Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: SunX against MEXC+0.220%7-day average +0.269% · 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−$167as in the Price arb table

costs, in and out, $10k−$1621.617% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)−0.095%−$10 · spread now +0.220%, 7d avg +0.269%

Together, before fees−0.029%−$3 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 0.050% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.269%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	11.233	0.0100	pay 0.0100% / 8h	39m 42s	$52.1M	$93.1M	200x
Short	SunX AVAX-USDT	11.258	0.0100	get 0.0100% / 8h	39m 42s	$12K	$733K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against MEXC. 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 MEXCbpFee SunXbpOrdersPrice spread, now +0.220%Rate

Funding earned: $0
Price spread: +0.220% → +0.269%: −$4.95
Slippage, 4 orders: −$153.74
Fee MEXC: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$166.69
Costs to cover: 1.617%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; SunX: live order book, 22 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 MEXC live order book, 4 min ago	0.44 bp	1.2 bp −$1	5.0 bp −$50	43.6 bp −$4,358	99.0 bp −$49.5K
Sell SunX live order book, 22 min ago	43.39 bp	102.5 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
Injective AVAX/USDC PERP	−0.1451%	1h	11.200	−0.294%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.223	−0.089%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0087%	1h	11.231	−0.018%	$296K	$884K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.233	−0.003%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.229	−0.036%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0065%	8h	11.239	+0.054%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.235	+0.021%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.230	−0.027%	$18K	$676K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.231	−0.017%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.236	+0.025%	$2.3M	$1.8M	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	11.240	+0.060%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.233	+0.004%	$120.2M	$516.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.232	−0.009%	$89.3M	$155.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.231	−0.018%	$20.2M	$144.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.232	−0.009%	$12.2M	$40.1M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	11.233	long leg	$52.1M	$93.1M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.236	+0.027%	$15.8M	$24.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.232	−0.009%	$34.2M	$58.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.233	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.231	−0.018%	$359K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.244	+0.097%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.250	+0.151%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.230	−0.027%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.235	+0.018%	$204K	$303K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.258	+0.220%	$12K	$733K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.225	−0.071%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.213	−0.177%	$362K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.225	−0.071%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.230	−0.031%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.226	−0.067%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.236	+0.027%	$5.0M	$7.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.226	−0.065%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.230	−0.024%	$4.6M	$13.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.254	+0.187%	$917K	$8.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0421% / S −0.0274%	1h	11.228	−0.041%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0826%	1h	11.253	+0.178%	$43.7M	$55.0M	10x	as long as short