Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.022%

Price spread now: SunX against Backpack+0.269%7-day average +0.250% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1721.725% of the position

Long on Backpack Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 3 days (all we have)−0.213%−$21 · spread now +0.269%, 7d avg +0.250%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVAX_USDC_PERP	11.298	0.0100	pay 0.0013% / 1h	12m 00s	$338K	$566K	15x
Short	SunX AVAX-USDT	11.328	0.0100	get 0.0100% / 8h	2h 12m	$12K	$721K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Backpack. 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 BackpackbpFee SunXbpOrdersPrice spread, now +0.269%Rate

Funding earned: $0
Price spread: +0.269% → +0.250%: $1.89
Slippage, 4 orders: −$154.47
Fee Backpack: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$170.58
Costs to cover: 1.725%
Break-even: never at this rate

Slippage from Backpack: live order book, 12 min ago; SunX: live order book, 69 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 Backpack live order book, 12 min ago	0.44 bp	10.3 bp −$10	35.3 bp −$353	doesn't fit	doesn't fit
Sell SunX live order book, 69 min ago	41.89 bp	101.3 bp −$101	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
Deribit AVAX_USDC-PERPETUAL	−0.0192%	1h	11.297	−0.009%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0102%	8h	11.280	−0.159%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0079%	1h	11.306	+0.075%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.280	−0.159%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.304	+0.056%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.301	+0.026%	$16K	—	150x	as long as short
Gate AVAX_USDT	+0.0056%	8h	11.298	0.000%	$12.7M	$40.4M	75x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.324	+0.230%	$994K	$8.3M	50x	as long as short
OKX AVAX-USDT-SWAP	+0.0083%	8h	11.295	−0.027%	$20.3M	$149.0M	50x	as long as short
MEXC AVAX_USDT	+0.0095%	8h	11.295	−0.027%	$55.8M	$110.3M	200x	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	11.298	+0.002%	$1.3M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.299	+0.009%	$10K	$702K	50x	as long as short
Binance AVAXUSDT	+0.0097%	8h	11.294	−0.035%	$121.0M	$537.4M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.300	+0.015%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.302	+0.037%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.304	+0.057%	$300K	$121K	10x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.301	+0.027%	$90.6M	$155.8M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.302	+0.035%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.297	−0.009%	$34.8M	$61.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.299	+0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERPlong	+0.0100%	1h	11.298	long leg	$338K	$566K	15x
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.288	−0.089%	$357K	$909K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.295	−0.027%	$182K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.300	+0.018%	$133K	$482K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.307	+0.080%	$203K	$302K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.328	+0.269%	$12K	$721K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.296	−0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.299	+0.004%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.301	+0.027%	$30.3M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.295	−0.023%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.293	−0.042%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0216%	8h	11.315	+0.150%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.297	−0.005%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.306	+0.073%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.300	+0.015%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0665%	1h	11.318	+0.177%	$44.0M	$58.9M	10x	as long as short