Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0119%/8h= −13.1% APRpaid last 24h −0.146%

Price spread now: Deribit against KuCoin−0.090%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

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

Long on KuCoin Short on Deribit

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)−0.418%−$42 · spread now −0.090%, 7d avg −0.025%

Together, before fees−0.964%−$96 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 Deribit is 0.065% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	11.153	0.0100	pay 0.0100% / 8h	5h 26m	$15.7M	$21.8M	75x
Short	Deribit AVAX_USDC-PERPETUAL	11.143	−0.0019	pay 0.0002% / 1h	26m 56s	$5.2M	$7.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$25.03
Price spread: −0.090% → −0.025%: −$6.51
Slippage, 4 orders: −$27.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$77.83
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Deribit: 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 KuCoin live order book, 2 min ago	0.89 bp	17.8 bp −$18	34.2 bp −$342	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	1.79 bp	7.6 bp −$8	20.9 bp −$209	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	−0.296%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0079%	1h	11.148	−0.040%	$287K	$448K	10x	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0019%	1h	11.143	−0.090%	$5.2M	$7.9M	25x
dYdX AVAX-USD	0.0000%	1h	11.151	−0.016%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.147	−0.054%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.147	−0.058%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.144	−0.079%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.148	−0.045%	$15K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.152	−0.013%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.150	−0.024%	$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	+0.021%	$291K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.151	−0.018%	$119.2M	$432.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.152	−0.009%	$88.5M	$138.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.154	+0.009%	$20.1M	$117.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.153	0.000%	$12.2M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.154	+0.009%	$48.1M	$79.2M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	11.153	long leg	$15.7M	$21.8M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.154	+0.009%	$33.4M	$48.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.153	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.151	−0.018%	$357K	$496K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.168	+0.136%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.169	+0.143%	$358K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.179	+0.233%	$180K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.150	−0.027%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.150	−0.027%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.175	+0.194%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.144	−0.081%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.167	+0.126%	$366K	$870K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.149	−0.036%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.151	−0.018%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.142	−0.103%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.143	−0.090%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.160	+0.063%	$898K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.145	−0.072%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.145	−0.069%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0502%	1h	11.168	+0.134%	$43.5M	$43.1M	10x	as long as short