Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against SunX−0.282%7-day average −0.266% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1801.800% of the position

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.091%+$9 · spread now −0.282%, 7d avg −0.266%

Together, before fees+0.091%+ Points / potential airdropPacifica: Active · farm board+$9 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	11.156	0.0100	pay 0.0100% / 8h	7h 42m	$12K	$730K	20x
Short	Pacifica AVAX	11.125	0.0100	get 0.0013% / 1h	42m 20s	$295K	$117K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.282%Rate

Funding earned: $0
Price spread: −0.282% → −0.266%: −$1.57
Slippage, 4 orders: −$164.02
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$181.59
Costs to cover: 1.800%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Pacifica: live order book, 31 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, 9 min ago	41.89 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 31 min ago	4.90 bp	13.7 bp −$14	22.9 bp −$229	doesn't fit	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	−0.1363%	1h	11.090	−0.593%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0289%	1h	11.122	−0.307%	$5.3M	$8.7M	25x	as long as short
Gate AVAX_USDT	−0.0047%	8h	11.125	−0.280%	$12.2M	$38.1M	75x	as long as short
Nado AVAX-PERP	−0.0033%	1h	11.119	−0.329%	$292K	$853K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.126	−0.274%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.127	−0.262%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.121	−0.314%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.127	−0.262%	$18K	$644K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.125	−0.284%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.129	−0.240%	$2.3M	$1.6M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAXshort	+0.0100%	1h	11.125	−0.282%	$295K	$117K	10x
Binance AVAXUSDT	+0.0100%	8h	11.128	−0.253%	$118.4M	$497.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.125	−0.280%	$88.5M	$151.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.124	−0.289%	$20.0M	$137.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.129	−0.244%	$48.7M	$88.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.130	−0.235%	$15.4M	$23.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.127	−0.262%	$33.7M	$56.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.125	−0.280%	—	$85.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.122	−0.307%	$356K	$563K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.125	−0.282%	$2.9M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.140	−0.145%	$359K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.144	−0.109%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.128	−0.253%	$131K	$386K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.132	−0.217%	$196K	$313K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	11.156	long leg	$12K	$730K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.128	−0.253%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.105	−0.463%	$359K	$965K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.123	−0.298%	$29.9M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.122	−0.309%	$666K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.121	−0.312%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.133	−0.211%	$4.3M	$12.9M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.124	−0.289%	$5.0M	$6.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.124	−0.286%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.143	−0.118%	$905K	$7.2M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.127	−0.263%	$248K	—	120x	as long as short
Hyperliquid AVAX	+0.0654%	1h	11.142	−0.127%	$43.5M	$53.7M	10x	as long as short