Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against SunX−0.344%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.344% cheaper against SunX than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	11.024	0.0100	pay 0.0100% / 8h	3h 55m	$12K	$717K	20x
Short	gTrade (Gains Network) AVAX/USD	10.986	L +0.0002% / S −0.0003%	get 0.0000% / 1h	55m 55s	$12K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.344%Rate

Funding earned: −$20.36
Price spread: −0.344% → 0.000%: −$34.38
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$72.74
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 26 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 26 min ago	41.87 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1421%	1h	10.940	−0.764%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0114%	1h	10.993	−0.283%	$5.1M	$7.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.980	−0.405%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USDshort	L +0.0002% / S −0.0003%	1h	10.986	−0.344%	$12K	—	150x
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.995	−0.267%	$4.2M	$11.2M	50x	as long as short
Nado AVAX-PERP	+0.0033%	1h	10.979	−0.415%	$285K	$317K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.992	−0.297%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.979	−0.410%	$15K	$458K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.979	−0.407%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.987	−0.337%	$2.2M	$1.1M	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	10.981	−0.391%	$277K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.993	−0.283%	$115.9M	$428.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.989	−0.319%	$85.0M	$139.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.997	−0.247%	$20.2M	$114.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.993	−0.283%	$12.1M	$32.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.988	−0.328%	$45.7M	$77.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.992	−0.292%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.982	−0.383%	$32.9M	$47.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.990	−0.310%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.990	−0.310%	$368K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.987	−0.341%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.995	−0.266%	$351K	$882K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.999	−0.229%	$177K	$671K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.978	−0.419%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.999	−0.229%	$193K	$310K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	11.024	long leg	$12K	$717K	20x
SoDEX AVAX-USD	+0.0100%	1h	10.992	−0.292%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.990	−0.314%	$366K	$811K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.995	−0.265%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.982	−0.387%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.990	−0.314%	$252K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.986	−0.347%	$5.0M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.003	−0.192%	$894K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.973	−0.467%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0308%	1h	11.004	−0.183%	$42.7M	$41.9M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.986	−0.350%	$233K	—	120x	as long as short