Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.025%

Price spread now: SunX against Coinbase International+0.027%7-day average +0.207% · you sell dearer than you buy

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$200as in the Price arb table

costs, in and out, $10k−$1821.817% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$14 on $10k

Price spread, last 4 days (all we have)+0.219%+$22 · spread now +0.027%, 7d avg +0.207%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.180% cheaper against Coinbase International than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.207%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	10.764	0.0200	pay 0.0025% / 1h	21m 38s	$858K	$5.1M	50x
Short	SunX AVAX-USDT	10.767	0.0100	get 0.0100% / 8h	1h 21m	$11K	$765K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Coinbase International. 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 Coinbase InternationalbpFee SunXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$21
Price spread: +0.027% → +0.207%: −$17.97
Slippage, 4 orders: −$163.71
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$220.68
Costs to cover: 1.817%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; SunX: live order book, 40 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 Coinbase International live order book, 2 min ago	5.57 bp	12.2 bp −$12	16.9 bp −$169	doesn't fit	doesn't fit
Sell SunX live order book, 40 min ago	41.92 bp	101.8 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	−0.0194%	1h	10.736	−0.260%	$282K	$341K	10x	as long as short
Variational Omni AVAX	−0.0050%	8h	10.738	−0.245%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.749	−0.143%	$92K	$119K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.740	−0.223%	$4.8M	$7.1M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.745	−0.181%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0029%	8h	10.745	−0.177%	$12.9M	$32.3M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.037%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.744	−0.183%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.734	−0.279%	$81.7M	$146.0M	75x	as long as short
SoDEX AVAX-USD	+0.0094%	1h	10.737	−0.251%	$18K	$72K	10x	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	10.745	−0.177%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.737	−0.251%	$25K	$439K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.750	−0.132%	$37.4M	$43.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.740	−0.223%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.750	−0.130%	$270K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.738	−0.238%	$114.3M	$423.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.734	−0.279%	$18.9M	$112.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.743	−0.195%	$45.5M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.749	−0.139%	$13.6M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.746	−0.167%	$32.5M	$48.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.738	−0.242%	—	$54.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.738	−0.242%	$437K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.744	−0.185%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.747	−0.158%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.741	−0.214%	$136K	$352K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.745	−0.177%	$231K	$275K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	10.767	+0.027%	$11K	$765K	20x
HTX AVAX-USDT	+0.0100%	8h	10.743	−0.190%	$338K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.742	−0.204%	$28.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.733	−0.284%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.742	−0.209%	$247K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.743	−0.198%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0200%	1h	10.764	long leg	$858K	$5.1M	50x
BloFin AVAX-USDT	+0.0220%	8h	10.735	−0.269%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.734	−0.276%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.742	−0.208%	$227K	—	120x	as long as short