Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against GRVT−0.060%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1041.043% of the position

Long on GRVT Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)−0.257%−$26 · spread now −0.060%, 7d avg −0.021%

Together, before fees−0.242%+ Points / potential airdropGRVT: Active · farm board−$24 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 0.039% cheaper against GRVT than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AVAX_USDT_Perp	10.915	0.0100	pay 0.0100% / 8h	7h 03m	$352K	$1.3M	10x
Short	HTX AVAX-USDT	10.909	0.0100	get 0.0100% / 8h	7h 03m	$337K	$868K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against GRVT. 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 GRVTbpFee HTXbpOrdersPrice spread, now −0.060%Rate

Funding earned: $0
Price spread: −0.060% → −0.021%: −$3.86
Slippage, 4 orders: −$83.26
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$108.12
Costs to cover: 1.043%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; HTX: live order book, 36 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 GRVT live order book, 5 min ago	0.46 bp	7.8 bp −$8	19.6 bp −$196	doesn't fit	doesn't fit
Sell HTX live order book, 36 min ago	25.82 bp	54.5 bp −$55	98.9 bp −$989	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	−0.0262%	1h	10.917	+0.019%	$3.8M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0152%	1h	10.911	−0.037%	$275K	$311K	10x	as long as short
Phemex AVAXUSDT	−0.0148%	8h	10.908	−0.064%	$29.1M	$5.6M	50x	as long as short
Variational Omni AVAX	−0.0092%	8h	10.907	−0.076%	$3.0M	$2.2M	—	as long as short
SoDEX AVAX-USD	−0.0069%	1h	10.909	−0.055%	$19K	$68K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.921	+0.057%	$93K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.909	−0.055%	$5.0M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.910	−0.046%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.420%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0041%	8h	10.908	−0.064%	$14.2M	$29.7M	75x	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	+0.0091%	8h	10.913	−0.014%	$12K	$62	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.912	−0.027%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.912	−0.027%	$19K	$474K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.921	+0.055%	$36.2M	$39.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.917	+0.018%	$2.3M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.922	+0.064%	$275K	$127K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.898	−0.156%	$114.9M	$387.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.904	−0.101%	$85.2M	$135.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.904	−0.101%	$19.4M	$106.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.908	−0.064%	$55.1M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.908	−0.064%	$14.1M	$19.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.906	−0.082%	$33.2M	$44.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.905	−0.092%	—	$52.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.909	−0.055%	$440K	$528K	15x	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	10.915	long leg	$352K	$1.3M	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	10.915	0.000%	$175K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.917	+0.018%	$139K	$236K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.907	−0.073%	$236K	$221K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.938	+0.211%	$12K	$776K	20x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	10.909	−0.060%	$337K	$868K	75x
Extended AVAX-USD	+0.0104%	1h	10.902	−0.118%	$621K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.905	−0.092%	$250K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.923	+0.073%	$860K	$5.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.903	−0.110%	$4.7M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.906	−0.080%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.912	−0.030%	$230K	—	120x	as long as short