Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.013%

Price spread now: HTX against Extended+0.127%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$950.947% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.127%, 7d avg +0.042%

Together, before fees−0.034%+ Points / potential airdropExtended: Active · farm board−$3 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 0.085% dearer against Extended than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AVAX-USD	10.681	0.0104	pay 0.0013% / 1h	31m 57s	$609K	$1.5M	25x
Short	HTX AVAX-USDT	10.694	0.0100	get 0.0100% / 8h	1h 31m	$336K	$872K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now +0.127%Rate

Funding earned: −$0.84
Price spread: +0.127% → +0.042%: $8.51
Slippage, 4 orders: −$77.7
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$87.03
Costs to cover: 0.947%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; HTX: live order book, 17 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 Extended live order book, 1 min ago	0.47 bp	5.4 bp −$5	7.5 bp −$75	doesn't fit	doesn't fit
Sell HTX live order book, 17 min ago	29.13 bp	49.6 bp −$50	123.9 bp −$1,239	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
Nado AVAX-PERP	−0.0176%	1h	10.691	+0.094%	$285K	$339K	10x	as long as short
Variational Omni AVAX	−0.0045%	8h	10.676	−0.050%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.700	+0.179%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.695	+0.132%	$4.8M	$7.1M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.695	+0.136%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0028%	8h	10.690	+0.085%	$12.7M	$32.2M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.740%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.691	+0.098%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0092%	8h	10.690	+0.085%	$81.0M	$146.3M	75x	as long as short
SoDEX AVAX-USD	+0.0094%	1h	10.692	+0.104%	$18K	$72K	10x	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	10.693	+0.114%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.689	+0.075%	$23K	$424K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.701	+0.188%	$37.3M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.692	+0.107%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.697	+0.150%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.695	+0.132%	$113.6M	$424.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.682	+0.010%	$18.7M	$112.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.695	+0.132%	$45.2M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.693	+0.113%	$13.6M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.684	+0.029%	$32.3M	$48.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.691	+0.094%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.696	+0.141%	$436K	$565K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.701	+0.185%	$340K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.705	+0.225%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.690	+0.085%	$136K	$352K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.701	+0.188%	$230K	$346K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.722	+0.382%	$11K	$764K	20x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	10.694	+0.127%	$336K	$872K	75x
Phemex AVAXUSDT	+0.0100%	8h	10.692	+0.104%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	10.681	long leg	$609K	$1.5M	25x
Aevo AVAX-PERP	+0.0104%	1h	10.691	+0.090%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.700	+0.174%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.694	+0.122%	$930K	$5.0M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.700	+0.178%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.683	+0.023%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.697	+0.146%	$226K	—	120x	as long as short