Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: SunX against OKX+0.256%7-day average +0.306% · you sell dearer than you buy

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1761.762% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$9 on $10k

Price spread, last 3 days (all we have)−0.107%−$11 · spread now +0.256%, 7d avg +0.306%

Together, before fees−0.013%−$1 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 0.049% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.306%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AVAX-USDT-SWAP	11.238	0.0100	pay 0.0100% / 8h	38m 11s	$20.2M	$144.4M	50x
Short	SunX AVAX-USDT	11.267	0.0100	get 0.0100% / 8h	38m 11s	$12K	$733K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now +0.256%Rate

Funding earned: $0
Price spread: +0.256% → +0.306%: −$4.93
Slippage, 4 orders: −$158.18
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$181.11
Costs to cover: 1.762%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; SunX: live order book, 24 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 OKX live order book, 6 min ago	0.44 bp	8.7 bp −$9	18.2 bp −$182	65.7 bp −$6,569	doesn't fit
Sell SunX live order book, 24 min ago	43.39 bp	102.5 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	−0.1451%	1h	11.190	−0.427%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.234	−0.036%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0088%	1h	11.236	−0.018%	$296K	$884K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.240	+0.019%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.237	−0.007%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0065%	8h	11.239	+0.010%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.237	−0.008%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.236	−0.018%	$18K	$673K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.236	−0.014%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.239	+0.008%	$2.3M	$1.8M	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	11.241	+0.025%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.236	−0.017%	$120.2M	$515.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.238	0.000%	$89.4M	$155.3M	75x	as long as short
OKX AVAX-USDT-SWAPlong	+0.0100%	8h	11.238	long leg	$20.2M	$144.4M	50x
Gate AVAX_USDT	+0.0100%	8h	11.234	−0.036%	$12.5M	$40.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.237	−0.009%	$52.1M	$93.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.242	+0.036%	$15.8M	$24.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.238	0.000%	$34.3M	$58.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.240	+0.018%	—	$86.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.242	+0.036%	$359K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.242	+0.037%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.242	+0.036%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.239	+0.009%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.244	+0.053%	$204K	$303K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.267	+0.256%	$12K	$733K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.235	−0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.238	−0.004%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.236	−0.018%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.233	−0.048%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.233	−0.044%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.234	−0.036%	$5.0M	$7.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.233	−0.041%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.241	+0.022%	$4.6M	$13.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.254	+0.142%	$917K	$7.9M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0421% / S −0.0275%	1h	11.236	−0.019%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0821%	1h	11.260	+0.196%	$43.7M	$55.0M	10x	as long as short