Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.003%

Price spread now: SunX against Popdex+0.178%7-day average +0.257% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1691.694% of the position

Long on Popdex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.178%, 7d avg +0.257%

Together, before fees−0.021%−$2 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 0.079% cheaper against Popdex than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.257%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	11.163	0.0096	pay 0.0012% / 1h	2m 50s	$15K	$604K	50x
Short	SunX AVAX-USDT	11.183	0.0100	get 0.0100% / 8h	7h 02m	$12K	$719K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Popdex. 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 PopdexbpFee SunXbpOrdersPrice spread, now +0.178%Rate

Funding earned: $0.84
Price spread: +0.178% → +0.257%: −$7.91
Slippage, 4 orders: −$155
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$176.46
Costs to cover: 1.694%
Break-even: 1477.5 days

Slippage from Popdex: live order book, 6 min ago; SunX: live order book, 49 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 Popdex live order book, 6 min ago	1.78 bp	6.3 bp −$6	15.7 bp −$157	doesn't fit	doesn't fit
Sell SunX live order book, 49 min ago	41.89 bp	102.0 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	−0.1363%	1h	11.100	−0.564%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.153	−0.090%	$5.3M	$8.4M	25x	as long as short
Nado AVAX-PERP	−0.0073%	1h	11.162	−0.009%	$293K	$680K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.153	−0.094%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.157	−0.054%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.154	−0.081%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDTlong	+0.0096%	1h	11.163	long leg	$15K	$604K	50x
Paradex AVAX-USD-PERP	+0.0100%	8h	11.150	−0.119%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.150	−0.114%	$2.3M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.159	−0.038%	$296K	$107K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.154	−0.081%	$119.2M	$474.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.154	−0.081%	$88.7M	$146.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.153	−0.090%	$19.9M	$129.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.152	−0.099%	$12.1M	$38.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.154	−0.081%	$50.1M	$89.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.156	−0.063%	$15.3M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.154	−0.081%	$33.9M	$53.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.154	−0.081%	—	$83.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.152	−0.099%	$357K	$550K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.188	+0.228%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.191	+0.251%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.191	+0.251%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.160	−0.027%	$131K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.161	−0.018%	$196K	$313K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.183	+0.178%	$12K	$719K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.153	−0.090%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.160	−0.028%	$363K	$943K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.150	−0.116%	$29.9M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.154	−0.081%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.152	−0.097%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.154	−0.081%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.155	−0.072%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.157	−0.052%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.155	−0.072%	$902K	$6.3M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0297%	1h	11.155	−0.071%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0660%	1h	11.172	+0.082%	$43.7M	$49.0M	10x	as long as short