Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: SunX against Aevo+0.208%7-day average +0.292% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,056as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,065as in the Price arb table

costs, in and out, $10k−$1,05610.562% of the position

Long on Aevo Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.208%, 7d avg +0.292%

Together, before fees+0.065%+$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: SunX is 0.084% cheaper against Aevo than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.292%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	10.686	0.0104	pay 0.0013% / 1h	59m 26s	$245K	—	3x
Short	SunX AVAX-USDT	10.708	0.0100	get 0.0100% / 8h	59m 26s	$11K	$769K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aevo. 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 AevobpFee SunXbpOrdersPrice spread, now +0.208%Rate

Funding earned: −$0.84
Price spread: +0.208% → +0.292%: −$8.35
Slippage, 4 orders: −$1,032.24
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$1,065.43
Costs to cover: 10.562%
Break-even: never at this rate

Slippage from Aevo: live order book, 45 min ago; SunX: live order book, 62 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 Aevo live order book, 45 min ago	205.90 bp	438.3 bp −$438	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 62 min ago	41.92 bp	101.8 bp −$102	doesn't fit	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
Nado AVAX-PERP	−0.0435%	1h	10.684	−0.011%	$281K	$335K	10x	as long as short
Variational Omni AVAX	−0.0067%	8h	10.666	−0.188%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.687	+0.016%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.694	+0.077%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.688	+0.023%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0012%	8h	10.686	+0.003%	$12.9M	$30.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.695%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0077%	1h	10.691	+0.049%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0083%	8h	10.687	+0.009%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0084%	8h	10.681	−0.044%	$81.5M	$143.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.682	−0.035%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.688	+0.021%	$25K	$472K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.694	+0.077%	$37.2M	$43.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.692	+0.055%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.689	+0.030%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.686	+0.003%	$113.0M	$418.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.682	−0.035%	$18.8M	$110.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.689	+0.031%	$45.7M	$78.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.684	−0.016%	$13.6M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.687	+0.012%	$32.4M	$48.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.683	−0.026%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.693	+0.068%	$436K	$558K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.669	−0.158%	$339K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.675	−0.100%	$172K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.688	+0.021%	$134K	$347K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.694	+0.077%	$231K	$255K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	10.708	+0.208%	$11K	$769K	20x
HTX AVAX-USDT	+0.0100%	8h	10.691	+0.045%	$325K	$882K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.693	+0.068%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.682	−0.039%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	10.686	long leg	$245K	—	3x
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.691	+0.050%	$3.8M	$12.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.677	−0.082%	$849K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.671	−0.138%	$4.6M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.680	−0.051%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.687	+0.015%	$225K	—	120x	as long as short