Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: SunX against BingX+0.375%7-day average +0.300% · you sell dearer than you buy

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1811.812% of the position

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 3 days (all we have)−0.272%−$27 · spread now +0.375%, 7d avg +0.300%

Together, before fees−0.228%−$23 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 0.074% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.300%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDC	11.261	0.0100	pay 0.0100% / 8h	1h 37m	—	$6.5M	—
Short	SunX AVAX-USDT	11.303	0.0100	get 0.0100% / 8h	1h 37m	$12K	$729K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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 BingXbpFee SunXbpOrdersPrice spread, now +0.375%Rate

Funding earned: $0
Price spread: +0.375% → +0.300%: $7.44
Slippage, 4 orders: −$163.24
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$173.8
Costs to cover: 1.812%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; SunX: live order book, 34 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 BingX live order book, 14 min ago	1.34 bp	14.5 bp −$15	32.3 bp −$323	91.5 bp −$9,152	426.4 bp −$213.2K
Sell SunX live order book, 34 min ago	41.86 bp	100.8 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
Injective AVAX/USDC PERP	−0.0570%	1h	11.210	−0.453%	$17K	$151K	12x	as long as short
Variational Omni AVAX	−0.0031%	8h	11.242	−0.167%	$3.0M	$2.4M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0016%	1h	11.264	+0.027%	$5.3M	$9.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.265	+0.035%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.273	+0.106%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0008%	1h	11.260	−0.009%	$297K	$896K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.261	0.000%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.258	−0.027%	$16K	$694K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.259	−0.018%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.263	+0.018%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.264	+0.029%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.257	−0.034%	$120.3M	$526.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.254	−0.062%	$87.9M	$156.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.257	−0.036%	$20.3M	$146.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.260	−0.009%	$12.6M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.262	+0.009%	$52.4M	$99.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.273	+0.107%	$16.7M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.255	−0.053%	$34.3M	$60.4M	75x	as long as short
BingX AVAX-USDClong	+0.0100%	8h	11.261	long leg	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.263	+0.018%	$359K	$571K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.254	−0.062%	$359K	$898K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.258	−0.027%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.257	−0.036%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.281	+0.178%	$203K	$301K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.303	+0.375%	$12K	$729K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.261	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.271	+0.093%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.263	+0.018%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.257	−0.035%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.185	−0.670%	$257K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.278	+0.151%	$910K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.255	−0.053%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.253	−0.075%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.274	+0.112%	$238K	—	120x	as long as short
Hyperliquid AVAX	+0.0573%	1h	11.275	+0.124%	$43.6M	$57.1M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.265	+0.038%	$4.6M	$13.5M	50x	as long as short