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 +0.013%

Price spread now: SunX against Extended+0.255%7-day average +0.333% · you sell dearer than you buy

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1671.671% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.255%, 7d avg +0.333%

Together, before fees+0.100%+ Points / potential airdropExtended: Active · farm board+$10 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 0.078% cheaper against Extended than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.333%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AVAX-USD	10.711	0.0104	pay 0.0013% / 1h	29m 40s	$609K	$1.5M	25x
Short	SunX AVAX-USDT	10.739	0.0100	get 0.0100% / 8h	1h 29m	$11K	$765K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.255%Rate

Funding earned: −$0.84
Price spread: +0.255% → +0.333%: −$7.83
Slippage, 4 orders: −$154.09
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$175.76
Costs to cover: 1.671%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; SunX: live order book, 32 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 Extended live order book, 4 min ago	0.47 bp	5.4 bp −$5	7.5 bp −$75	doesn't fit	doesn't fit
Sell SunX live order book, 32 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	−0.0179%	1h	10.700	−0.102%	$285K	$339K	10x	as long as short
Variational Omni AVAX	−0.0048%	8h	10.697	−0.138%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.706	−0.055%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.712	+0.005%	$4.8M	$7.1M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.704	−0.066%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0028%	8h	10.714	+0.024%	$12.8M	$32.2M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.453%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0088%	8h	10.716	+0.040%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.712	+0.005%	$81.2M	$146.3M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.712	+0.006%	$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	10.701	−0.097%	$21K	$426K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.721	+0.089%	$37.4M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.712	+0.005%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.719	+0.073%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.715	+0.033%	$113.9M	$424.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.712	+0.005%	$18.8M	$112.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.714	+0.024%	$45.6M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.714	+0.024%	$13.6M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.714	+0.024%	$32.4M	$48.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.714	+0.024%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.713	+0.015%	$436K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.704	−0.065%	$340K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.712	+0.005%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.705	−0.060%	$136K	$352K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.715	+0.033%	$230K	$346K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	10.739	+0.255%	$11K	$765K	20x
SoDEX AVAX-USD	+0.0100%	1h	10.709	−0.023%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.711	+0.001%	$336K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.709	−0.023%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	10.711	long leg	$609K	$1.5M	25x
Aevo AVAX-PERP	+0.0104%	1h	10.703	−0.078%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.716	+0.042%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.712	+0.005%	$854K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.706	−0.051%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.700	−0.103%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.705	−0.062%	$226K	—	120x	as long as short