Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against SunX−0.202%73s7-day average −0.241% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1861.858% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.202%, 7d avg −0.241%

Together, before fees−0.021%−$2 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: ApeX Omni is 0.038% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.241%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	10.734	0.0100	pay 0.0100% / 8h	1h 27m	$11K	$765K	20x
Short	ApeX Omni AVAXUSDT	10.712	0.0100	get 0.0013% / 1h	27m 59s	$173K	$662K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.202%Rate

Funding earned: $0
Price spread: −0.202% → −0.241%: $3.85
Slippage, 4 orders: −$167.84
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$181.99
Costs to cover: 1.858%
Break-even: never at this rate

Slippage from SunX: live order book, 34 min ago; ApeX Omni: live order book, 15 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 SunX live order book, 34 min ago	41.92 bp	55.3 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 15 min ago	6.54 bp	14.5 bp −$15	69.7 bp −$697	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	−0.0181%	1h	10.699	−0.319%	$285K	$339K	10x	as long as short
Variational Omni AVAX	−0.0048%	8h	10.697	−0.345%	$2.8M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0030%	1h	10.705	−0.267%	$4.8M	$7.1M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.706	−0.262%	$89K	$117K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.708	−0.243%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0029%	8h	10.706	−0.258%	$12.8M	$32.2M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.245%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0088%	8h	10.702	−0.300%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.709	−0.230%	$81.2M	$146.3M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.705	−0.271%	$1.2M	$2.5M	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	10.701	−0.305%	$20K	$426K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.716	−0.165%	$37.4M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.709	−0.234%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.710	−0.225%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.713	−0.193%	$113.8M	$424.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.718	−0.146%	$18.8M	$112.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.706	−0.258%	$45.5M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.708	−0.239%	$13.6M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.722	−0.109%	$32.5M	$48.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.707	−0.249%	—	$54.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.711	−0.211%	$436K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.700	−0.311%	$341K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	10.712	−0.202%	$173K	$662K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.704	−0.277%	$136K	$352K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.710	−0.221%	$230K	$346K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	10.734	long leg	$11K	$765K	20x
SoDEX AVAX-USD	+0.0100%	1h	10.705	−0.267%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.697	−0.346%	$336K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.704	−0.277%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.699	−0.319%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.700	−0.317%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.710	−0.225%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.712	−0.202%	$854K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.707	−0.249%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.699	−0.320%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.709	−0.234%	$226K	—	120x	as long as short