Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.058%

Price spread now: Extended against SunX−0.317%7-day average −0.336% · you buy dearer than you sell

Net, funding: paid 7d − costs−$181as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1661.661% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.144%−$14 on $10k

Price spread, last 3 days (all we have)+0.201%+$20 · spread now −0.317%, 7d avg −0.336%

Together, before fees+0.057%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.336%, 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	11.264	0.0100	pay 0.0100% / 8h	2h 34m	$12K	$716K	20x
Short	Extended AVAX-USD	11.228	0	get 0.0000% / 1h	34m 20s	$669K	$2.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.317%Rate

Funding earned: −$21
Price spread: −0.317% → −0.336%: $1.86
Slippage, 4 orders: −$153.14
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$185.28
Costs to cover: 1.661%
Break-even: never at this rate

Slippage from SunX: live order book, 47 min ago; Extended: live order book, 4 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, 47 min ago	41.89 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	1.79 bp	4.3 bp −$4	6.5 bp −$65	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
Variational Omni AVAX	−0.0155%	8h	11.233	−0.270%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0110%	1h	11.234	−0.262%	$297K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.452%	$17K	$127K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0017%	1h	11.232	−0.280%	$5.3M	$9.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.235	−0.255%	$99K	$115K	10x	as long as short
Extended AVAX-USDshort	0.0000%	1h	11.228	−0.317%	$669K	$2.3M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.234	−0.265%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0051%	8h	11.235	−0.253%	$12.6M	$39.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0055%	8h	11.230	−0.297%	$20.0M	$147.7M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.236	−0.244%	$911K	$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
Phemex AVAXUSDT	+0.0057%	8h	11.229	−0.306%	$30.1M	$4.8M	50x	as long as short
Bybit AVAXUSDT	+0.0073%	8h	11.234	−0.262%	$86.6M	$152.3M	75x	as long as short
MEXC AVAX_USDT	+0.0073%	8h	11.235	−0.253%	$53.4M	$109.1M	200x	as long as short
Binance AVAXUSDT	+0.0075%	8h	11.231	−0.290%	$120.6M	$537.6M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.234	−0.259%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.228	−0.312%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.234	−0.262%	$9K	$701K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.226	−0.329%	$258K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.239	−0.214%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.239	−0.215%	$299K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.238	−0.226%	$16.1M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.232	−0.280%	$34.5M	$61.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.232	−0.280%	—	$90.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.233	−0.271%	$333K	$560K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.243	−0.180%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.252	−0.102%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.238	−0.226%	$130K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.238	−0.226%	$202K	$302K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	11.264	long leg	$12K	$716K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.227	−0.324%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.226	−0.337%	$360K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0193%	8h	11.234	−0.262%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.234	−0.259%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.239	−0.213%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.232	−0.276%	$242K	—	120x	as long as short
Hyperliquid AVAX	+0.0490%	1h	11.252	−0.102%	$43.4M	$58.4M	10x	as long as short