Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: HTX against Bitget+0.171%56s7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as 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−$940.942% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 3 days (all we have)−0.269%−$27 · spread now +0.171%, 7d avg +0.013%

Together, before fees−0.214%−$21 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 0.158% dearer against Bitget than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.013%. 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	Bitget AVAXUSDT	11.215	0.0100	pay 0.0100% / 8h	7h 11m	$34.0M	$53.3M	75x
Short	HTX AVAX-USDT	11.234	0.0100	get 0.0100% / 8h	7h 11m	$365K	$943K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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 BitgetbpFee HTXbpOrdersPrice spread, now +0.171%Rate

Funding earned: $0
Price spread: +0.171% → +0.013%: $15.83
Slippage, 4 orders: −$70.2
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$78.37
Costs to cover: 0.942%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; HTX: live order book, 2 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 Bitget live order book, 3 min ago	0.45 bp	8.8 bp −$9	17.7 bp −$177	37.3 bp −$3,733	doesn't fit
Sell HTX live order book, 2 min ago	11.76 bp	36.3 bp −$36	102.8 bp −$1,028	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	−0.1363%	1h	11.140	−0.669%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0062%	1h	11.219	+0.036%	$294K	$727K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.215	−0.001%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.216	+0.009%	$5.3M	$8.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.214	−0.012%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.221	+0.050%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.219	+0.036%	$15K	$608K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.221	+0.057%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.222	+0.061%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.223	+0.070%	$298K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.216	+0.007%	$119.7M	$475.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.214	−0.009%	$89.1M	$147.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.213	−0.018%	$20.0M	$130.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.219	+0.036%	$12.2M	$38.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.219	+0.036%	$51.0M	$89.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.223	+0.071%	$15.5M	$23.0M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	11.215	long leg	$34.0M	$53.3M	75x
BingX AVAX-USDT	+0.0100%	8h	11.217	+0.018%	—	$84.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.215	0.000%	$359K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.214	−0.012%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.202	−0.117%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.190	−0.223%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.221	+0.053%	$132K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.219	+0.036%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.239	+0.213%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.218	+0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	11.234	+0.171%	$365K	$943K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.218	+0.027%	$30.1M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.216	+0.009%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.212	−0.027%	$258K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.221	+0.055%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.196	−0.169%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.217	+0.021%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.209	−0.053%	$912K	$6.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.214	−0.011%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0676%	1h	11.236	+0.187%	$43.9M	$49.6M	10x	as long as short