Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.089%

Price spread now: Hyperliquid against KuCoin+0.082%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 7 days−0.089%−$9 · spread now +0.082%, 7d avg +0.033%

Together, before fees+0.033%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.050% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.033%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	10.937	0.0100	pay 0.0100% / 8h	3h 26m	$15.2M	$21.7M	75x
Short	Hyperliquid AVAX	10.946	0.0300	get 0.0038% / 1h	26m 34s	$42.0M	$41.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.082%Rate

Funding earned: $42
Price spread: +0.082% → +0.033%: $4.97
Slippage, 4 orders: −$27.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$1.28
Costs to cover: 0.483%
Break-even: 7.2 days

Slippage from KuCoin: live order book, 2 min ago; Hyperliquid: live order book, 7 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	0.91 bp	16.2 bp −$16	30.4 bp −$304	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	1.37 bp	7.6 bp −$8	10.2 bp −$102	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	−0.1421%	1h	10.900	−0.338%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.940	+0.028%	$96K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.938	+0.009%	$5.0M	$7.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.937	0.000%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.941	+0.038%	$4.2M	$11.2M	50x	as long as short
Nado AVAX-PERP	+0.0032%	1h	10.935	−0.018%	$284K	$318K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.938	+0.011%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.930	−0.064%	$15K	$452K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.934	−0.024%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.938	+0.007%	$2.2M	$1.1M	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	10.939	+0.022%	$276K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.932	−0.049%	$114.9M	$425.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.927	−0.091%	$83.1M	$140.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.932	−0.046%	$19.9M	$112.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.933	−0.037%	$12.1M	$32.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.933	−0.037%	$45.4M	$78.6M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	10.937	long leg	$15.2M	$21.7M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.936	−0.009%	$33.0M	$47.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.931	−0.055%	—	$54.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.939	+0.018%	$372K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.947	+0.088%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.942	+0.049%	$345K	$939K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.950	+0.119%	$176K	$667K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.936	−0.009%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.943	+0.055%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.970	+0.306%	$11K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.938	+0.009%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.938	+0.005%	$364K	$780K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.939	+0.018%	$29.2M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.927	−0.093%	$675K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.935	−0.018%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.938	+0.009%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.943	+0.055%	$890K	$5.1M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.930	−0.068%	$1K	—	20x	as long as short
Hyperliquid AVAXshort	+0.0300%	1h	10.946	+0.082%	$42.0M	$41.4M	10x
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.939	+0.014%	$232K	—	120x	as long as short