Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%

Price spread now: Aevo against SunX−0.303%7-day average −0.293% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,036as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,037as in the Price arb table

costs, in and out, $10k−$1,03610.359% of the position

Long on SunX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.303%, 7d avg −0.293%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	10.699	0.0100	pay 0.0100% / 8h	20m 57s	$11K	$770K	20x
Short	Aevo AVAX-PERP	10.667	0.0104	get 0.0013% / 1h	20m 57s	$245K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now −0.303%Rate

Funding earned: $0.84
Price spread: −0.303% → −0.293%: −$1
Slippage, 4 orders: −$1,011.89
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$1,036.05
Costs to cover: 10.359%
Break-even: 8640.7 days

Slippage from SunX: live order book, 31 min ago; Aevo: live order book, 18 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 SunX live order book, 31 min ago	41.88 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 18 min ago	217.59 bp	444.7 bp −$445	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	−0.0185%	1h	10.671	−0.258%	$3.8M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0165%	1h	10.674	−0.229%	$288K	$329K	10x	as long as short
Variational Omni AVAX	−0.0076%	8h	10.663	−0.341%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.679	−0.183%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.671	−0.262%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.673	−0.240%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0006%	8h	10.671	−0.262%	$13.1M	$30.8M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.570%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0090%	8h	10.674	−0.229%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0094%	8h	10.671	−0.262%	$81.5M	$139.6M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.670	−0.273%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.672	−0.252%	$25K	$467K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.678	−0.196%	$36.7M	$41.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.675	−0.224%	$2.2M	$896K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.681	−0.170%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.673	−0.243%	$112.8M	$406.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.674	−0.234%	$18.7M	$107.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.671	−0.262%	$45.3M	$79.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.672	−0.252%	$13.7M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.673	−0.243%	$32.3M	$46.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.671	−0.262%	—	$53.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.674	−0.234%	$435K	$547K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.674	−0.235%	$335K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.681	−0.168%	$172K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.674	−0.234%	$134K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.678	−0.196%	$231K	$255K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	10.699	long leg	$11K	$770K	20x
SoDEX AVAX-USD	+0.0100%	1h	10.669	−0.280%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.672	−0.248%	$325K	$863K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.670	−0.271%	$28.5M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.669	−0.283%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	10.667	−0.303%	$245K	—	3x
BloFin AVAX-USDT	+0.0220%	8h	10.669	−0.280%	$4.6M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.668	−0.290%	$847K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.668	−0.292%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.674	−0.235%	$225K	—	120x	as long as short