Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.015%

Price spread now: SunX against Extended+0.092%7-day average +0.331% · you sell dearer than you buy

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1691.694% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now +0.092%, 7d avg +0.331%

Together, before fees+0.237%+ Points / potential airdropExtended: Active · farm board+$24 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 0.239% cheaper against Extended than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.331%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AVAX-USD	10.743	0.0104	pay 0.0013% / 1h	5m 48s	$615K	$1.5M	25x
Short	SunX AVAX-USDT	10.753	0.0100	get 0.0100% / 8h	2h 05m	$12K	$767K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$0.84
Price spread: +0.092% → +0.331%: −$23.87
Slippage, 4 orders: −$156.45
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$194.16
Costs to cover: 1.694%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; SunX: live order book, 66 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 Extended live order book, 3 min ago	0.93 bp	5.2 bp −$5	7.1 bp −$71	doesn't fit	doesn't fit
Sell SunX live order book, 66 min ago	41.87 bp	102.8 bp −$103	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	−0.1423%	1h	10.760	+0.158%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.738	−0.047%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0093%	1h	10.720	−0.219%	$285K	$340K	10x	as long as short
Variational Omni AVAX	−0.0030%	8h	10.729	−0.134%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.726	−0.162%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.736	−0.065%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.734	−0.081%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0041%	8h	10.745	+0.019%	$12.5M	$33.1M	75x	as long as short
Bybit AVAXUSDT	+0.0080%	8h	10.751	+0.075%	$80.7M	$147.7M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.733	−0.095%	$1.2M	$2.6M	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	10.724	−0.177%	$19K	$431K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.721	−0.207%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.762	+0.177%	$37.7M	$44.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.751	+0.071%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.726	−0.158%	$269K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.756	+0.120%	$114.7M	$434.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.749	+0.056%	$18.9M	$114.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.757	+0.130%	$45.8M	$81.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.748	+0.047%	$13.2M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.752	+0.084%	$32.6M	$49.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.755	+0.112%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.752	+0.084%	$429K	$589K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.738	−0.048%	$346K	$988K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.742	−0.009%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.731	−0.112%	$136K	$356K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.740	−0.028%	$218K	$338K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	10.753	+0.092%	$12K	$767K	20x
SoDEX AVAX-USD	+0.0100%	1h	10.733	−0.093%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.731	−0.113%	$344K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.727	−0.149%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	10.743	long leg	$615K	$1.5M	25x
Aevo AVAX-PERP	+0.0104%	1h	10.736	−0.062%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.724	−0.177%	$934K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.719	−0.223%	$4.6M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.727	−0.153%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.734	−0.081%	$227K	—	120x	as long as short