Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Lighter against KuCoin−0.030%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 7 days−0.076%−$8 · spread now −0.030%, 7d avg −0.032%

Together, before fees−0.131%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	10.743	0.0100	pay 0.0100% / 8h	1h 26m	$13.6M	$22.9M	75x
Short	Lighter AVAX	10.740	0.0096	get 0.0012% / 1h	26m 27s	$1.2M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$0.84
Price spread: −0.030% → −0.032%: $0.2
Slippage, 4 orders: −$26.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$39
Costs to cover: 0.384%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Lighter: live order book, 10 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	0.94 bp	17.2 bp −$17	31.4 bp −$314	doesn't fit	doesn't fit
Sell Lighter live order book, 10 min ago	2.76 bp	3.6 bp −$4	11.2 bp −$112	86.6 bp −$8,658	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
Nado AVAX-PERP	−0.0189%	1h	10.742	−0.009%	$286K	$339K	10x	as long as short
Variational Omni AVAX	−0.0048%	8h	10.697	−0.432%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.742	−0.009%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.731	−0.112%	$4.8M	$7.1M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.745	+0.023%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0031%	8h	10.735	−0.074%	$12.8M	$32.2M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.158%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0088%	8h	10.742	−0.013%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0089%	8h	10.741	−0.019%	$81.4M	$146.3M	75x	as long as short
Lighter AVAXshort	+0.0096%	1h	10.740	−0.030%	$1.2M	$2.5M	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.742	−0.009%	$27K	$427K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.752	+0.084%	$37.5M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.742	−0.013%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.743	0.000%	$270K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.743	0.000%	$114.3M	$424.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.741	−0.019%	$18.8M	$112.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.743	0.000%	$45.6M	$80.9M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	10.743	long leg	$13.6M	$22.9M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.742	−0.009%	$32.5M	$48.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.741	−0.019%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.734	−0.084%	$437K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.700	−0.397%	$341K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.715	−0.261%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.744	+0.009%	$136K	$352K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.737	−0.056%	$231K	$346K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.751	+0.073%	$11K	$764K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.730	−0.121%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.732	−0.107%	$337K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.729	−0.130%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.737	−0.052%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.723	−0.191%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.735	−0.072%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.732	−0.102%	$855K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.732	−0.102%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.739	−0.039%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.733	−0.098%	$226K	—	120x	as long as short