Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0153%/8h= −16.7% APRpaid last 24h −0.017%

Price spread now: Nado against KuCoin+0.054%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$540.544% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$2 on $10k

Price spread, last 3 days (all we have)+0.080%+$8 · spread now +0.054%, 7d avg +0.016%

Together, before fees+0.056%+ Points / potential airdropNado: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.038% dearer against KuCoin than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of +0.016%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 3 days (−0.025% in total) that is about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	11.143	0.0100	pay 0.0100% / 8h	6h 58m	$15.2M	$22.9M	75x
Short	Nado AVAX-PERP	11.149	−0.0053	pay 0.0007% / 1h	58m 02s	$291K	$578K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.054%Rate

Funding earned: −$32.04
Price spread: +0.054% → +0.016%: $3.83
Slippage, 4 orders: −$35.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$82.59
Costs to cover: 0.544%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Nado: 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, 6 min ago	0.90 bp	18.6 bp −$19	43.4 bp −$434	doesn't fit	doesn't fit
Sell Nado live order book, 10 min ago	0.89 bp	7.5 bp −$7	15.1 bp −$151	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	−0.1423%	1h	11.090	−0.476%	$17K	$151K	12x	as long as short
Nado AVAX-PERPshort	−0.0053%	1h	11.149	+0.054%	$291K	$578K	10x
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.139	−0.036%	$5.2M	$8.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.119	−0.219%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.141	−0.017%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.144	+0.009%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.149	+0.054%	$17K	$600K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.130	−0.121%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.143	−0.003%	$2.3M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.127	−0.143%	$295K	$107K	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	11.148	+0.045%	$118.9M	$473.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.151	+0.072%	$88.7M	$146.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.147	+0.036%	$19.9M	$128.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.145	+0.018%	$12.1M	$36.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.147	+0.036%	$49.7M	$81.7M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	11.143	long leg	$15.2M	$22.9M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.151	+0.072%	$33.8M	$53.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.150	+0.063%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.148	+0.045%	$356K	$550K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.112	−0.282%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.119	−0.214%	$350K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.164	+0.188%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.156	+0.117%	$131K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.150	+0.063%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.181	+0.346%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.142	−0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.143	−0.004%	$363K	$942K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.143	0.000%	$29.9M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.145	+0.016%	$668K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.143	−0.001%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.161	+0.162%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.150	+0.065%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.145	+0.022%	$4.3M	$12.4M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.161	+0.162%	$901K	$6.3M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.142	−0.006%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0514%	1h	11.160	+0.153%	$43.6M	$49.1M	10x	as long as short