Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: Bitget against SunX−0.455%50s7-day average −0.304% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as 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−$1741.742% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 3 days (all we have)+0.258%+$26 · spread now −0.455%, 7d avg −0.304%

Together, before fees+0.203%+$20 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: Bitget is 0.152% cheaper against SunX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.304%. The two prices were read 50 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	11.134	0.0100	pay 0.0100% / 8h	6h 20m	$12K	$714K	20x
Short	Bitget AVAXUSDT	11.083	0.0100	get 0.0100% / 8h	6h 20m	$33.3M	$50.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.455%Rate

Funding earned: $0
Price spread: −0.455% → −0.304%: −$15.17
Slippage, 4 orders: −$154.18
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$189.36
Costs to cover: 1.742%
Break-even: never at this rate

Slippage from SunX: live order book, 21 min ago; Bitget: 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 SunX live order book, 21 min ago	41.89 bp	55.3 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.45 bp	8.2 bp −$8	16.0 bp −$160	34.6 bp −$3,458	doesn't fit

AVAX on 35 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	11.080	−0.482%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.096	−0.339%	$5.2M	$8.2M	25x	as long as short
Nado AVAX-PERP	−0.0043%	1h	11.085	−0.437%	$285K	$500K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.092	−0.375%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.100	−0.302%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0047%	8h	11.090	−0.393%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.088	−0.414%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.087	−0.419%	$15K	$581K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.088	−0.409%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.094	−0.353%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.091	−0.387%	$294K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.087	−0.422%	$118.2M	$455.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.086	−0.428%	$88.3M	$142.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.086	−0.428%	$19.9M	$122.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.087	−0.419%	$48.6M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.095	−0.348%	$15.5M	$22.5M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	11.083	−0.455%	$33.3M	$50.8M	75x
BingX AVAX-USDC	+0.0100%	8h	11.086	−0.428%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.096	−0.339%	$355K	$533K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.095	−0.344%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.112	−0.195%	$355K	$810K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.116	−0.159%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.090	−0.393%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.103	−0.276%	$195K	$313K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	11.134	long leg	$12K	$714K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.098	−0.321%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.098	−0.325%	$360K	$871K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.098	−0.321%	$29.6M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.084	−0.446%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.092	−0.373%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.085	−0.436%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.101	−0.295%	$4.3M	$11.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.121	−0.114%	$904K	$5.8M	50x	as long as short
Hyperliquid AVAX	+0.0390%	1h	11.101	−0.294%	$43.1M	$45.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.099	−0.314%	$236K	—	120x	as long as short