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 −0.008%

Price spread now: Aster against SunX−0.203%7-day average −0.281% · you buy dearer than you sell

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1741.744% of the position

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 3 days (all we have)+0.117%+$12 · spread now −0.203%, 7d avg −0.281%

Together, before fees+0.075%+ Points / potential airdropAster: Stage 5 · farm board+$7 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: Aster is 0.077% dearer against SunX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.281%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	11.227	0.0100	pay 0.0100% / 8h	2h 39m	$12K	$713K	20x
Short	Aster AVAXUSDT	11.204	0.0100	get 0.0100% / 8h	2h 39m	$2.3M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.203%Rate

Funding earned: $0
Price spread: −0.203% → −0.281%: $7.74
Slippage, 4 orders: −$158.39
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$166.65
Costs to cover: 1.744%
Break-even: never at this rate

Slippage from SunX: live order book, 41 min ago; Aster: live order book, 3 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, 41 min ago	41.89 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.90 bp	7.4 bp −$7	18.0 bp −$180	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
Deribit AVAX_USDC-PERPETUAL	−0.0285%	1h	11.199	−0.248%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0169%	8h	11.174	−0.474%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0121%	1h	11.203	−0.216%	$296K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.129%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0024%	1h	11.195	−0.281%	$666K	$2.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.203	−0.212%	$98K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.202	−0.222%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0043%	8h	11.200	−0.239%	$12.5M	$39.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0050%	8h	11.196	−0.274%	$20.1M	$147.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.209	−0.159%	$913K	$8.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit AVAXUSDT	+0.0057%	8h	11.199	−0.248%	$85.3M	$151.1M	75x	as long as short
Phemex AVAXUSDT	+0.0059%	8h	11.202	−0.221%	$30.0M	$4.8M	50x	as long as short
MEXC AVAX_USDT	+0.0067%	8h	11.199	−0.248%	$53.5M	$108.9M	200x	as long as short
Binance AVAXUSDT	+0.0068%	8h	11.199	−0.249%	$120.0M	$537.9M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0095%	8h	11.202	−0.224%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.200	−0.236%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.202	−0.221%	$13K	$697K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.197	−0.261%	$257K	—	3x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	11.204	−0.203%	$2.3M	$1.9M	75x
Pacifica AVAX	+0.0100%	1h	11.206	−0.186%	$298K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.204	−0.203%	$16.0M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.199	−0.248%	$34.4M	$61.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.199	−0.248%	—	$90.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.203	−0.212%	$332K	$556K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.182	−0.399%	$358K	$907K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.187	−0.355%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.205	−0.194%	$124K	$475K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.206	−0.185%	$202K	$302K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	11.227	long leg	$12K	$713K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.199	−0.248%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.198	−0.252%	$359K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0188%	8h	11.200	−0.239%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.200	−0.240%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0256%	1h	11.209	−0.158%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.199	−0.247%	$241K	—	120x	as long as short
Hyperliquid AVAX	+0.0447%	1h	11.218	−0.078%	$42.6M	$58.5M	10x	as long as short