Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: OKX against SunX−0.317%7-day average −0.304% · you buy dearer than you sell

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1741.735% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$9 on $10k

Price spread, last 4 days (all we have)+0.503%+$50 · spread now −0.317%, 7d avg −0.304%

Together, before fees+0.408%+$41 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	11.142	0.0100	pay 0.0100% / 8h	5h 39m	$12K	$701K	20x
Short	OKX AVAX-USDT-SWAP	11.107	0.0100	get 0.0100% / 8h	5h 39m	$20.0M	$117.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.317%Rate

Funding earned: $0
Price spread: −0.317% → −0.304%: −$1.25
Slippage, 4 orders: −$155.53
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$174.79
Costs to cover: 1.735%
Break-even: never at this rate

Slippage from SunX: live order book, 62 min ago; OKX: live order book, 5 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, 62 min ago	41.89 bp	55.3 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.45 bp	8.5 bp −$8	17.6 bp −$176	54.0 bp −$5,399	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
Injective AVAX/USDC PERP	−0.1374%	1h	11.100	−0.380%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0200%	1h	11.103	−0.353%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0061%	1h	11.116	−0.236%	$286K	$448K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.126	−0.147%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.108	−0.307%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0046%	1h	11.110	−0.293%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.105	−0.335%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.111	−0.281%	$15K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.118	−0.218%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.114	−0.254%	$2.3M	$1.2M	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	11.123	−0.169%	$290K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.107	−0.317%	$118.6M	$434.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.109	−0.299%	$88.3M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	11.107	−0.317%	$20.0M	$117.5M	50x
Gate AVAX_USDT	+0.0100%	8h	11.114	−0.254%	$12.1M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.111	−0.281%	$47.9M	$79.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.115	−0.245%	$15.5M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.106	−0.326%	$33.3M	$48.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.110	−0.290%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.131	−0.101%	$356K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.132	−0.089%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.141	−0.011%	$357K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.145	+0.024%	$179K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.112	−0.272%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.112	−0.272%	$195K	$313K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	11.142	long leg	$12K	$701K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.106	−0.326%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.104	−0.339%	$363K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.107	−0.317%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.103	−0.357%	$671K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.096	−0.416%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.104	−0.344%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.134	−0.074%	$900K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.108	−0.311%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.108	−0.309%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0452%	1h	11.127	−0.135%	$43.3M	$43.0M	10x	as long as short