Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against SunX−0.260%7-day average −0.276% · you buy dearer than you sell

Net, funding: paid 7d − costs−$515as in the Funding arb table

Net, price: spread back to 7d avg − costs−$492as in the Price arb table

costs, in and out, $10k−$4944.939% of the position

Long on SunX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 3 days (all we have)+0.079%+$8 · spread now −0.260%, 7d avg −0.276%

Together, before fees−0.131%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.276%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

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	0m 24s	$12K	$735K	20x
Short	dYdX AVAX-USD	11.231	0	get 0.0000% / 1h	0m 24s	$103K	$106K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.260%Rate

Funding earned: −$21
Price spread: −0.260% → −0.276%: $1.61
Slippage, 4 orders: −$475.85
Fee SunX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$513.24
Costs to cover: 4.939%
Break-even: never at this rate

Slippage from SunX: live order book, 61 min ago; dYdX: live order book, 13 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, 61 min ago	43.39 bp	56.9 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 13 min ago	146.82 bp	182.6 bp −$183	182.9 bp −$1,829	183.0 bp −$18.3K	183.7 bp −$91.8K

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	−0.258%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0098%	1h	11.231	−0.258%	$296K	$877K	10x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	11.231	−0.260%	$103K	$106K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.233	−0.241%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.232	−0.245%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.232	−0.249%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.231	−0.255%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.233	−0.239%	$2.3M	$1.7M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.235	−0.224%	$298K	$118K	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	11.231	−0.258%	$120.3M	$510.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.231	−0.258%	$89.5M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.230	−0.266%	$20.3M	$143.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.230	−0.266%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.230	−0.266%	$50.0M	$93.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.237	−0.204%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.231	−0.258%	$34.3M	$57.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.232	−0.249%	—	$86.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.234	−0.231%	$359K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.228	−0.284%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.228	−0.284%	$362K	$873K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.238	−0.195%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.233	−0.240%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.239	−0.187%	$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	11.232	−0.249%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.229	−0.280%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.230	−0.266%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.230	−0.268%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.228	−0.284%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.232	−0.249%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.229	−0.271%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.237	−0.203%	$4.6M	$12.9M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.235	−0.222%	$917K	$7.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0434% / S −0.0257%	1h	11.232	−0.250%	$251K	—	120x	as long as short
Hyperliquid AVAX	+0.0754%	1h	11.249	−0.098%	$43.8M	$55.0M	10x	as long as short