Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.030%

Price spread now: SunX against gTrade (Gains Network)+0.260%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.260% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AVAX/USD	11.097	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	39m 21s	$13K	—	150x
Short	SunX AVAX-USDT	11.125	0.0100	get 0.0100% / 8h	6h 39m	$12K	$721K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee SunXbpOrdersPrice spread, now +0.260%Rate

Funding earned: $20.66
Price spread: +0.260% → 0.000%: $25.95
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $28.61
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; SunX: live order book, 2 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell SunX live order book, 2 min ago	41.89 bp	101.4 bp −$101	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1423%	1h	10.990	−0.960%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0033%	1h	11.091	−0.045%	$285K	$521K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.086	−0.093%	$102K	$96K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.096	−0.005%	$5.2M	$8.3M	25x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0003%	1h	11.097	long leg	$13K	—	150x
Gate AVAX_USDT	+0.0032%	8h	11.096	−0.005%	$12.1M	$36.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.075	−0.194%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.080	−0.149%	$15K	$598K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.080	−0.150%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.071	−0.232%	$2.3M	$1.4M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.082	−0.128%	$294K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.096	−0.005%	$118.1M	$470.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.097	+0.005%	$88.4M	$146.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.094	−0.023%	$19.8M	$126.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.098	+0.014%	$48.9M	$82.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.095	−0.014%	$15.5M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.092	−0.041%	$33.4M	$52.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.096	−0.005%	—	$83.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.068	−0.257%	$354K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.080	−0.151%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.084	−0.113%	$349K	$808K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.118	+0.194%	$179K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.104	+0.068%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.100	+0.032%	$195K	$313K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.125	+0.260%	$12K	$721K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.099	+0.023%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.016	−0.729%	$358K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.069	−0.248%	$29.5M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.092	−0.037%	$668K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.094	−0.023%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.117	+0.185%	$5.0M	$6.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.098	+0.017%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.101	+0.037%	$4.3M	$12.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.104	+0.068%	$908K	$6.0M	50x	as long as short
Hyperliquid AVAX	+0.0420%	1h	11.117	+0.185%	$43.3M	$46.9M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.095	−0.016%	$235K	—	120x	as long as short