Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.021%

Price spread now: Coinbase International against SunX−0.178%7-day average −0.212% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1821.821% of the position

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now −0.178%, 7d avg −0.212%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.034% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.212%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	11.126	0.0100	pay 0.0100% / 8h	6h 45m	$12K	$721K	20x
Short	Coinbase International AVAX-PERP-INTX	11.106	0.0288	get 0.0036% / 1h	45m 49s	$909K	$6.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.178%Rate

Funding earned: $39.48
Price spread: −0.178% → −0.212%: $3.38
Slippage, 4 orders: −$164.12
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$139.26
Costs to cover: 1.821%
Break-even: 31.7 days

Slippage from SunX: live order book, 66 min ago; Coinbase International: live order book, 3 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, 66 min ago	41.89 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	3.59 bp	14.4 bp −$14	19.9 bp −$199	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	−0.1423%	1h	11.050	−0.681%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.095	−0.277%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0026%	1h	11.096	−0.263%	$288K	$525K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.100	−0.229%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.093	−0.293%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0082%	8h	11.093	−0.295%	$12.1M	$36.4M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.093	−0.291%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.098	−0.250%	$18K	$600K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.095	−0.274%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.097	−0.262%	$2.3M	$1.4M	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	11.099	−0.239%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.096	−0.268%	$118.1M	$471.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.096	−0.268%	$88.3M	$146.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.094	−0.286%	$19.8M	$127.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.093	−0.295%	$48.5M	$82.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.095	−0.277%	$15.4M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.093	−0.295%	$33.4M	$52.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.096	−0.268%	—	$83.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.096	−0.268%	$355K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.094	−0.288%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.127	+0.011%	$353K	$807K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.129	+0.029%	$179K	$682K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.098	−0.250%	$130K	$369K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.101	−0.223%	$195K	$313K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	11.126	long leg	$12K	$721K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.095	−0.277%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.094	−0.290%	$360K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.098	−0.250%	$29.6M	$5.4M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.093	−0.298%	$668K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.092	−0.307%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.117	−0.079%	$5.0M	$6.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.094	−0.287%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.099	−0.240%	$4.3M	$12.2M	50x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0288%	1h	11.106	−0.178%	$909K	$6.1M	50x
Hyperliquid AVAX	+0.0418%	1h	11.109	−0.151%	$43.3M	$48.0M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.093	−0.297%	$235K	—	120x	as long as short