Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.003%

Price spread now: KuCoin against Popdex−0.038%7-day average −0.009% · you buy dearer than you sell

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−$480.483% of the position

Long on Popdex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.038%, 7d avg −0.009%

Together, before fees+0.008%+$1 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 0.028% cheaper against Popdex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	10.546	0.0096	pay 0.0012% / 1h	25m 00s	$18K	$441K	50x
Short	KuCoin AVAXUSDTM	10.542	0.0100	get 0.0100% / 8h	2h 25m	$13.1M	$22.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Popdex. 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 PopdexbpFee KuCoinbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0.84
Price spread: −0.038% → −0.009%: −$2.84
Slippage, 4 orders: −$29.93
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$50.34
Costs to cover: 0.483%
Break-even: 426.5 days

Slippage from Popdex: live order book, 24 min ago; KuCoin: 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 Popdex live order book, 24 min ago	1.89 bp	7.9 bp −$8	19.2 bp −$192	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	0.47 bp	14.6 bp −$15	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
Injective AVAX/USDC PERP	−0.1423%	1h	10.760	+2.029%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0283%	1h	10.543	−0.031%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0057%	1h	10.541	−0.043%	$287K	$339K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0035%	1h	10.539	−0.066%	$4.7M	$7.5M	25x	as long as short
Variational Omni AVAX	−0.0017%	8h	10.535	−0.107%	$2.7M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.559	+0.121%	$88K	$117K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.544	−0.018%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0026%	8h	10.531	−0.142%	$12.1M	$32.7M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0043%	1h	10.533	−0.123%	$367K	$563K	15x	as long as short
Bybit AVAXUSDT	+0.0077%	8h	10.523	−0.218%	$77.7M	$144.9M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVAX-USD	+0.0081%	1h	10.544	−0.019%	$131K	$355K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.540	−0.055%	$1.1M	$2.6M	10x	as long as short
Popdex AVAXUSDTlong	+0.0096%	1h	10.546	long leg	$18K	$441K	50x
Paradex AVAX-USD-PERP	+0.0096%	8h	10.566	+0.187%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.538	−0.076%	$37.8M	$44.1M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.533	−0.123%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.561	+0.142%	$265K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.533	−0.121%	$112.0M	$430.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.529	−0.161%	$18.5M	$111.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.535	−0.104%	$43.1M	$80.2M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.542	−0.038%	$13.1M	$22.8M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.529	−0.161%	$31.9M	$49.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.531	−0.142%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.602	+0.531%	$340K	$978K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.559	+0.123%	$170K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.549	+0.028%	$167K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.573	+0.261%	$11K	$758K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.540	−0.057%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.540	−0.062%	$343K	$803K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.542	−0.038%	$28.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.534	−0.118%	$635K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.537	−0.086%	$242K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.555	+0.085%	$827K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.543	−0.028%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.540	−0.053%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.545	−0.012%	$231K	—	120x	as long as short