Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h +0.037%

Price spread now: GMX against SunX−0.180%7-day average −0.217% · you buy dearer than you sell

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

Long on SunX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.150%+$15 on $10k

Price spread, last 3 days (all we have)+0.025%+$3 · spread now −0.180%, 7d avg −0.217%

Together, before fees+0.175%+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.037% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.217%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	11.298	0.0100	pay 0.0100% / 8h	53m 11s	$12K	$733K	20x
Short	GMX AVAX/USD [AVAX-USDC]	11.278	L +0.0416% / S −0.0267%	get 0.0033% / 1h	53m 11s	$238K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.180%Rate

Funding earned: $35.08
Price spread: −0.180% → −0.217%: $3.71
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $18.79
Costs to cover: 0.200%
Break-even: 3.3 days

Slippage unknown: SunX: live order book, 9 min ago; GMX: 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, 9 min ago	43.39 bp	56.9 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.1451%	1h	11.200	−0.867%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0118%	1h	11.274	−0.212%	$297K	$891K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0016%	1h	11.277	−0.185%	$5.4M	$9.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.263	−0.311%	$104K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.277	−0.186%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0042%	8h	11.222	−0.672%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.280	−0.158%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.271	−0.238%	$18K	$677K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.257	−0.359%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.280	−0.158%	$2.3M	$1.8M	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	11.263	−0.310%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.281	−0.149%	$120.6M	$520.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.282	−0.141%	$89.7M	$156.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.284	−0.123%	$20.3M	$145.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.279	−0.167%	$12.4M	$39.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.284	−0.123%	$51.4M	$93.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.284	−0.123%	$15.8M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.284	−0.123%	$34.4M	$59.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.283	−0.132%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.284	−0.123%	$361K	$569K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.253	−0.399%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.225	−0.645%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.278	−0.176%	$134K	$457K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.285	−0.114%	$205K	$303K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	11.298	long leg	$12K	$733K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.279	−0.167%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.277	−0.181%	$365K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.269	−0.256%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.276	−0.195%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.275	−0.201%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.268	−0.265%	$5.0M	$7.8M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.275	−0.198%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0269%	1h	11.286	−0.102%	$4.6M	$13.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.253	−0.397%	$918K	$8.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0416% / S −0.0267%	1h	11.278	−0.180%	$238K	—	120x
Hyperliquid AVAX	+0.0827%	1h	11.300	+0.019%	$43.7M	$55.2M	10x	as long as short