Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Binance against SunX−0.373%56s7-day average −0.270% · you buy dearer than you sell

Net, funding: paid 7d − costs−$176as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1711.710% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)+0.585%+$58 · spread now −0.373%, 7d avg −0.270%

Together, before fees+0.530%+$53 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: Binance is 0.103% cheaper against SunX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.270%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	10.819	0.0100	pay 0.0100% / 8h	7h 38m	$11K	$774K	20x
Short	Binance AVAXUSDT	10.779	0.0100	get 0.0100% / 8h	7h 38m	$113.6M	$398.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.373%Rate

Funding earned: $0
Price spread: −0.373% → −0.270%: −$10.3
Slippage, 4 orders: −$152.97
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$181.28
Costs to cover: 1.710%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; Binance: live order book, 5 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, 4 min ago	41.91 bp	55.3 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.46 bp	6.7 bp −$7	11.4 bp −$114	40.9 bp −$4,086	138.3 bp −$69.2K

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	−0.0265%	1h	10.780	−0.362%	$3.7M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0238%	1h	10.774	−0.420%	$280K	$326K	10x	as long as short
Phemex AVAXUSDT	−0.0140%	8h	10.773	−0.429%	$28.7M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0080%	8h	10.771	−0.450%	$3.0M	$2.2M	—	as long as short
SoDEX AVAX-USD	−0.0055%	1h	10.775	−0.410%	$18K	$68K	10x	as long as short
Gate AVAX_USDT	−0.0004%	8h	10.776	−0.401%	$13.8M	$28.8M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.774	−0.421%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.783	−0.336%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.784	−0.330%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.549%	$17K	$151K	12x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0089%	8h	10.766	−0.497%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.768	−0.480%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.774	−0.420%	$22K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.789	−0.281%	$35.9M	$40.2M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.778	−0.387%	$2.4M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.774	−0.420%	$271K	$128K	10x	as long as short
Binance AVAXUSDTshort	+0.0100%	8h	10.779	−0.373%	$113.6M	$398.4M	75x
Bybit AVAXUSDT	+0.0100%	8h	10.777	−0.392%	$84.3M	$138.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.778	−0.383%	$19.0M	$107.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.777	−0.392%	$53.2M	$79.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.776	−0.401%	$13.9M	$21.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.781	−0.355%	$33.0M	$45.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.779	−0.373%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.777	−0.392%	$439K	$533K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.781	−0.350%	$344K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.780	−0.364%	$174K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.795	−0.226%	$136K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.784	−0.327%	$233K	$239K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	10.819	long leg	$11K	$774K	20x
HTX AVAX-USDT	+0.0100%	8h	10.787	−0.295%	$334K	$871K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.775	−0.412%	$612K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.777	−0.397%	$248K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.793	−0.244%	$856K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.773	−0.429%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.774	−0.417%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.783	−0.334%	$227K	—	120x	as long as short