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% APRpaid last 24h 0.000%

Price spread now: SunX against ApeX Omni+0.199%73s7-day average +0.242% · you sell dearer than you buy

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1871.871% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.199%, 7d avg +0.242%

Together, before fees+0.057%+$6 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: SunX is 0.044% cheaper against ApeX Omni than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.242%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	10.720	0.0100	pay 0.0013% / 1h	10m 16s	$173K	$662K	50x
Short	SunX AVAX-USDT	10.741	0.0100	get 0.0100% / 8h	10m 16s	$11K	$770K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against ApeX Omni. 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 ApeX OmnibpFee SunXbpOrdersPrice spread, now +0.199%Rate

Funding earned: $0
Price spread: +0.199% → +0.242%: −$4.36
Slippage, 4 orders: −$169.09
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$191.45
Costs to cover: 1.871%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 28 min ago; SunX: live order book, 42 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 ApeX Omni live order book, 28 min ago	6.56 bp	15.7 bp −$16	75.1 bp −$751	doesn't fit	doesn't fit
Sell SunX live order book, 42 min ago	41.88 bp	101.6 bp −$102	doesn't fit	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
Nado AVAX-PERP	−0.0196%	1h	10.715	−0.047%	$289K	$329K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.722	+0.020%	$3.8M	$11.6M	50x	as long as short
Variational Omni AVAX	−0.0076%	8h	10.702	−0.166%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.712	−0.078%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.725	+0.047%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.722	+0.016%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0010%	8h	10.720	0.000%	$13.2M	$30.9M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.373%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.707	−0.122%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.709	−0.099%	$1.2M	$2.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.714	−0.056%	$25K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.728	+0.075%	$36.8M	$41.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.719	−0.005%	$2.2M	$896K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.714	−0.056%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.720	+0.004%	$113.5M	$405.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.717	−0.028%	$81.8M	$139.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.719	−0.009%	$18.8M	$107.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.720	0.000%	$52.8M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.719	−0.009%	$13.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.720	0.000%	$32.6M	$46.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.719	−0.009%	—	$53.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.713	−0.065%	$437K	$546K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.715	−0.047%	$337K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	10.720	long leg	$173K	$662K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.722	+0.019%	$135K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.727	+0.065%	$232K	$254K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	10.741	+0.199%	$11K	$770K	20x
SoDEX AVAX-USD	+0.0100%	1h	10.721	+0.009%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.709	−0.103%	$326K	$859K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.711	−0.084%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.716	−0.034%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.715	−0.049%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.703	−0.159%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.711	−0.084%	$851K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.719	−0.008%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.721	+0.009%	$226K	—	120x	as long as short