Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: SunX against dYdX+0.278%7-day average +0.273% · you sell dearer than you buy

Net, funding: paid 7d − costs−$404as in the Funding arb table

Net, price: spread back to 7d avg − costs−$424as in the Price arb table

costs, in and out, $10k−$4254.248% of the position

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 4 days (all we have)−0.482%−$48 · spread now +0.278%, 7d avg +0.273%

Together, before fees−0.273%−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.273%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	10.925	0	get 0.0000% / 1h	3m 46s	$93K	$111K	10x
Short	SunX AVAX-USDT	10.955	0.0100	get 0.0100% / 8h	7h 03m	$12K	$775K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against dYdX. 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 dYdXbpFee SunXbpOrdersPrice spread, now +0.278%Rate

Funding earned: $21
Price spread: +0.278% → +0.273%: $0.53
Slippage, 4 orders: −$406.82
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$403.29
Costs to cover: 4.248%
Break-even: 141.4 days

Slippage from dYdX: live order book, 30 min ago; SunX: live order book, 38 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 dYdX live order book, 30 min ago	81.97 bp	170.7 bp −$171	172.5 bp −$1,725	180.3 bp −$18.0K	194.8 bp −$97.4K
Sell SunX live order book, 38 min ago	41.91 bp	102.6 bp −$103	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
Kraken Futures PF_AVAXUSD	−0.0262%	1h	10.930	+0.049%	$3.8M	$11.5M	50x	as long as short
Phemex AVAXUSDT	−0.0161%	8h	10.915	−0.088%	$29.1M	$5.6M	50x	as long as short
Nado AVAX-PERP	−0.0155%	1h	10.921	−0.029%	$275K	$311K	10x	as long as short
Variational Omni AVAX	−0.0092%	8h	10.907	−0.164%	$3.0M	$2.2M	—	as long as short
SoDEX AVAX-USD	−0.0068%	1h	10.922	−0.024%	$19K	$68K	10x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	10.925	long leg	$93K	$111K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.929	+0.040%	$5.0M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.920	−0.041%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.507%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0039%	8h	10.919	−0.052%	$14.2M	$29.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0091%	8h	10.919	−0.053%	$12K	$62	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.926	+0.012%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.924	−0.006%	$19K	$474K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.934	+0.089%	$36.2M	$39.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.923	−0.013%	$2.3M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.920	−0.041%	$275K	$127K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.919	−0.052%	$115.1M	$387.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.916	−0.079%	$85.3M	$135.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.920	−0.042%	$19.5M	$107.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.920	−0.042%	$55.2M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.920	−0.042%	$14.1M	$20.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.921	−0.033%	$33.3M	$44.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.919	−0.052%	—	$52.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.923	−0.015%	$441K	$528K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.911	−0.129%	$352K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.913	−0.107%	$175K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.930	+0.049%	$139K	$236K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.931	+0.058%	$236K	$221K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	10.955	+0.278%	$12K	$775K	20x
HTX AVAX-USDT	+0.0100%	8h	10.915	−0.084%	$337K	$868K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.916	−0.080%	$621K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.924	−0.010%	$251K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.923	−0.015%	$860K	$5.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.916	−0.079%	$4.7M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.919	−0.047%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.929	+0.044%	$231K	—	120x	as long as short