Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against SunX−0.243%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$374as in the Funding arb table

Net, price: spread back to 7d avg − costs−$377as in the Price arb table

costs, in and out, $10k−$3533.529% of the position

Long on SunX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.243% cheaper against SunX than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	10.744	0.0100	pay 0.0100% / 8h	2h 02m	$11K	$767K	20x
Short	dYdX AVAX-USD	10.718	0	get 0.0000% / 1h	2m 13s	$89K	$117K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.243%Rate

Funding earned: −$21
Price spread: −0.243% → 0.000%: −$24.33
Slippage, 4 orders: −$334.91
Fee SunX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$398.24
Costs to cover: 3.529%
Break-even: never at this rate

Slippage from SunX: live order book, 69 min ago; dYdX: live order book, 47 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, 69 min ago	41.87 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 47 min ago	92.37 bp	97.4 bp −$97	97.4 bp −$974	182.1 bp −$18.2K	548.2 bp −$274.1K

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	+0.149%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.728	−0.151%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0103%	1h	10.713	−0.284%	$287K	$340K	10x	as long as short
Variational Omni AVAX	−0.0030%	8h	10.729	−0.143%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USDshort	0.0000%	1h	10.718	−0.243%	$89K	$117K	10x
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.724	−0.186%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.722	−0.208%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0040%	8h	10.719	−0.233%	$12.6M	$33.3M	75x	as long as short
Bybit AVAXUSDT	+0.0085%	8h	10.724	−0.186%	$82.2M	$149.0M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.723	−0.200%	$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	10.721	−0.214%	$18K	$432K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.715	−0.272%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.731	−0.121%	$37.6M	$44.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.725	−0.180%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.720	−0.223%	$268K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.725	−0.174%	$114.4M	$432.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.724	−0.186%	$18.8M	$114.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.720	−0.223%	$45.5M	$81.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.718	−0.242%	$13.3M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.722	−0.205%	$32.5M	$49.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.720	−0.223%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.726	−0.168%	$428K	$589K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.721	−0.215%	$335K	$999K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.743	−0.009%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.722	−0.205%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.727	−0.158%	$231K	$351K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	10.744	long leg	$11K	$767K	20x
SoDEX AVAX-USD	+0.0100%	1h	10.724	−0.186%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.725	−0.181%	$343K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.727	−0.158%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.717	−0.253%	$615K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.718	−0.245%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.738	−0.056%	$934K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.727	−0.158%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.719	−0.237%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.721	−0.213%	$227K	—	120x	as long as short