M	75x	as long as short
BingX AVAX-USDClong	+0.0100%	8h	10.745	long leg	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.751	+0.056%	$438K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.727	−0.168%	$341K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.730	−0.140%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.760	+0.140%	$136K	$352K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.758	+0.121%	$231K	$346K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.788	+0.399%	$11K	$765K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.750	+0.047%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.743	−0.017%	$338K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.750	+0.047%	$28.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.746	+0.009%	$611K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.746	+0.008%	$247K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0112%	1h	10.755	+0.096%	$4.3M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.732	−0.121%	$855K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.750	+0.047%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.739	−0.057%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.733	−0.116%	$226K	—	120x	as long as short