Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0206%/8h= +22.6% APRpaid last 24h +0.183%

Price spread now: SunX against Deribit+0.304%7-day average +0.295% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1691.691% of the position

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.643%+$64 on $10k

Price spread, last 3 days (all we have)−0.031%−$3 · spread now +0.304%, 7d avg +0.295%

Together, before fees+0.612%+$61 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.295%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.221	−0.0106	get 0.0013% / 1h	45m 18s	$5.3M	$9.3M	25x
Short	SunX AVAX-USDT	11.255	0.0100	get 0.0100% / 8h	1h 45m	$12K	$728K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Deribit. 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 DeribitbpFee SunXbpOrdersPrice spread, now +0.304%Rate

Funding earned: $43.33
Price spread: +0.304% → +0.295%: $0.91
Slippage, 4 orders: −$154.05
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$124.81
Costs to cover: 1.691%
Break-even: 27.2 days

Slippage from Deribit: live order book, 4 min ago; SunX: live order book, 26 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 Deribit live order book, 4 min ago	2.23 bp	7.1 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 26 min ago	41.86 bp	100.8 bp −$101	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
Injective AVAX/USDC PERP	−0.0570%	1h	11.160	−0.544%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0106%	1h	11.221	long leg	$5.3M	$9.3M	25x
Variational Omni AVAX	−0.0033%	8h	11.187	−0.299%	$2.9M	$2.4M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.229	+0.070%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.226	+0.046%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0027%	1h	11.229	+0.071%	$296K	$912K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.229	+0.068%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.228	+0.062%	$15K	$696K	50x	as long as short
Gate AVAX_USDT	+0.0097%	8h	11.225	+0.036%	$12.5M	$39.9M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.233	+0.109%	$13K	$766	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.223	+0.015%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.232	+0.100%	$298K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.227	+0.050%	$120.2M	$528.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.223	+0.018%	$87.9M	$157.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.223	+0.018%	$20.2M	$146.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.228	+0.062%	$52.2M	$99.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.231	+0.089%	$16.1M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.221	0.000%	$33.9M	$60.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.227	+0.053%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.209	−0.107%	$357K	$579K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.201	−0.178%	$354K	$885K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.206	−0.134%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.228	+0.062%	$133K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.233	+0.107%	$202K	$301K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.255	+0.304%	$12K	$728K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.199	−0.196%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.197	−0.209%	$361K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.201	−0.178%	$30.1M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.228	+0.061%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.223	+0.013%	$258K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.207	−0.125%	$903K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.193	−0.250%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.222	+0.010%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.225	+0.033%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0507%	1h	11.243	+0.199%	$43.5M	$57.9M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0631%	1h	11.205	−0.143%	$4.6M	$13.6M	50x	as long as short