Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.058%

Price spread now: SunX against Extended+0.212%7-day average +0.336% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

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

costs, in and out, $10k−$1671.667% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 3 days (all we have)−0.096%−$10 · spread now +0.212%, 7d avg +0.336%

Together, before fees+0.048%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.124% cheaper against Extended than usual: you would sell low and buy high (spread +0.212% now, against its 7-day average of +0.336%). If the spread goes back, that is −$12 on $10k: about 5.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AVAX-USD	11.276	0.0024	pay 0.0003% / 1h	29m 19s	$672K	$2.3M	25x
Short	SunX AVAX-USDT	11.300	0.0100	get 0.0100% / 8h	2h 29m	$12K	$716K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.212%Rate

Funding earned: $15.96
Price spread: +0.212% → +0.336%: −$12.37
Slippage, 4 orders: −$153.75
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$163.16
Costs to cover: 1.667%
Break-even: 78.6 days

Slippage from Extended: live order book, 4 min ago; SunX: live order book, 52 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 Extended live order book, 4 min ago	0.89 bp	4.2 bp −$4	6.3 bp −$63	doesn't fit	doesn't fit
Sell SunX live order book, 52 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
Variational Omni AVAX	−0.0142%	8h	11.251	−0.219%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.276	+0.003%	$5.3M	$9.4M	25x	as long as short
Nado AVAX-PERP	−0.0100%	1h	11.274	−0.017%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.558%	$17K	$127K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.278	+0.019%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.278	+0.019%	$13K	—	150x	as long as short
Extended AVAX-USDlong	+0.0024%	1h	11.276	long leg	$672K	$2.3M	25x
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.275	−0.006%	$914K	$8.2M	50x	as long as short
Gate AVAX_USDT	+0.0058%	8h	11.273	−0.024%	$12.7M	$40.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0059%	8h	11.276	+0.003%	$20.1M	$148.4M	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	+0.0062%	8h	11.276	+0.003%	$30.2M	$4.8M	50x	as long as short
MEXC AVAX_USDT	+0.0077%	8h	11.271	−0.041%	$55.1M	$109.5M	200x	as long as short
Binance AVAXUSDT	+0.0080%	8h	11.274	−0.015%	$120.9M	$537.9M	75x	as long as short
Bybit AVAXUSDT	+0.0086%	8h	11.280	+0.038%	$88.2M	$153.8M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.272	−0.033%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.272	−0.033%	$9K	$700K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.271	−0.045%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.275	−0.007%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.275	−0.006%	$300K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.273	−0.024%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.276	+0.003%	$34.7M	$61.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.273	−0.024%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.276	+0.003%	$334K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.246	−0.260%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.249	−0.237%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.274	−0.015%	$131K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.284	+0.074%	$203K	$302K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.300	+0.212%	$12K	$716K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.272	−0.033%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.267	−0.074%	$362K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.274	−0.019%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0198%	8h	11.246	−0.263%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.269	−0.059%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.281	+0.046%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.276	−0.001%	$243K	—	120x	as long as short
Hyperliquid AVAX	+0.0549%	1h	11.289	+0.118%	$43.7M	$58.5M	10x	as long as short