Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX+0.260%7-day average +0.290% · you sell dearer than you buy

Net, funding: paid 7d − costs−$227as in the Funding arb table

Net, price: spread back to 7d avg − costs−$230as in the Price arb table

costs, in and out, $10k−$2272.271% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.260%, 7d avg +0.290%

Together, before fees−0.002%$0 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 0.030% cheaper against HTX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.290%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	10.718	0.0100	pay 0.0100% / 8h	15m 34s	$326K	$863K	75x
Short	SunX AVAX-USDT	10.746	0.0100	get 0.0100% / 8h	15m 34s	$11K	$769K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against HTX. 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 HTXbpFee SunXbpOrdersPrice spread, now +0.260%Rate

Funding earned: $0
Price spread: +0.260% → +0.290%: −$2.95
Slippage, 4 orders: −$207.11
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$230.07
Costs to cover: 2.271%
Break-even: never at this rate

Slippage from HTX: live order book, 28 min ago; SunX: live order book, 36 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 HTX live order book, 28 min ago	25.75 bp	37.0 bp −$37	90.4 bp −$904	doesn't fit	doesn't fit
Sell SunX live order book, 36 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	−0.0184%	1h	10.715	−0.027%	$3.8M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0180%	1h	10.718	+0.002%	$289K	$329K	10x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.711	−0.070%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.723	+0.048%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.717	−0.012%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.717	−0.012%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0012%	8h	10.719	+0.007%	$13.2M	$30.8M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.389%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0091%	8h	10.715	−0.030%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.719	+0.007%	$1.2M	$2.4M	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	10.715	−0.031%	$25K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.728	+0.090%	$36.8M	$41.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.717	−0.013%	$2.2M	$896K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.723	+0.042%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.717	−0.012%	$113.3M	$406.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.715	−0.031%	$81.8M	$139.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.714	−0.040%	$18.8M	$107.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.721	+0.025%	$52.8M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.717	−0.012%	$13.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.715	−0.031%	$32.5M	$46.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.716	−0.021%	—	$53.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.720	+0.016%	$437K	$547K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.702	−0.151%	$344K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.703	−0.143%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.720	+0.016%	$135K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.723	+0.044%	$232K	$255K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	10.746	+0.260%	$11K	$769K	20x
SoDEX AVAX-USD	+0.0100%	1h	10.714	−0.040%	$18K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	10.718	long leg	$326K	$863K	75x
Phemex AVAXUSDT	+0.0100%	8h	10.715	−0.031%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.710	−0.078%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.709	−0.087%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.705	−0.124%	$4.7M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.712	−0.059%	$851K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.705	−0.126%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.716	−0.020%	$226K	—	120x	as long as short