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 0.000%

Price spread now: SunX against HTX+0.359%7-day average +0.290% · you sell dearer than you buy

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs−$238as in the Price arb table

costs, in and out, $10k−$2452.453% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.359%, 7d avg +0.290%

Together, before fees−0.103%−$10 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 0.069% dearer against HTX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.290%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	10.989	0.0100	pay 0.0100% / 8h	3h 58m	$366K	$811K	75x
Short	SunX AVAX-USDT	11.028	0.0100	get 0.0100% / 8h	3h 58m	$12K	$717K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against HTX. 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 HTXbpFee SunXbpOrdersPrice spread, now +0.359%Rate

Funding earned: $0
Price spread: +0.359% → +0.290%: $6.9
Slippage, 4 orders: −$225.31
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$238.41
Costs to cover: 2.453%
Break-even: never at this rate

Slippage from HTX: live order book, 65 min ago; SunX: live order book, 23 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 HTX live order book, 65 min ago	27.13 bp	44.1 bp −$44	94.3 bp −$943	doesn't fit	doesn't fit
Sell SunX live order book, 23 min ago	41.87 bp	101.2 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	−0.1421%	1h	10.950	−0.353%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.991	+0.020%	$5.1M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.996	+0.065%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.993	+0.038%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.994	+0.047%	$4.2M	$11.3M	50x	as long as short
Nado AVAX-PERP	+0.0061%	1h	10.994	+0.047%	$285K	$372K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.990	+0.011%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.982	−0.062%	$15K	$481K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.988	−0.004%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.995	+0.056%	$2.2M	$1.1M	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	10.992	+0.031%	$277K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.982	−0.066%	$115.8M	$428.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.977	−0.107%	$84.9M	$139.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.981	−0.071%	$20.2M	$114.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.988	−0.007%	$12.0M	$32.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.990	+0.011%	$46.1M	$77.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.996	+0.066%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.977	−0.107%	$32.9M	$47.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.986	−0.025%	—	$77.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.991	+0.020%	$368K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.996	+0.062%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.997	+0.075%	$351K	$882K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.999	+0.093%	$177K	$670K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.995	+0.056%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.000	+0.102%	$193K	$310K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.028	+0.359%	$12K	$717K	20x
SoDEX AVAX-USD	+0.0100%	1h	10.993	+0.038%	$18K	$71K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	10.989	long leg	$366K	$811K	75x
Phemex AVAXUSDT	+0.0100%	8h	10.994	+0.047%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.981	−0.071%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.992	+0.025%	$252K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.987	−0.016%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.004	+0.138%	$894K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.988	−0.010%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0289%	1h	11.005	+0.147%	$42.7M	$41.9M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.994	+0.046%	$233K	—	120x	as long as short