Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against SunX−0.383%7-day average −0.241% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$200as in the Price arb table

costs, in and out, $10k−$1861.858% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.383%, 7d avg −0.241%

Together, before fees+0.160%+$16 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: ApeX Omni is 0.142% cheaper against SunX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.241%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	10.716	0.0100	pay 0.0100% / 8h	59m 15s	$11K	$769K	20x
Short	ApeX Omni AVAXUSDT	10.675	0.0100	get 0.0013% / 1h	59m 15s	$172K	$661K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.383%Rate

Funding earned: $0
Price spread: −0.383% → −0.241%: −$14.2
Slippage, 4 orders: −$167.84
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$200.04
Costs to cover: 1.858%
Break-even: never at this rate

Slippage from SunX: live order book, 63 min ago; ApeX Omni: live order book, 44 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, 63 min ago	41.92 bp	55.3 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 44 min ago	6.54 bp	14.5 bp −$15	69.7 bp −$697	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
Nado AVAX-PERP	−0.0435%	1h	10.684	−0.294%	$281K	$335K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.685	−0.291%	$3.8M	$12.0M	50x	as long as short
Variational Omni AVAX	−0.0067%	8h	10.666	−0.470%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.687	−0.266%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.687	−0.271%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.688	−0.259%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0012%	8h	10.686	−0.280%	$12.9M	$30.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.411%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0083%	8h	10.687	−0.274%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0084%	8h	10.682	−0.317%	$81.5M	$143.0M	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	10.685	−0.288%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.688	−0.261%	$25K	$472K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.694	−0.205%	$37.2M	$43.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.694	−0.210%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.689	−0.252%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.687	−0.266%	$113.0M	$418.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.682	−0.317%	$18.8M	$110.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.689	−0.252%	$45.7M	$78.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.684	−0.299%	$13.6M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.685	−0.289%	$32.4M	$48.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.683	−0.308%	—	$54.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.693	−0.215%	$436K	$558K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.669	−0.440%	$339K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	10.675	−0.383%	$172K	$661K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.688	−0.261%	$134K	$347K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.694	−0.205%	$231K	$255K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	10.716	long leg	$11K	$769K	20x
SoDEX AVAX-USD	+0.0100%	1h	10.685	−0.289%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.687	−0.275%	$325K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.688	−0.261%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.681	−0.331%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.679	−0.342%	$245K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.684	−0.299%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.693	−0.215%	$849K	$5.1M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.680	−0.333%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.687	−0.268%	$225K	—	120x	as long as short