Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.016%

Price spread now: HTX against Coinbase International−0.173%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1121.117% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 3 days (all we have)+0.173%+$17 · spread now −0.173%, 7d avg −0.078%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and HTX is 0.095% cheaper against Coinbase International than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.078%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	11.263	0.0280	pay 0.0035% / 1h	47m 34s	$917K	$8.0M	50x
Short	HTX AVAX-USDT	11.243	0.0100	get 0.0100% / 8h	47m 34s	$363K	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now −0.173%Rate

Funding earned: −$37.8
Price spread: −0.173% → −0.078%: −$9.52
Slippage, 4 orders: −$89.71
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$159.03
Costs to cover: 1.117%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; HTX: live order book, 1 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 Coinbase International live order book, 1 min ago	3.11 bp	13.4 bp −$13	18.4 bp −$184	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	31.37 bp	47.6 bp −$48	91.1 bp −$911	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	−0.1451%	1h	11.200	−0.559%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.242	−0.186%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0084%	1h	11.249	−0.120%	$297K	$885K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.244	−0.173%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.244	−0.170%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0051%	8h	11.270	+0.063%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.247	−0.140%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.241	−0.195%	$18K	$677K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.243	−0.175%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.247	−0.146%	$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	11.251	−0.110%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.246	−0.155%	$120.5M	$518.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.245	−0.160%	$89.5M	$156.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.244	−0.169%	$20.2M	$144.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.244	−0.169%	$12.2M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.244	−0.169%	$51.7M	$93.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.251	−0.107%	$15.8M	$24.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.244	−0.169%	$34.3M	$59.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.241	−0.195%	—	$86.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.245	−0.160%	$360K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.271	+0.073%	$360K	$864K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.276	+0.115%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.247	−0.142%	$134K	$439K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.251	−0.107%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.277	+0.123%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.244	−0.169%	$19K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	11.243	−0.173%	$363K	$1.0M	75x
Phemex AVAXUSDT	+0.0100%	8h	11.243	−0.178%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.238	−0.218%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.245	−0.159%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.248	−0.133%	$5.0M	$7.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.241	−0.199%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.250	−0.114%	$4.6M	$13.3M	50x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0280%	1h	11.263	long leg	$917K	$8.0M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0418% / S −0.0270%	1h	11.243	−0.179%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0837%	1h	11.265	+0.018%	$43.7M	$55.3M	10x	as long as short