Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: MEXC against SunX−0.236%7-day average −0.269% · you buy dearer than you sell

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1591.589% of the position

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.236%, 7d avg −0.269%

Together, before fees−0.021%−$2 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: MEXC is 0.032% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.269%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	10.784	0.0100	pay 0.0100% / 8h	7h 57m	$12K	$769K	20x
Short	MEXC AVAX_USDT	10.759	0.0100	get 0.0100% / 8h	7h 57m	$53.2M	$78.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.236%Rate

Funding earned: $0
Price spread: −0.236% → −0.269%: $3.22
Slippage, 4 orders: −$150.85
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$155.64
Costs to cover: 1.589%
Break-even: never at this rate

Slippage from SunX: live order book, 54 min ago; MEXC: live order book, 1 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	41.88 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.47 bp	0.5 bp $0	4.4 bp −$44	34.6 bp −$3,460	92.5 bp −$46.3K

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
Phemex AVAXUSDT	−0.2590%	8h	10.752	−0.301%	$28.7M	$5.7M	50x	as long as short
Nado AVAX-PERP	−0.0545%	1h	10.760	−0.227%	$291K	$326K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0266%	1h	10.761	−0.219%	$3.8M	$11.6M	50x	as long as short
Variational Omni AVAX	−0.0078%	8h	10.706	−0.727%	$2.9M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0014%	8h	10.753	−0.292%	$13.4M	$28.4M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.764	−0.191%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.758	−0.246%	$4.8M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.765	−0.177%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.227%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	10.764	−0.186%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.753	−0.288%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.759	−0.236%	$25K	$465K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.764	−0.190%	$36.9M	$40.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.757	−0.259%	$2.2M	$881K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.762	−0.211%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.756	−0.264%	$113.8M	$401.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.758	−0.246%	$82.3M	$139.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.757	−0.255%	$18.9M	$107.4M	50x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	10.759	−0.236%	$53.2M	$78.6M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.755	−0.274%	$13.8M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.755	−0.274%	$32.8M	$45.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.756	−0.264%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.758	−0.246%	$438K	$547K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.708	−0.706%	$336K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.713	−0.663%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.764	−0.190%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.767	−0.162%	$233K	$254K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	10.784	long leg	$12K	$769K	20x
SoDEX AVAX-USD	+0.0100%	1h	10.754	−0.283%	$18K	$68K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.760	−0.223%	$328K	$854K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.753	−0.294%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.754	−0.279%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.770	−0.134%	$969K	$4.9M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.723	−0.570%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.753	−0.296%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.765	−0.181%	$227K	—	120x	as long as short