Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Pacifica against SunX−0.307%7-day average −0.266% · you buy dearer than you sell

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1821.823% of the position

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.143%+$14 · spread now −0.307%, 7d avg −0.266%

Together, before fees+0.143%+ Points / potential airdropPacifica: Active · farm board+$14 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: Pacifica is 0.041% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.266%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	11.285	0.0100	pay 0.0100% / 8h	26m 55s	$12K	$734K	20x
Short	Pacifica AVAX	11.250	0.0100	get 0.0013% / 1h	26m 55s	$299K	$118K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.307%Rate

Funding earned: $0
Price spread: −0.307% → −0.266%: −$4.07
Slippage, 4 orders: −$166.26
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$186.33
Costs to cover: 1.823%
Break-even: never at this rate

Slippage from SunX: live order book, 35 min ago; Pacifica: live order book, 51 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, 35 min ago	43.39 bp	56.9 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 51 min ago	6.22 bp	12.1 bp −$12	22.1 bp −$221	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
Injective AVAX/USDC PERP	−0.1451%	1h	11.190	−0.841%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0099%	1h	11.245	−0.349%	$297K	$878K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0016%	1h	11.255	−0.265%	$5.3M	$8.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.248	−0.331%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.257	−0.247%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0080%	8h	11.235	−0.440%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.259	−0.232%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.252	−0.292%	$18K	$671K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.250	−0.307%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.259	−0.226%	$2.3M	$1.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAXshort	+0.0100%	1h	11.250	−0.307%	$299K	$118K	10x
Binance AVAXUSDT	+0.0100%	8h	11.252	−0.287%	$120.4M	$512.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.253	−0.283%	$89.6M	$155.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.251	−0.300%	$20.3M	$144.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.255	−0.265%	$12.5M	$40.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.257	−0.247%	$51.4M	$93.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.264	−0.185%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.252	−0.292%	$34.3M	$58.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.252	−0.292%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.261	−0.212%	$360K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.239	−0.407%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.243	−0.371%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.254	−0.274%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.266	−0.167%	$205K	$303K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	11.285	long leg	$12K	$734K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.256	−0.256%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.255	−0.269%	$364K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.257	−0.247%	$30.3M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.252	−0.287%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.251	−0.296%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.255	−0.265%	$5.0M	$7.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.252	−0.294%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.262	−0.205%	$4.6M	$13.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.259	−0.230%	$915K	$7.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0425% / S −0.0281%	1h	11.257	−0.245%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0812%	1h	11.271	−0.123%	$43.8M	$55.1M	10x	as long as short