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 +0.011%

Price spread now: SunX against Bitget+0.276%7-day average +0.302% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1771.768% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 3 days (all we have)−0.112%−$11 · spread now +0.276%, 7d avg +0.302%

Together, before fees−0.057%−$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 0.026% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.302%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	11.167	0.0100	pay 0.0100% / 8h	7h 17m	$33.9M	$53.5M	75x
Short	SunX AVAX-USDT	11.198	0.0100	get 0.0100% / 8h	7h 17m	$12K	$719K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now +0.276%Rate

Funding earned: $0
Price spread: +0.276% → +0.302%: −$2.63
Slippage, 4 orders: −$156.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$179.41
Costs to cover: 1.768%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago	0.45 bp	9.0 bp −$9	14.7 bp −$147	27.3 bp −$2,726	doesn't fit
Sell SunX live order book, 34 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	11.120	−0.421%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0108%	1h	11.165	−0.018%	$5.3M	$8.5M	25x	as long as short
Nado AVAX-PERP	−0.0054%	1h	11.172	+0.049%	$293K	$732K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.174	+0.064%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.166	−0.013%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.170	+0.023%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.171	+0.036%	$15K	$611K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.167	+0.003%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.170	+0.025%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.170	+0.030%	$297K	$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 AVAXUSDT	+0.0100%	8h	11.174	+0.062%	$119.3M	$477.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.174	+0.063%	$89.0M	$147.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.167	0.000%	$20.0M	$131.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.170	+0.027%	$12.2M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.169	+0.018%	$48.7M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.174	+0.063%	$15.4M	$23.1M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	11.167	long leg	$33.9M	$53.5M	75x
BingX AVAX-USDT	+0.0100%	8h	11.166	−0.009%	—	$84.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.178	+0.099%	$357K	$551K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.163	−0.039%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.159	−0.071%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.163	−0.036%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.173	+0.054%	$131K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.173	+0.054%	$196K	$313K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.198	+0.276%	$12K	$719K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.170	+0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.168	+0.004%	$362K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.169	+0.018%	$29.9M	$5.2M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.167	−0.003%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.161	−0.054%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.173	+0.051%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.173	+0.054%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.166	−0.010%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.155	−0.107%	$921K	$6.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.164	−0.027%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0688%	1h	11.184	+0.152%	$43.7M	$49.6M	10x	as long as short