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 −0.010%

Price spread now: BingX against SunX−0.194%7-day average −0.300% · you buy dearer than you sell

Net, funding: paid 7d − costs−$188as in the Funding arb table

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

costs, in and out, $10k−$1831.832% of the position

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 3 days (all we have)+0.049%+$5 · spread now −0.194%, 7d avg −0.300%

Together, before fees+0.005%$0 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: BingX is 0.105% dearer against SunX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.300%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	11.260	0.0100	pay 0.0100% / 8h	7m 37s	$12K	$735K	20x
Short	BingX AVAX-USDC	11.238	0.0100	get 0.0100% / 8h	7m 37s	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.194%Rate

Funding earned: $0
Price spread: −0.194% → −0.300%: $10.54
Slippage, 4 orders: −$165.23
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$172.69
Costs to cover: 1.832%
Break-even: never at this rate

Slippage from SunX: live order book, 54 min ago; BingX: 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, 54 min ago	43.39 bp	56.9 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	0.89 bp	11.8 bp −$12	29.4 bp −$294	86.6 bp −$8,664	521.1 bp −$260.6K

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	−0.1451%	1h	11.180	−0.710%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.231	−0.257%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0098%	1h	11.228	−0.279%	$296K	$877K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.247	−0.117%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.239	−0.186%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.246	−0.121%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.229	−0.274%	$18K	$663K	50x	as long as short
Variational Omni AVAX	+0.0099%	8h	11.203	−0.506%	$3.0M	$2.4M	—	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.243	−0.146%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.245	−0.131%	$2.3M	$1.7M	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	11.249	−0.094%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.231	−0.258%	$120.3M	$510.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.246	−0.123%	$89.6M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.237	−0.203%	$20.3M	$143.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.247	−0.115%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.240	−0.177%	$50.1M	$93.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.251	−0.079%	$15.7M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.240	−0.177%	$34.3M	$57.7M	75x	as long as short
BingX AVAX-USDCshort	+0.0100%	8h	11.238	−0.194%	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.237	−0.203%	$359K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.224	−0.317%	$351K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.227	−0.292%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.235	−0.221%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.243	−0.150%	$204K	$303K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	11.260	long leg	$12K	$735K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.233	−0.239%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.231	−0.258%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.231	−0.257%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.231	−0.254%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.232	−0.248%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.218	−0.372%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.230	−0.261%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.240	−0.176%	$4.6M	$13.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.217	−0.381%	$913K	$7.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0431% / S −0.0254%	1h	11.235	−0.221%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0776%	1h	11.263	+0.028%	$43.9M	$55.0M	10x	as long as short