Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: SunX against MEXC+0.351%7-day average +0.269% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1581.578% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)−0.276%−$28 · spread now +0.351%, 7d avg +0.269%

Together, before fees−0.210%−$21 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 0.082% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.269%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	11.253	0.0100	pay 0.0100% / 8h	1h 26m	$52.2M	$100.1M	200x
Short	SunX AVAX-USDT	11.293	0.0100	get 0.0100% / 8h	1h 26m	$12K	$731K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against MEXC. 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 MEXCbpFee SunXbpOrdersPrice spread, now +0.351%Rate

Funding earned: $0
Price spread: +0.351% → +0.269%: $8.15
Slippage, 4 orders: −$149.79
Fee MEXC: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$149.63
Costs to cover: 1.578%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; SunX: live order book, 45 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 MEXC live order book, 2 min ago	0.44 bp	1.2 bp −$1	3.1 bp −$31	32.9 bp −$3,289	98.3 bp −$49.1K
Sell SunX live order book, 45 min ago	41.86 bp	100.8 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	−0.0570%	1h	11.210	−0.382%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0194%	1h	11.254	+0.009%	$5.3M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0026%	1h	11.266	+0.116%	$297K	$895K	10x	as long as short
Variational Omni AVAX	−0.0016%	8h	11.259	+0.054%	$3.0M	$2.4M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.257	+0.038%	$104K	$112K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.256	+0.027%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.246	−0.063%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.265	+0.107%	$17K	$691K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.260	+0.063%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.258	+0.047%	$2.3M	$1.8M	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	11.260	+0.066%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.244	−0.078%	$120.3M	$526.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.252	−0.009%	$88.8M	$157.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.252	−0.009%	$20.3M	$146.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.253	0.000%	$12.3M	$40.4M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	11.253	long leg	$52.2M	$100.1M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.256	+0.027%	$16.2M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.250	−0.027%	$34.2M	$60.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.252	−0.009%	—	$89.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.257	+0.036%	$361K	$570K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.266	+0.113%	$360K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.270	+0.151%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.268	+0.133%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.265	+0.107%	$203K	$301K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.293	+0.351%	$12K	$731K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.256	+0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.261	+0.076%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.254	+0.009%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.249	−0.035%	$673K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.260	+0.063%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.255	+0.018%	$909K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.258	+0.044%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.255	+0.018%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0404% / S −0.0249%	1h	11.254	+0.009%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0620%	1h	11.270	+0.151%	$43.6M	$57.2M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.263	+0.086%	$4.6M	$13.5M	50x	as long as short