Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0131%/8h= +14.3% APRpaid last 24h +0.108%

Price spread now: HTX against Deribit−0.023%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$820.820% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.661%+$66 on $10k

Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.023%, 7d avg +0.004%

Together, before fees+0.736%+$74 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.028% cheaper against Deribit than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.004%). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.661% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	10.687	−0.0031	get 0.0004% / 1h	38m 42s	$4.8M	$6.8M	25x
Short	HTX AVAX-USDT	10.684	0.0100	get 0.0100% / 8h	38m 42s	$325K	$866K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $27.43
Price spread: −0.023% → +0.004%: −$2.77
Slippage, 4 orders: −$63.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$57.35
Costs to cover: 0.820%
Break-even: 21.6 days

Slippage from Deribit: live order book, 5 min ago; HTX: live order book, 5 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 Deribit live order book, 5 min ago	0.93 bp	5.8 bp −$6	89.6 bp −$896	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	25.75 bp	33.1 bp −$33	85.2 bp −$852	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
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.687	+0.001%	$3.8M	$11.7M	50x	as long as short
Nado AVAX-PERP	−0.0125%	1h	10.677	−0.089%	$288K	$336K	10x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.700	+0.126%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0031%	1h	10.687	long leg	$4.8M	$6.8M	25x
Gate AVAX_USDT	−0.0002%	8h	10.682	−0.047%	$13.0M	$30.6M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.691	+0.037%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.686	−0.007%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.683%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.686	−0.010%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.681	−0.056%	$81.5M	$141.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.688	+0.009%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.674	−0.122%	$25K	$471K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.698	+0.100%	$36.7M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.694	+0.062%	$2.2M	$913K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.692	+0.046%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.688	+0.008%	$113.2M	$412.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.681	−0.056%	$18.8M	$108.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.686	−0.009%	$45.9M	$79.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.688	+0.009%	$13.7M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.688	+0.009%	$32.4M	$47.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.684	−0.028%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.686	−0.009%	$436K	$554K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.709	+0.203%	$343K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.711	+0.225%	$173K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.685	−0.019%	$134K	$329K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.694	+0.066%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.715	+0.264%	$12K	$768K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.686	−0.009%	$18K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	10.684	−0.023%	$325K	$866K	75x
Phemex AVAXUSDT	+0.0100%	8h	10.686	−0.009%	$28.5M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.677	−0.092%	$608K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.689	+0.017%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.683	−0.037%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.684	−0.028%	$850K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.680	−0.063%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.687	+0.004%	$225K	—	120x	as long as short