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: KuCoin against Phemex−0.027%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$710.708% of the position

Long on Phemex Short on KuCoin

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)+0.262%+$26 · spread now −0.027%, 7d avg −0.022%

Together, before fees+0.195%+$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVAXUSDT	11.135	0.0100	pay 0.0100% / 8h	4h 37m	$29.7M	$5.8M	50x
Short	KuCoin AVAXUSDTM	11.132	0.0100	get 0.0100% / 8h	4h 37m	$15.7M	$21.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → −0.022%: −$0.47
Slippage, 4 orders: −$46.84
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$71.31
Costs to cover: 0.708%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; KuCoin: 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 Phemex live order book, 2 min ago	5.84 bp	16.8 bp −$17	25.5 bp −$255	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	0.45 bp	20.9 bp −$21	34.9 bp −$349	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	−0.404%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.131	−0.036%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0032%	1h	11.118	−0.148%	$286K	$373K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.138	+0.027%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.132	−0.025%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.136	+0.013%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.129	−0.054%	$16K	$579K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.137	+0.017%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.136	+0.009%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.141	+0.051%	$290K	$114K	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	11.134	−0.009%	$118.2M	$426.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.134	−0.009%	$88.4M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.131	−0.036%	$20.4M	$115.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.134	−0.009%	$12.2M	$34.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.126	−0.081%	$48.1M	$77.6M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	11.132	−0.027%	$15.7M	$21.6M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.133	−0.018%	$33.4M	$48.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.132	−0.027%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.142	+0.063%	$337K	$521K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.161	+0.237%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.157	+0.195%	$352K	$845K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.154	+0.171%	$179K	$673K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.131	−0.036%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.137	+0.018%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.149	+0.123%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.135	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.115	−0.176%	$363K	$826K	75x	as long as short
Phemex AVAXUSDTlong	+0.0100%	8h	11.135	long leg	$29.7M	$5.8M	50x
Extended AVAX-USD	+0.0104%	1h	11.130	−0.043%	$689K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.113	−0.200%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.140	+0.043%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.140	+0.045%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.156	+0.189%	$892K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.120	−0.137%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.132	−0.026%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0590%	1h	11.132	−0.027%	$43.1M	$42.3M	10x	as long as short