Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: MEXC against KuCoin+0.027%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days0.000%$0 · spread now +0.027%, 7d avg +0.004%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.023% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	11.136	0.0100	pay 0.0100% / 8h	7h 47m	$15.4M	$23.7M	75x
Short	MEXC AVAX_USDT	11.139	0.0100	get 0.0100% / 8h	7h 47m	$48.4M	$88.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → +0.004%: $2.28
Slippage, 4 orders: −$21.06
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$30.79
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; MEXC: 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	0.90 bp	13.5 bp −$13	30.2 bp −$302	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.90 bp	1.6 bp −$2	2.6 bp −$26	19.7 bp −$1,966	93.0 bp −$46.5K

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	11.080	−0.503%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0199%	1h	11.128	−0.072%	$5.3M	$8.8M	25x	as long as short
Nado AVAX-PERP	−0.0011%	1h	11.122	−0.126%	$292K	$860K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.127	−0.083%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.136	−0.002%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0013%	8h	11.139	+0.027%	$12.2M	$38.0M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.138	+0.018%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.122	−0.126%	$18K	$645K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.126	−0.087%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.128	−0.070%	$2.3M	$1.7M	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	11.131	−0.048%	$296K	$117K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.134	−0.014%	$118.4M	$501.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.134	−0.018%	$88.6M	$152.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.132	−0.036%	$20.0M	$138.6M	50x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	11.139	+0.027%	$48.4M	$88.1M	200x
KuCoin AVAXUSDTMlong	+0.0100%	8h	11.136	long leg	$15.4M	$23.7M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.137	+0.009%	$33.7M	$56.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.137	+0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.139	+0.027%	$356K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.152	+0.142%	$3.0M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.120	−0.146%	$358K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.121	−0.135%	$179K	$689K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.126	−0.090%	$131K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.140	+0.036%	$194K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.153	+0.149%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.132	−0.036%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.126	−0.094%	$359K	$977K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.134	−0.018%	$29.9M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.126	−0.092%	$662K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.126	−0.094%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.136	+0.003%	$4.3M	$13.0M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.130	−0.054%	$5.0M	$6.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.122	−0.127%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.139	+0.027%	$904K	$7.3M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.133	−0.024%	$248K	—	120x	as long as short
Hyperliquid AVAX	+0.0670%	1h	11.154	+0.162%	$43.6M	$53.7M	10x	as long as short