Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.025%

Price spread now: SunX against Coinbase International+0.180%7-day average +0.207% · you sell dearer than you buy

Net, funding: paid 7d − costs−$193as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1791.787% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.180%, 7d avg +0.207%

Together, before fees−0.078%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SunX is 0.027% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.207%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	10.684	0.0224	pay 0.0028% / 1h	37m 39s	$850K	$4.7M	50x
Short	SunX AVAX-USDT	10.703	0.0100	get 0.0100% / 8h	37m 39s	$12K	$769K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Coinbase International. 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 Coinbase InternationalbpFee SunXbpOrdersPrice spread, now +0.180%Rate

Funding earned: −$26.04
Price spread: +0.180% → +0.207%: −$2.71
Slippage, 4 orders: −$160.71
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$207.46
Costs to cover: 1.787%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 6 min ago; SunX: live order book, 14 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 Coinbase International live order book, 6 min ago	2.80 bp	8.7 bp −$9	13.7 bp −$137	doesn't fit	doesn't fit
Sell SunX live order book, 14 min ago	41.88 bp	101.6 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
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.671	−0.123%	$3.8M	$11.7M	50x	as long as short
Nado AVAX-PERP	−0.0135%	1h	10.672	−0.112%	$288K	$336K	10x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.700	+0.154%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.675	−0.084%	$4.8M	$6.8M	25x	as long as short
Gate AVAX_USDT	−0.0001%	8h	10.663	−0.197%	$13.0M	$30.7M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.665	−0.173%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.676	−0.073%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.711%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	10.663	−0.197%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0089%	8h	10.664	−0.187%	$81.4M	$140.9M	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	10.664	−0.183%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.657	−0.253%	$25K	$469K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.673	−0.103%	$36.7M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.670	−0.131%	$2.2M	$904K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.670	−0.133%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.664	−0.187%	$112.9M	$412.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.665	−0.178%	$18.7M	$108.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.663	−0.197%	$45.6M	$79.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.663	−0.197%	$13.7M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.663	−0.197%	$32.3M	$47.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.665	−0.178%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.671	−0.122%	$435K	$554K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.709	+0.231%	$343K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.711	+0.253%	$173K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.677	−0.066%	$134K	$329K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.680	−0.037%	$231K	$255K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	10.703	+0.180%	$12K	$769K	20x
SoDEX AVAX-USD	+0.0100%	1h	10.671	−0.122%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.678	−0.061%	$325K	$866K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.671	−0.122%	$28.5M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.662	−0.209%	$607K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.668	−0.154%	$245K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.683	−0.009%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0224%	1h	10.684	long leg	$850K	$4.7M	50x
Reya AVAXRUSDPERP	+0.0245%	1h	10.672	−0.110%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.675	−0.082%	$225K	—	120x	as long as short