Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.030%

Price spread now: SunX against gTrade (Gains Network)+0.176%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.176% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AVAX/USD	10.796	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	46m 50s	$12K	—	150x
Short	SunX AVAX-USDT	10.815	0.0100	get 0.0100% / 8h	7h 46m	$12K	$770K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee SunXbpOrdersPrice spread, now +0.176%Rate

Funding earned: $20.66
Price spread: +0.176% → 0.000%: $17.6
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $20.26
Costs to cover: 0.180%
Break-even: 0.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; SunX: live order book, 65 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell SunX live order book, 65 min ago	41.88 bp	101.6 bp −$102	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado AVAX-PERP	−0.0289%	1h	10.789	−0.065%	$281K	$331K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0265%	1h	10.790	−0.051%	$3.7M	$11.6M	50x	as long as short
Phemex AVAXUSDT	−0.0123%	8h	10.787	−0.079%	$28.8M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0077%	8h	10.764	−0.294%	$3.0M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0028%	1h	10.789	−0.060%	$4.9M	$6.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.785	−0.100%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0003%	1h	10.796	long leg	$12K	—	150x
SoDEX AVAX-USD	+0.0002%	1h	10.786	−0.088%	$18K	$68K	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.329%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	10.786	−0.091%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.787	−0.082%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.788	−0.069%	$28K	$463K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.803	+0.069%	$37.0M	$40.1M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.789	−0.065%	$2.4M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.785	−0.095%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.779	−0.150%	$114.0M	$398.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.805	+0.088%	$84.5M	$138.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.810	+0.134%	$19.0M	$107.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.785	−0.097%	$13.6M	$28.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.782	−0.125%	$53.2M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.790	−0.051%	$14.0M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.786	−0.088%	$32.9M	$45.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.778	−0.162%	—	$53.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.795	−0.005%	$439K	$531K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.769	−0.246%	$340K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.769	−0.245%	$174K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.795	−0.005%	$136K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.798	+0.023%	$233K	$248K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	10.815	+0.176%	$12K	$770K	20x
HTX AVAX-USDT	+0.0100%	8h	10.787	−0.074%	$333K	$867K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.780	−0.146%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.784	−0.104%	$248K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.770	−0.236%	$850K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.787	−0.079%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.786	−0.087%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.789	−0.056%	$228K	—	120x	as long as short