Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: MEXC against SunX−0.619%7-day average −0.269% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$194as in the Price arb table

costs, in and out, $10k−$1591.592% of the position

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 3 days (all we have)+0.544%+$54 · spread now −0.619%, 7d avg −0.269%

Together, before fees+0.478%+$48 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: MEXC is 0.349% cheaper against SunX than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of −0.269%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	11.281	0.0100	pay 0.0100% / 8h	1h 06m	$12K	$735K	20x
Short	MEXC AVAX_USDT	11.211	0.0100	get 0.0100% / 8h	1h 06m	$51.2M	$100.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.619%Rate

Funding earned: $0
Price spread: −0.619% → −0.269%: −$34.93
Slippage, 4 orders: −$151.16
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$194.09
Costs to cover: 1.592%
Break-even: never at this rate

Slippage from SunX: live order book, 66 min ago; MEXC: live order book, 8 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	41.86 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 8 min ago	0.89 bp	1.5 bp −$1	2.9 bp −$29	32.0 bp −$3,195	96.2 bp −$48.1K

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	−0.0570%	1h	11.170	−0.982%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.241	−0.353%	$5.3M	$9.1M	25x	as long as short
Nado AVAX-PERP	−0.0043%	1h	11.246	−0.308%	$297K	$892K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.237	−0.386%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.246	−0.311%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0019%	8h	11.219	−0.548%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.240	−0.363%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.247	−0.300%	$17K	$686K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.235	−0.408%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.239	−0.369%	$2.3M	$1.8M	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	11.236	−0.397%	$298K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.218	−0.553%	$120.1M	$524.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.211	−0.619%	$89.1M	$157.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.207	−0.654%	$20.2M	$145.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.242	−0.344%	$12.5M	$40.8M	75x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	11.211	−0.619%	$51.2M	$100.4M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.214	−0.592%	$15.9M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.210	−0.628%	$34.1M	$60.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.231	−0.441%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.234	−0.415%	$359K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.242	−0.348%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.245	−0.317%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.252	−0.255%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.251	−0.264%	$202K	$301K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	11.281	long leg	$12K	$735K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.241	−0.353%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.242	−0.340%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.239	−0.371%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.206	−0.666%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.268	−0.114%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.259	−0.193%	$912K	$8.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.243	−0.335%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.248	−0.295%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0412% / S −0.0260%	1h	11.245	−0.314%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0587%	1h	11.244	−0.326%	$43.5M	$56.6M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0629%	1h	11.248	−0.290%	$4.6M	$13.5M	50x	as long as short