Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: SunX against Aevo+0.301%7-day average +0.293% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,267as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,267as in the Price arb table

costs, in and out, $10k−$1,26712.675% of the position

Long on Aevo Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 3 days (all we have)−0.011%−$1 · spread now +0.301%, 7d avg +0.293%

Together, before fees−0.005%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	11.256	0.0104	pay 0.0013% / 1h	29m 30s	$259K	—	3x
Short	SunX AVAX-USDT	11.290	0.0100	get 0.0100% / 8h	2h 29m	$12K	$715K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aevo. 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 AevobpFee SunXbpOrdersPrice spread, now +0.301%Rate

Funding earned: −$0.84
Price spread: +0.301% → +0.293%: $0.81
Slippage, 4 orders: −$1,243.46
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$1,267.5
Costs to cover: 12.675%
Break-even: never at this rate

Slippage from Aevo: live order book, 59 min ago; SunX: live order book, 52 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 Aevo live order book, 59 min ago	256.32 bp	563.2 bp −$563	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 52 min ago	41.89 bp	101.3 bp −$101	doesn't fit	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
Variational Omni AVAX	−0.0142%	8h	11.251	−0.043%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.261	+0.046%	$5.3M	$9.4M	25x	as long as short
Nado AVAX-PERP	−0.0100%	1h	11.274	+0.159%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.384%	$17K	$127K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.278	+0.196%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.262	+0.055%	$13K	—	150x	as long as short
Extended AVAX-USD	+0.0016%	1h	11.271	+0.131%	$672K	$2.3M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.275	+0.170%	$914K	$8.2M	50x	as long as short
Gate AVAX_USDT	+0.0058%	8h	11.272	+0.144%	$12.7M	$40.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0059%	8h	11.269	+0.117%	$20.1M	$148.3M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0062%	8h	11.276	+0.179%	$30.2M	$4.8M	50x	as long as short
MEXC AVAX_USDT	+0.0077%	8h	11.272	+0.144%	$55.1M	$109.5M	200x	as long as short
Binance AVAXUSDT	+0.0080%	8h	11.271	+0.139%	$120.9M	$537.9M	75x	as long as short
Bybit AVAXUSDT	+0.0086%	8h	11.274	+0.161%	$88.1M	$153.8M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.272	+0.144%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.272	+0.144%	$9K	$700K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.271	+0.131%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.276	+0.175%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.275	+0.170%	$300K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.278	+0.197%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.272	+0.144%	$34.7M	$61.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.271	+0.135%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.276	+0.179%	$334K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.246	−0.085%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.249	−0.061%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.274	+0.161%	$131K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.268	+0.108%	$203K	$302K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.290	+0.301%	$12K	$715K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.260	+0.037%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.267	+0.102%	$362K	$1.1M	75x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	11.256	long leg	$259K	—	3x
BloFin AVAX-USDT	+0.0198%	8h	11.246	−0.087%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.269	+0.117%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.271	+0.136%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.260	+0.040%	$243K	—	120x	as long as short
Hyperliquid AVAX	+0.0549%	1h	11.289	+0.295%	$43.7M	$58.5M	10x	as long as short