Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0166%/8h= +18.2% APRpaid last 24h +0.022%

Price spread now: SunX against Nado+0.284%7-day average +0.266% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1751.752% of the position

Long on Nado Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 3 days (all we have)−0.113%−$11 · spread now +0.284%, 7d avg +0.266%

Together, before fees−0.076%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.266%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	11.204	−0.0066	get 0.0008% / 1h	8m 05s	$294K	$680K	10x
Short	SunX AVAX-USDT	11.236	0.0100	get 0.0100% / 8h	7h 08m	$12K	$718K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Nado. 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 NadobpFee SunXbpOrdersPrice spread, now +0.284%Rate

Funding earned: $34.96
Price spread: +0.284% → +0.266%: $1.76
Slippage, 4 orders: −$160.2
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$138.48
Costs to cover: 1.752%
Break-even: 34.7 days

Slippage from Nado: live order book, 65 min ago; SunX: live order book, 44 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 Nado live order book, 65 min ago	1.78 bp	10.9 bp −$11	23.4 bp −$234	doesn't fit	doesn't fit
Sell SunX live order book, 44 min ago	41.89 bp	102.0 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
Injective AVAX/USDC PERP	−0.1363%	1h	11.170	−0.303%	$17K	$151K	12x	as long as short
Nado AVAX-PERPlong	−0.0066%	1h	11.204	long leg	$294K	$680K	10x
Deribit AVAX_USDC-PERPETUAL	−0.0018%	1h	11.200	−0.036%	$5.3M	$8.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.206	+0.014%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.203	−0.009%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.198	−0.054%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.201	−0.027%	$15K	$608K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.195	−0.078%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.202	−0.020%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.204	+0.003%	$297K	$107K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.194	−0.086%	$119.5M	$474.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.195	−0.080%	$89.0M	$147.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.194	−0.089%	$20.0M	$130.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.198	−0.054%	$12.2M	$38.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.194	−0.089%	$50.9M	$89.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.201	−0.027%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.195	−0.080%	$34.0M	$53.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.197	−0.062%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.196	−0.071%	$358K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.214	+0.086%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.202	−0.019%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.221	+0.152%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.204	0.000%	$131K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.209	+0.045%	$197K	$313K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.236	+0.284%	$12K	$718K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.197	−0.062%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.202	−0.021%	$364K	$945K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.198	−0.054%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.192	−0.107%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.202	−0.018%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.203	−0.013%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.204	0.000%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.200	−0.035%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.212	+0.071%	$912K	$6.4M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0297%	1h	11.202	−0.022%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0666%	1h	11.211	+0.064%	$43.8M	$48.9M	10x	as long as short