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 +0.015%

Price spread now: SunX against Binance+0.158%46s7-day average +0.271% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as 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−$1721.718% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now +0.158%, 7d avg +0.271%

Together, before fees+0.059%+$6 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 0.113% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.271%. The two prices were read 46 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	Binance AVAXUSDT	11.214	0.0100	pay 0.0100% / 8h	7h 12m	$119.7M	$475.9M	75x
Short	SunX AVAX-USDT	11.232	0.0100	get 0.0100% / 8h	7h 12m	$12K	$719K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now +0.158%Rate

Funding earned: $0
Price spread: +0.158% → +0.271%: −$11.26
Slippage, 4 orders: −$153.83
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$183.09
Costs to cover: 1.718%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; SunX: live order book, 39 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 Binance live order book, 16 min ago	0.45 bp	7.5 bp −$8	13.8 bp −$138	38.6 bp −$3,861	131.4 bp −$65.7K
Sell SunX live order book, 39 min ago	41.89 bp	102.0 bp −$102	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
Injective AVAX/USDC PERP	−0.1363%	1h	11.140	−0.661%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0060%	1h	11.218	+0.039%	$294K	$728K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.207	−0.066%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.200	−0.126%	$5.3M	$8.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.216	+0.021%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.209	−0.044%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.211	−0.028%	$15K	$610K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.215	+0.011%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.216	+0.015%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.213	−0.009%	$298K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDTlong	+0.0100%	8h	11.214	long leg	$119.7M	$475.9M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.215	+0.008%	$89.1M	$147.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.216	+0.016%	$20.0M	$130.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.214	−0.001%	$12.2M	$38.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.213	−0.010%	$48.9M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.216	+0.016%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.214	−0.001%	$34.0M	$53.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.218	+0.034%	—	$84.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.200	−0.126%	$358K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.178	−0.324%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.187	−0.241%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.190	−0.215%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.216	+0.016%	$132K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.207	−0.064%	$197K	$313K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.232	+0.158%	$12K	$719K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.198	−0.144%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.196	−0.158%	$363K	$938K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.199	−0.135%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.215	+0.007%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.196	−0.158%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.202	−0.109%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.196	−0.162%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.212	−0.021%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.209	−0.046%	$912K	$6.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.201	−0.116%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0679%	1h	11.232	+0.159%	$43.9M	$49.6M	10x	as long as short