Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0344%/8h= −37.7% APRpaid last 24h −0.082%

Price spread now: HTX against GMX−0.078%7-day average −0.070% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.326%−$33 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.078%, 7d avg −0.070%

Together, before fees−0.289%−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.070%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	10.727	L +0.0444% / S −0.0295%	pay 0.0056% / 1h	57m 35s	$227K	—	120x
Short	HTX AVAX-USDT	10.719	0.0100	get 0.0100% / 8h	1h 57m	$343K	$879K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against GMX. 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 GMXbpFee HTXbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$72.29
Price spread: −0.078% → −0.070%: −$0.79
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$97.08
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; HTX: live order book, 56 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell HTX live order book, 56 min ago	24.18 bp	46.7 bp −$47	143.9 bp −$1,439	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0246%	1h	10.708	−0.175%	$287K	$340K	10x	as long as short
Variational Omni AVAX	−0.0030%	8h	10.718	−0.087%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.726	−0.008%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.722	−0.045%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.721	−0.054%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.309%	$17K	$152K	12x	as long as short
Gate AVAX_USDT	+0.0037%	8h	10.720	−0.064%	$12.7M	$31.9M	75x	as long as short
Bybit AVAXUSDT	+0.0087%	8h	10.711	−0.147%	$82.0M	$149.1M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.719	−0.073%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.713	−0.129%	$23K	$437K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0097%	8h	10.714	−0.118%	$12K	$212	20x	as long as short
SoDEX AVAX-USD	+0.0097%	1h	10.718	−0.082%	$18K	$72K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.731	+0.039%	$37.6M	$44.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.712	−0.137%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.721	−0.054%	$269K	$132K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.712	−0.138%	$114.1M	$432.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.712	−0.138%	$18.8M	$114.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.719	−0.073%	$45.6M	$80.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.718	−0.082%	$13.7M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.709	−0.166%	$32.5M	$49.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.712	−0.138%	—	$54.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.723	−0.036%	$428K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.722	−0.046%	$345K	$1.0M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.723	−0.036%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.726	−0.008%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.727	+0.002%	$231K	$351K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.748	+0.198%	$11K	$767K	20x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	10.719	−0.078%	$343K	$879K	75x
Phemex AVAXUSDT	+0.0100%	8h	10.723	−0.036%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.705	−0.204%	$612K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.714	−0.116%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.726	−0.008%	$4.2M	$11.5M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.734	+0.067%	$933K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.715	−0.110%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.713	−0.127%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0444% / S −0.0295%	1h	10.727	long leg	$227K	—	120x