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 −0.018%

Price spread now: OKX against SunX−0.100%47s7-day average −0.301% · you buy dearer than you sell

Net, funding: paid 7d − costs−$183as 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−$1741.736% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.074%−$7 · spread now −0.100%, 7d avg −0.301%

Together, before fees−0.169%−$17 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: OKX is 0.201% dearer against SunX than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.301%. The two prices were read 47 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	OKX AVAX-USDT-SWAP	10.723	0.0100	get 0.0100% / 8h	1h 27m	$18.8M	$112.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → −0.301%: $20.15
Slippage, 4 orders: −$155.6
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$153.45
Costs to cover: 1.736%
Break-even: never at this rate

Slippage from SunX: live order book, 34 min ago; OKX: live order book, 1 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 OKX live order book, 1 min ago	0.47 bp	8.6 bp −$9	17.7 bp −$177	54.0 bp −$5,398	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	−0.0186%	1h	10.726	−0.076%	$286K	$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	10.725	−0.084%	$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	+0.0028%	8h	10.722	−0.109%	$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	10.722	−0.110%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.726	−0.072%	$81.3M	$146.3M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.724	−0.088%	$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	10.725	−0.081%	$20K	$427K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.734	+0.003%	$37.4M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.725	−0.077%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.725	−0.081%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.728	−0.053%	$114.2M	$424.2M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	10.723	−0.100%	$18.8M	$112.4M	50x
MEXC AVAX_USDT	+0.0100%	8h	10.725	−0.081%	$45.6M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.725	−0.081%	$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	10.722	−0.109%	—	$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 AVAXUSDT	+0.0100%	1h	10.715	−0.174%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.728	−0.053%	$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	10.718	−0.147%	$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