Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: HTX against dYdX−0.011%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$392as in the Funding arb table

Net, price: spread back to 7d avg − costs−$413as in the Price arb table

costs, in and out, $10k−$4134.128% of the position

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 3 days (all we have)−0.038%−$4 · spread now −0.011%, 7d avg −0.013%

Together, before fees+0.172%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	11.137	0	get 0.0000% / 1h	35m 55s	$102K	$105K	10x
Short	HTX AVAX-USDT	11.136	0.0100	get 0.0100% / 8h	7h 35m	$361K	$955K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against dYdX. 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 dYdXbpFee HTXbpOrdersPrice spread, now −0.011%Rate

Funding earned: $21
Price spread: −0.011% → −0.013%: $0.19
Slippage, 4 orders: −$390.79
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$391.6
Costs to cover: 4.128%
Break-even: 137.5 days

Slippage from dYdX: live order book, 38 min ago; HTX: live order book, 23 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 dYdX live order book, 38 min ago	146.82 bp	151.8 bp −$152	151.8 bp −$1,518	154.5 bp −$15.5K	156.6 bp −$78.3K
Sell HTX live order book, 23 min ago	27.31 bp	33.4 bp −$33	82.1 bp −$821	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	11.100	−0.330%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0199%	1h	11.132	−0.042%	$5.3M	$8.6M	25x	as long as short
Nado AVAX-PERP	−0.0050%	1h	11.136	−0.006%	$292K	$837K	10x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.137	long leg	$102K	$105K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.137	+0.001%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0077%	8h	11.130	−0.060%	$12.2M	$38.1M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.135	−0.012%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.136	−0.006%	$18K	$634K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.138	+0.014%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.138	+0.012%	$2.3M	$1.6M	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	11.143	+0.056%	$296K	$106K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.129	−0.069%	$118.4M	$489.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.130	−0.060%	$88.6M	$149.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.127	−0.087%	$19.9M	$135.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.129	−0.069%	$49.1M	$88.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.136	−0.006%	$15.4M	$23.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.126	−0.096%	$33.7M	$55.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.128	−0.078%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.135	−0.015%	$356K	$558K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.134	−0.026%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.133	−0.035%	$359K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.135	−0.015%	$179K	$689K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.138	+0.012%	$131K	$376K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.143	+0.056%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.169	+0.292%	$12K	$726K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.136	−0.006%	$19K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	11.136	−0.011%	$361K	$955K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.139	+0.020%	$30.0M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.118	−0.171%	$667K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.133	−0.029%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.140	+0.028%	$4.3M	$12.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.131	−0.051%	$5.0M	$6.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.133	−0.030%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.134	−0.024%	$904K	$7.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.136	−0.010%	$249K	—	120x	as long as short
Hyperliquid AVAX	+0.0665%	1h	11.152	+0.137%	$43.5M	$51.0M	10x	as long as short