Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.146%

Price spread now: KuCoin against Deribit+0.036%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.546%+$55 on $10k

Price spread, last 4 days (all we have)+0.471%+$47 · spread now +0.036%, 7d avg +0.025%

Together, before fees+1.018%+$102 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.164	0	get 0.0000% / 1h	26m 18s	$5.2M	$7.9M	25x
Short	KuCoin AVAXUSDTM	11.168	0.0100	get 0.0100% / 8h	5h 26m	$15.7M	$21.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now +0.036%Rate

Funding earned: $21
Price spread: +0.036% → +0.025%: $1.13
Slippage, 4 orders: −$27.29
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$24.16
Costs to cover: 0.463%
Break-even: 15.1 days

Slippage from Deribit: live order book, 3 min ago; KuCoin: live order book, 3 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 Deribit live order book, 3 min ago	1.79 bp	5.3 bp −$5	18.3 bp −$183	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 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	−0.394%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0079%	1h	11.166	+0.020%	$287K	$448K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.159	−0.045%	$103K	$87K	10x	as long as short
Deribit AVAX_USDC-PERPETUALlong	0.0000%	1h	11.164	long leg	$5.2M	$7.9M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.165	+0.011%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.169	+0.046%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.157	−0.064%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.164	0.000%	$16K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.157	−0.062%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.157	−0.062%	$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	11.164	−0.002%	$291K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.166	+0.018%	$119.3M	$432.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.166	+0.018%	$88.7M	$138.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.165	+0.009%	$20.1M	$117.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.164	0.000%	$12.2M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.165	+0.009%	$48.4M	$79.2M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	11.168	+0.036%	$15.7M	$21.8M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.168	+0.036%	$33.5M	$48.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.166	+0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.151	−0.116%	$357K	$496K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.168	+0.038%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.169	+0.045%	$358K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.179	+0.134%	$180K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.169	+0.045%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.172	+0.072%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.196	+0.283%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.166	+0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.167	+0.027%	$366K	$870K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.149	−0.134%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.162	−0.022%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.164	0.000%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.143	−0.188%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.174	+0.090%	$899K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.164	+0.004%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.165	+0.009%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0507%	1h	11.184	+0.182%	$43.5M	$43.1M	10x	as long as short