Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h +0.012%

Price spread now: KuCoin against Kraken Futures−0.054%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$620.622% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)+0.136%+$14 · spread now −0.054%, 7d avg −0.048%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.048%, 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	Kraken Futures PF_AVAXUSD	11.167	0.0215	pay 0.0027% / 1h	23m 45s	$4.3M	$12.6M	50x
Short	KuCoin AVAXUSDTM	11.161	0.0100	get 0.0100% / 8h	7h 23m	$15.3M	$23.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. 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 Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$24.24
Price spread: −0.054% → −0.048%: −$0.58
Slippage, 4 orders: −$40.2
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$87.02
Costs to cover: 0.622%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago	4.48 bp	13.6 bp −$14	15.3 bp −$153	48.2 bp −$4,818	doesn't fit
Sell KuCoin live order book, 5 min ago	0.90 bp	16.8 bp −$17	31.3 bp −$313	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	−0.1363%	1h	11.090	−0.690%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0108%	1h	11.161	−0.054%	$5.3M	$8.5M	25x	as long as short
Nado AVAX-PERP	−0.0047%	1h	11.158	−0.081%	$293K	$829K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.156	−0.100%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.164	−0.031%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.158	−0.085%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.153	−0.126%	$17K	$614K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.157	−0.086%	$13K	$405	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.155	−0.111%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.160	−0.063%	$296K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.157	−0.090%	$118.9M	$481.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.158	−0.081%	$88.8M	$148.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.157	−0.090%	$19.9M	$132.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.157	−0.090%	$12.2M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.157	−0.090%	$48.9M	$88.8M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	11.161	−0.054%	$15.3M	$23.2M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.158	−0.081%	$33.8M	$53.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.157	−0.090%	—	$84.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.160	−0.063%	$357K	$551K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.181	+0.122%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.162	−0.042%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.163	−0.036%	$179K	$689K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.162	−0.045%	$131K	$373K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.169	+0.018%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.193	+0.233%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.164	−0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.164	−0.031%	$362K	$945K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.164	−0.027%	$29.9M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.155	−0.108%	$671K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.158	−0.081%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0215%	1h	11.167	long leg	$4.3M	$12.6M	50x
BloFin AVAX-USDT	+0.0220%	8h	11.170	+0.027%	$5.0M	$6.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.158	−0.078%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.179	+0.107%	$909K	$6.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.163	−0.037%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0686%	1h	11.176	+0.077%	$43.6M	$49.5M	10x	as long as short