Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: KuCoin against Pacifica−0.049%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.049%, 7d avg −0.005%

Together, before fees−0.088%+ Points / potential airdropPacifica: Active · farm board−$9 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: KuCoin is 0.044% cheaper against Pacifica than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	10.719	0.0100	pay 0.0013% / 1h	29m 30s	$269K	$129K	10x
Short	KuCoin AVAXUSDTM	10.714	0.0100	get 0.0100% / 8h	1h 29m	$13.6M	$22.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.005%: −$4.39
Slippage, 4 orders: −$23.87
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$48.26
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from Pacifica: live order book, 14 min ago; KuCoin: live order book, 9 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 Pacifica live order book, 14 min ago	1.87 bp	5.9 bp −$6	15.8 bp −$158	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	0.47 bp	16.0 bp −$16	27.6 bp −$276	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
Nado AVAX-PERP	−0.0182%	1h	10.713	−0.053%	$286K	$339K	10x	as long as short
Variational Omni AVAX	−0.0048%	8h	10.697	−0.211%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.706	−0.127%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.712	−0.067%	$4.8M	$7.1M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.704	−0.138%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0028%	8h	10.714	−0.049%	$12.8M	$32.2M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.380%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0088%	8h	10.716	−0.033%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.706	−0.123%	$81.2M	$146.3M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.712	−0.067%	$1.2M	$2.5M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.712	−0.067%	$21K	$426K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.714	−0.049%	$37.4M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.713	−0.054%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	10.719	long leg	$269K	$129K	10x
Binance AVAXUSDT	+0.0100%	8h	10.714	−0.044%	$113.8M	$424.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.704	−0.142%	$18.8M	$112.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.714	−0.049%	$45.6M	$80.8M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.714	−0.049%	$13.6M	$22.9M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.705	−0.133%	$32.4M	$48.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.714	−0.049%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.713	−0.058%	$436K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.700	−0.177%	$341K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.712	−0.067%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.710	−0.086%	$136K	$352K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.715	−0.039%	$230K	$346K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.739	+0.182%	$11K	$765K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.709	−0.095%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.711	−0.072%	$336K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.709	−0.095%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.711	−0.073%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.703	−0.151%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.716	−0.031%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.712	−0.067%	$854K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.706	−0.123%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.700	−0.176%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.705	−0.135%	$226K	—	120x	as long as short