Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: SunX against dYdX+0.230%7-day average +0.278% · you sell dearer than you buy

Net, funding: paid 7d − costs−$418as in the Funding arb table

Net, price: spread back to 7d avg − costs−$443as in the Price arb table

costs, in and out, $10k−$4394.387% of the position

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 4 days (all we have)−0.435%−$43 · spread now +0.230%, 7d avg +0.278%

Together, before fees−0.225%−$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.048% cheaper against dYdX than usual: you would sell low and buy high (spread +0.230% now, against its 7-day average of +0.278%). If the spread goes back, that is −$5 on $10k: about 38 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	11.165	0	get 0.0000% / 1h	28m 15s	$103K	$87K	10x
Short	SunX AVAX-USDT	11.191	0.0100	get 0.0100% / 8h	5h 28m	$12K	$701K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against dYdX. 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 dYdXbpFee SunXbpOrdersPrice spread, now +0.230%Rate

Funding earned: $21
Price spread: +0.230% → +0.278%: −$4.76
Slippage, 4 orders: −$420.73
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$422.49
Costs to cover: 4.387%
Break-even: 147.8 days

Slippage from dYdX: live order book, 36 min ago; SunX: live order book, 3 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 dYdX live order book, 36 min ago	135.84 bp	140.8 bp −$141	140.8 bp −$1,408	142.0 bp −$14.2K	155.3 bp −$77.7K
Sell SunX live order book, 3 min ago	41.87 bp	101.7 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
Injective AVAX/USDC PERP	−0.1374%	1h	11.120	−0.403%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0080%	1h	11.164	−0.009%	$287K	$448K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.160	−0.045%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.165	long leg	$103K	$87K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.165	−0.001%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.165	−0.003%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.161	−0.036%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.164	−0.009%	$16K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.165	−0.002%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.165	+0.001%	$2.3M	$1.2M	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	11.169	+0.039%	$291K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.167	+0.015%	$119.3M	$432.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.167	+0.018%	$88.8M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.166	+0.009%	$20.1M	$117.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.162	−0.027%	$12.2M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.166	+0.009%	$48.0M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.164	−0.009%	$15.7M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.165	0.000%	$33.5M	$48.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.167	+0.018%	—	$81.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.168	+0.027%	$357K	$496K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.168	+0.029%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.174	+0.077%	$358K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.179	+0.125%	$180K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.168	+0.027%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.170	+0.045%	$196K	$313K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.191	+0.230%	$12K	$701K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.161	−0.036%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.180	+0.130%	$366K	$870K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.160	−0.045%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.157	−0.068%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.158	−0.063%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.162	−0.027%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.182	+0.152%	$899K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.163	−0.016%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.165	−0.001%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0501%	1h	11.183	+0.161%	$43.5M	$43.1M	10x	as long as short