Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: Aevo against SunX−0.282%7-day average −0.291% · you buy dearer than you sell

Net, funding: paid 7d − costs−$994as in the Funding arb table

Net, price: spread back to 7d avg − costs−$993as in the Price arb table

costs, in and out, $10k−$9949.937% of the position

Long on SunX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.282%, 7d avg −0.291%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	11.153	0.0100	pay 0.0100% / 8h	6h 29m	$13K	$721K	20x
Short	Aevo AVAX-PERP	11.122	0.0104	get 0.0013% / 1h	29m 46s	$255K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now −0.282%Rate

Funding earned: $0.84
Price spread: −0.282% → −0.291%: $0.93
Slippage, 4 orders: −$969.75
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$991.98
Costs to cover: 9.937%
Break-even: 8273.5 days

Slippage from SunX: live order book, 12 min ago; Aevo: live order book, 39 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 SunX live order book, 12 min ago	41.89 bp	55.3 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 39 min ago	193.84 bp	429.0 bp −$429	doesn't fit	doesn't fit	doesn't fit

AVAX on 35 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	−0.1423%	1h	11.090	−0.568%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.121	−0.290%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0050%	1h	11.125	−0.250%	$286K	$516K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.120	−0.303%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.121	−0.289%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0066%	8h	11.119	−0.308%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.113	−0.363%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.126	−0.246%	$15K	$595K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.123	−0.275%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.122	−0.279%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.126	−0.242%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.117	−0.323%	$118.4M	$465.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.117	−0.326%	$88.5M	$143.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.117	−0.326%	$20.0M	$124.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.121	−0.290%	$48.7M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.126	−0.246%	$15.6M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.113	−0.362%	$33.4M	$51.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.118	−0.317%	—	$83.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.126	−0.246%	$356K	$536K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.127	−0.239%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.117	−0.326%	$350K	$800K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.118	−0.317%	$179K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.129	−0.219%	$131K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.128	−0.228%	$195K	$313K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	11.153	long leg	$13K	$721K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.124	−0.264%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.123	−0.268%	$361K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.124	−0.264%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.115	−0.344%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	11.122	−0.282%	$255K	—	3x
Reya AVAXRUSDPERP	+0.0244%	1h	11.120	−0.296%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.126	−0.250%	$4.3M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.127	−0.237%	$904K	$5.9M	50x	as long as short
Hyperliquid AVAX	+0.0416%	1h	11.129	−0.219%	$43.3M	$47.1M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.121	−0.291%	$236K	—	120x	as long as short