Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: SunX against ApeX Omni+0.351%47s7-day average +0.241% · you sell dearer than you buy

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1831.827% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.276%−$28 · spread now +0.351%, 7d avg +0.241%

Together, before fees−0.272%−$27 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: SunX is 0.110% dearer against ApeX Omni than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.241%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	11.325	0.0100	pay 0.0013% / 1h	21m 25s	$182K	$683K	50x
Short	SunX AVAX-USDT	11.365	0.0100	get 0.0100% / 8h	2h 21m	$12K	$718K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against ApeX Omni. 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 ApeX OmnibpFee SunXbpOrdersPrice spread, now +0.351%Rate

Funding earned: $0
Price spread: +0.351% → +0.241%: $11
Slippage, 4 orders: −$164.68
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$171.68
Costs to cover: 1.827%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 67 min ago; SunX: live order book, 60 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 ApeX Omni live order book, 67 min ago	4.52 bp	11.9 bp −$12	100.3 bp −$1,003	doesn't fit	doesn't fit
Sell SunX live order book, 60 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
Deribit AVAX_USDC-PERPETUAL	−0.0191%	1h	11.327	+0.018%	$5.4M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0130%	8h	11.287	−0.335%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0088%	1h	11.281	−0.389%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.280	−0.397%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.304	−0.188%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.332	+0.058%	$16K	—	150x	as long as short
Extended AVAX-USD	+0.0056%	1h	11.294	−0.270%	$676K	$2.2M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.351	+0.230%	$919K	$8.3M	50x	as long as short
Gate AVAX_USDT	+0.0059%	8h	11.302	−0.203%	$12.7M	$40.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0067%	8h	11.282	−0.380%	$20.0M	$148.6M	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	+0.0072%	8h	11.319	−0.053%	$30.3M	$4.9M	50x	as long as short
MEXC AVAX_USDT	+0.0088%	8h	11.294	−0.274%	$55.8M	$110.0M	200x	as long as short
Binance AVAXUSDT	+0.0089%	8h	11.279	−0.410%	$120.9M	$537.4M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.297	−0.245%	$1.3M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.280	−0.397%	$9K	$705K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	11.294	−0.270%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.307	−0.162%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.304	−0.189%	$300K	$122K	10x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.284	−0.362%	$89.5M	$154.9M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.306	−0.168%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.278	−0.415%	$34.8M	$61.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.295	−0.265%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.318	−0.062%	$335K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.323	−0.017%	$358K	$909K	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	11.325	long leg	$182K	$683K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.284	−0.362%	$131K	$479K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.335	+0.088%	$204K	$302K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.365	+0.351%	$12K	$718K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.319	−0.053%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.316	−0.075%	$363K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.324	−0.008%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0207%	8h	11.317	−0.071%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.276	−0.430%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.326	+0.006%	$4.6M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.332	+0.060%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0617%	1h	11.300	−0.221%	$44.1M	$58.6M	10x	as long as short