Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: SunX against Lighter+0.347%7-day average +0.296% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1621.617% of the position

Long on Lighter Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 4 days (all we have)−0.530%−$53 · spread now +0.347%, 7d avg +0.296%

Together, before fees−0.369%+ Points / potential airdropLighter: Season 3 · farm board−$37 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 0.051% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.296%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	10.756	0.0096	pay 0.0012% / 1h	50m 01s	$1.2M	$2.0M	10x
Short	SunX AVAX-USDT	10.793	0.0100	get 0.0100% / 8h	7h 50m	$12K	$770K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Lighter. 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 LighterbpFee SunXbpOrdersPrice spread, now +0.347%Rate

Funding earned: $0.84
Price spread: +0.347% → +0.296%: $5.13
Slippage, 4 orders: −$153.74
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$155.77
Costs to cover: 1.617%
Break-even: 1305.1 days

Slippage from Lighter: live order book, 2 min ago; SunX: live order book, 62 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 Lighter live order book, 2 min ago	0.46 bp	1.3 bp −$1	7.8 bp −$78	85.8 bp −$8,577	doesn't fit
Sell SunX live order book, 62 min ago	41.88 bp	101.6 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
Nado AVAX-PERP	−0.0322%	1h	10.755	−0.014%	$290K	$322K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0266%	1h	10.758	+0.021%	$3.7M	$11.6M	50x	as long as short
Gate AVAX_USDT	−0.0117%	8h	10.756	0.000%	$13.6M	$28.6M	75x	as long as short
Variational Omni AVAX	−0.0077%	8h	10.764	+0.072%	$3.0M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0029%	1h	10.757	+0.009%	$4.9M	$6.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.765	+0.080%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.770	+0.126%	$12K	—	150x	as long as short
SoDEX AVAX-USD	+0.0007%	1h	10.756	0.000%	$18K	$68K	10x	as long as short
Phemex AVAXUSDT	+0.0019%	8h	10.762	+0.056%	$28.7M	$5.7M	50x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.037%	$17K	$151K	12x	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	+0.0093%	8h	10.761	+0.050%	$12K	$212	20x	as long as short
Lighter AVAXlong	+0.0096%	1h	10.756	long leg	$1.2M	$2.0M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.761	+0.046%	$25K	$464K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.770	+0.130%	$36.9M	$40.1M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.763	+0.062%	$2.4M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.764	+0.071%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.759	+0.028%	$113.8M	$399.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.759	+0.028%	$84.1M	$139.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.762	+0.056%	$19.0M	$107.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.755	−0.009%	$53.0M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.759	+0.028%	$13.9M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.761	+0.046%	$32.7M	$45.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.756	0.000%	—	$53.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.762	+0.056%	$438K	$531K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.778	+0.204%	$340K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.782	+0.242%	$174K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.765	+0.084%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.763	+0.065%	$233K	$248K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	10.793	+0.347%	$12K	$770K	20x
HTX AVAX-USDT	+0.0100%	8h	10.755	−0.014%	$332K	$868K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.760	+0.040%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.751	−0.047%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.769	+0.121%	$847K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.765	+0.084%	$4.6M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.756	+0.003%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.759	+0.028%	$227K	—	120x	as long as short