Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: HTX against Aevo+0.052%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$825as in the Funding arb table

Net, price: spread back to 7d avg − costs−$820as in the Price arb table

costs, in and out, $10k−$8258.253% of the position

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.052%, 7d avg +0.001%

Together, before fees−0.013%−$1 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: HTX is 0.051% dearer against Aevo than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	11.007	0.0104	pay 0.0013% / 1h	52m 30s	$253K	—	3x
Short	HTX AVAX-USDT	11.012	0.0100	get 0.0100% / 8h	3h 52m	$366K	$791K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aevo. 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 AevobpFee HTXbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$0.84
Price spread: +0.052% → +0.001%: $5.15
Slippage, 4 orders: −$797.32
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$821.01
Costs to cover: 8.253%
Break-even: never at this rate

Slippage from Aevo: live order book, 1 min ago; HTX: live order book, 6 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 Aevo live order book, 1 min ago	179.73 bp	354.1 bp −$354	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 6 min ago	37.05 bp	50.6 bp −$51	127.2 bp −$1,272	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	−0.1421%	1h	10.950	−0.516%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0022%	1h	11.012	+0.048%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0019%	1h	11.016	+0.084%	$286K	$318K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.016	+0.079%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.020	+0.121%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	11.015	+0.078%	$4.3M	$11.3M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.007	−0.001%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.018	+0.102%	$15K	$458K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.017	+0.090%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.008	+0.012%	$2.2M	$1.1M	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	11.015	+0.075%	$277K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.019	+0.114%	$116.3M	$428.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.012	+0.048%	$84.3M	$140.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.017	+0.093%	$20.2M	$114.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.011	+0.038%	$12.1M	$32.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.018	+0.102%	$46.0M	$78.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.022	+0.138%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.019	+0.111%	$33.1M	$47.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.015	+0.075%	—	$75.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.014	+0.066%	$369K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.987	−0.183%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.988	−0.171%	$345K	$891K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.012	+0.048%	$177K	$670K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.018	+0.102%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.021	+0.129%	$194K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.030	+0.211%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.012	+0.048%	$19K	$71K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	11.012	+0.052%	$366K	$791K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.014	+0.066%	$29.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.013	+0.056%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	11.007	long leg	$253K	—	3x
BloFin AVAX-USDT	+0.0220%	8h	11.013	+0.057%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.007	+0.002%	$896K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.014	+0.068%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0377%	1h	11.034	+0.247%	$42.8M	$41.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.021	+0.127%	$234K	—	120x	as long as short