Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.027%

Price spread now: KuCoin against Coinbase International−0.081%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$590.590% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 4 days (all we have)+0.588%+$59 · spread now −0.081%, 7d avg −0.058%

Together, before fees+0.336%+$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.023% cheaper against Coinbase International than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.058%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	11.160	0.0232	pay 0.0029% / 1h	27m 13s	$898K	$5.5M	50x
Short	KuCoin AVAXUSDTM	11.151	0.0100	get 0.0100% / 8h	5h 27m	$15.7M	$21.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$27.72
Price spread: −0.081% → −0.058%: −$2.28
Slippage, 4 orders: −$36.99
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$88.99
Costs to cover: 0.590%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; KuCoin: live order book, 2 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 Coinbase International live order book, 2 min ago	3.58 bp	13.9 bp −$14	20.2 bp −$202	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	0.89 bp	15.6 bp −$16	26.9 bp −$269	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	−0.1374%	1h	11.120	−0.358%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0079%	1h	11.148	−0.103%	$287K	$448K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.143	−0.152%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.151	−0.078%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.147	−0.116%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.147	−0.121%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.144	−0.142%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.148	−0.108%	$15K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.152	−0.076%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.148	−0.104%	$2.3M	$1.2M	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	11.155	−0.042%	$291K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.149	−0.099%	$119.1M	$432.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.149	−0.099%	$88.5M	$138.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.150	−0.090%	$20.1M	$117.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.150	−0.090%	$12.1M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.149	−0.099%	$47.9M	$79.1M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	11.151	−0.081%	$15.7M	$21.8M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.143	−0.152%	$33.4M	$48.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.148	−0.108%	—	$81.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.168	+0.072%	$357K	$496K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.168	+0.074%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.169	+0.081%	$358K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.179	+0.170%	$180K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.150	−0.090%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.150	−0.090%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.175	+0.131%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.144	−0.143%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.167	+0.063%	$366K	$870K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.149	−0.099%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.140	−0.175%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.142	−0.166%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.143	−0.152%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0232%	1h	11.160	long leg	$898K	$5.5M	50x
Reya AVAXRUSDPERP	+0.0244%	1h	11.145	−0.135%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.145	−0.132%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0499%	1h	11.165	+0.045%	$43.4M	$43.1M	10x	as long as short