Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: SunX against Orderly+0.563%57s7-day average +0.229% · you sell dearer than you buy

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

Long on Orderly Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 4 days (all we have)−0.357%−$36 · spread now +0.563%, 7d avg +0.229%

Together, before fees−0.288%−$29 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 0.333% dearer against Orderly than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of +0.229%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	10.735	0.0100	pay 0.0100% / 8h	7h 56m	$232K	$254K	20x
Short	SunX AVAX-USDT	10.795	0.0100	get 0.0100% / 8h	7h 56m	$12K	$769K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Orderly. 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 OrderlybpFee SunXbpOrdersPrice spread, now +0.563%Rate

Funding earned: $0
Price spread: +0.563% → +0.229%: $33.34
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: $19.34
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; SunX: live order book, 55 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 Orderly no order-book sample	—	—	—	—	—
Sell SunX live order book, 55 min ago	41.88 bp	101.6 bp −$102	doesn't fit	doesn't fit	doesn't fit

Orderly: 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
Phemex AVAXUSDT	−0.0960%	8h	10.769	+0.317%	$28.7M	$5.7M	50x	as long as short
Nado AVAX-PERP	−0.0400%	1h	10.728	−0.068%	$290K	$326K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0266%	1h	10.767	+0.301%	$3.8M	$11.6M	50x	as long as short
Variational Omni AVAX	−0.0078%	8h	10.706	−0.270%	$2.9M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.767	+0.297%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.767	+0.298%	$4.8M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.726	−0.084%	$12K	—	150x	as long as short
GRVT AVAX_USDT_Perp	+0.0032%	8h	10.719	−0.149%	$345K	$1.2M	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.233%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0066%	8h	10.720	−0.140%	$13.4M	$28.4M	75x	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	10.741	+0.057%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.759	+0.220%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.723	−0.112%	$25K	$465K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.730	−0.047%	$36.8M	$40.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.728	−0.062%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.761	+0.242%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.716	−0.174%	$113.4M	$401.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.725	−0.093%	$83.9M	$140.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.725	−0.093%	$18.8M	$106.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.720	−0.140%	$53.2M	$78.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.720	−0.140%	$13.8M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.720	−0.140%	$32.7M	$45.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.717	−0.168%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.773	+0.354%	$439K	$534K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.722	−0.121%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.728	−0.065%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	10.735	long leg	$232K	$254K	20x
SunX AVAX-USDTshort	+0.0100%	8h	10.795	+0.563%	$12K	$769K	20x
SoDEX AVAX-USD	+0.0100%	1h	10.766	+0.289%	$18K	$68K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.790	+0.512%	$329K	$874K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.729	−0.054%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.721	−0.127%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.768	+0.307%	$969K	$4.9M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.762	+0.252%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.717	−0.169%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.719	−0.149%	$226K	—	120x	as long as short