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 −0.026%

Price spread now: Orderly against SunX−0.263%7-day average −0.229% · you buy dearer than you sell

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

Long on SunX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.263%, 7d avg −0.229%

Together, before fees−0.019%−$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: Orderly is 0.034% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.229%.

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	4h 51m	$12K	$703K	20x
Short	Orderly PERP_AVAX_USDC	11.113	0.0100	get 0.0100% / 8h	4h 51m	$195K	$310K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpOrdersPrice spread, now −0.263%Rate

Funding earned: $0
Price spread: −0.263% → −0.229%: −$3.38
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$17.38
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 40 min ago; Orderly: 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, 40 min ago	41.87 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.1423%	1h	11.090	−0.469%	$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
ApeX Omni AVAXUSDT	−0.0082%	1h	11.122	−0.182%	$179K	$673K	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.118	−0.218%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.107	−0.316%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0007%	1h	11.103	−0.348%	$286K	$395K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.107	−0.317%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.109	−0.299%	$16K	$583K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.113	−0.263%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.112	−0.274%	$2.3M	$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	11.119	−0.210%	$290K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.106	−0.326%	$118.2M	$427.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.103	−0.353%	$88.4M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.105	−0.335%	$20.3M	$116.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.105	−0.335%	$12.1M	$33.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.109	−0.299%	$48.4M	$77.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.111	−0.281%	$15.8M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.103	−0.353%	$33.3M	$48.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.106	−0.326%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.107	−0.317%	$336K	$524K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.148	+0.048%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.117	−0.223%	$355K	$835K	10x	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_USDCshort	+0.0100%	8h	11.113	−0.263%	$195K	$310K	20x
SunX AVAX-USDTlong	+0.0100%	8h	11.142	long leg	$12K	$703K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.107	−0.317%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.107	−0.312%	$365K	$829K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.109	−0.299%	$29.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.101	−0.375%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.103	−0.353%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.109	−0.296%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.125	−0.155%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.140	−0.021%	$893K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.108	−0.306%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.107	−0.317%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0716%	1h	11.123	−0.173%	$43.4M	$42.2M	10x	as long as short