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 −0.003%

Price spread now: Phemex against KuCoin+0.283%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$580.579% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)−0.444%−$44 · spread now +0.283%, 7d avg +0.021%

Together, before fees−0.376%−$38 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: Phemex is 0.262% dearer against KuCoin than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	10.961	0.0100	pay 0.0100% / 8h	3h 44m	$15.4M	$21.7M	75x
Short	Phemex AVAXUSDT	10.992	0.0100	get 0.0100% / 8h	3h 44m	$29.3M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.283%Rate

Funding earned: $0
Price spread: +0.283% → +0.021%: $26.21
Slippage, 4 orders: −$33.87
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$31.66
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Phemex: live order book, 4 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, 4 min ago	0.91 bp	15.6 bp −$16	33.2 bp −$332	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	3.18 bp	14.1 bp −$14	25.4 bp −$254	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	10.960	−0.009%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.992	+0.283%	$5.1M	$7.8M	25x	as long as short
Nado AVAX-PERP	−0.0006%	1h	10.986	+0.233%	$285K	$319K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.965	+0.037%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.989	+0.255%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.992	+0.281%	$4.2M	$11.3M	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.964	+0.025%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.968	+0.064%	$15K	$456K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.967	+0.053%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.976	+0.139%	$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	10.969	+0.069%	$276K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.968	+0.064%	$115.9M	$428.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.961	0.000%	$83.7M	$140.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.967	+0.055%	$20.2M	$113.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.967	+0.055%	$12.1M	$32.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.967	+0.055%	$45.6M	$78.1M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	10.961	long leg	$15.4M	$21.7M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.968	+0.064%	$33.0M	$47.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.968	+0.064%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.985	+0.219%	$369K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.991	+0.270%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.998	+0.338%	$351K	$900K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.004	+0.392%	$177K	$668K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.990	+0.265%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.994	+0.301%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.020	+0.536%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.990	+0.265%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.992	+0.287%	$366K	$791K	75x	as long as short
Phemex AVAXUSDTshort	+0.0100%	8h	10.992	+0.283%	$29.3M	$5.8M	50x
Extended AVAX-USD	+0.0104%	1h	10.965	+0.041%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.988	+0.243%	$252K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.993	+0.292%	$5.0M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.000	+0.356%	$893K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.987	+0.239%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0401%	1h	10.979	+0.164%	$42.6M	$41.7M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.991	+0.272%	$233K	—	120x	as long as short