Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Binance against SunX−0.143%56s7-day average −0.270% · you buy dearer than you sell

Net, funding: paid 7d − costs−$246as 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−$2402.403% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.143%, 7d avg −0.270%

Together, before fees+0.061%+$6 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: Binance is 0.127% dearer against SunX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.270%. The two prices were read 56 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	10.905	0.0100	pay 0.0100% / 8h	5h 55m	$12K	$772K	20x
Short	Binance AVAXUSDT	10.889	0.0100	get 0.0100% / 8h	5h 55m	$115.1M	$373.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.143%Rate

Funding earned: $0
Price spread: −0.143% → −0.270%: $12.72
Slippage, 4 orders: −$222.25
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$227.53
Costs to cover: 2.403%
Break-even: never at this rate

Slippage from SunX: live order book, 49 min ago; Binance: live order book, 11 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, 49 min ago	76.83 bp	90.3 bp −$90	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.46 bp	6.9 bp −$7	11.2 bp −$112	42.4 bp −$4,238	135.6 bp −$67.8K

AVAX on 36 exchanges

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
Variational Omni AVAX	−0.0140%	8h	10.876	−0.266%	$3.1M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0105%	1h	10.883	−0.199%	$19K	$68K	10x	as long as short
Gate AVAX_USDT	−0.0101%	8h	10.886	−0.171%	$14.6M	$26.6M	75x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.886	−0.173%	$3.8M	$10.9M	50x	as long as short
Bybit AVAXUSDT	−0.0038%	8h	10.885	−0.181%	$84.9M	$132.2M	75x	as long as short
Phemex AVAXUSDT	−0.0034%	8h	10.880	−0.227%	$29.0M	$5.6M	50x	as long as short
Nado AVAX-PERP	−0.0016%	1h	10.886	−0.167%	$277K	$300K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.893	−0.105%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.884	−0.190%	$5.0M	$6.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.892	−0.114%	$23K	—	150x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.327%	$17K	$151K	12x	as long as short
Lighter AVAX	+0.0096%	1h	10.890	−0.130%	$1.2M	$1.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.890	−0.135%	$23K	$438K	50x	as long as short
OKX AVAX-USDT-SWAP	+0.0098%	8h	10.886	−0.171%	$19.4M	$102.9M	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.887	−0.160%	$12K	$62	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.888	−0.150%	$2.2M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.893	−0.111%	$274K	$122K	10x	as long as short
Binance AVAXUSDTshort	+0.0100%	8h	10.889	−0.143%	$115.1M	$373.6M	75x
MEXC AVAX_USDT	+0.0100%	8h	10.888	−0.153%	$53.3M	$69.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.891	−0.126%	$14.3M	$18.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.889	−0.144%	$33.1M	$43.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.887	−0.162%	—	$52.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.887	−0.162%	$440K	$524K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.890	−0.135%	$342K	$1.5M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.913	+0.076%	$175K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.889	−0.144%	$137K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.897	−0.071%	$236K	$217K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	10.905	long leg	$12K	$772K	20x
HTX AVAX-USDT	+0.0100%	8h	10.887	−0.160%	$327K	$948K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.884	−0.186%	$618K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.884	−0.186%	$250K	—	3x	as long as short
Hyperliquid AVAX	+0.0106%	1h	10.905	+0.003%	$36.2M	$38.1M	10x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.924	+0.177%	$863K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.887	−0.162%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.884	−0.186%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.886	−0.175%	$230K	—	120x	as long as short