Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: Aevo against HTX−0.059%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$885as in the Funding arb table

Net, price: spread back to 7d avg − costs−$890as in the Price arb table

costs, in and out, $10k−$8848.840% of the position

Long on HTX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)+0.051%+$5 · spread now −0.059%, 7d avg −0.002%

Together, before fees+0.046%+$5 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: Aevo is 0.057% cheaper against HTX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	11.168	0.0100	pay 0.0100% / 8h	7h 16m	$362K	$939K	75x
Short	Aevo AVAX-PERP	11.161	0.0104	get 0.0013% / 1h	16m 42s	$256K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now −0.059%Rate

Funding earned: $0.84
Price spread: −0.059% → −0.002%: −$5.68
Slippage, 4 orders: −$855.98
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$888.82
Costs to cover: 8.840%
Break-even: 7413.8 days

Slippage from HTX: live order book, 42 min ago; Aevo: live order book, 57 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 HTX live order book, 42 min ago	27.31 bp	44.9 bp −$45	119.1 bp −$1,191	doesn't fit	doesn't fit
Sell Aevo live order book, 57 min ago	190.29 bp	396.0 bp −$396	doesn't fit	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	11.120	−0.425%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0108%	1h	11.165	−0.022%	$5.3M	$8.5M	25x	as long as short
Nado AVAX-PERP	−0.0054%	1h	11.172	+0.045%	$293K	$732K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.181	+0.119%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.166	−0.017%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.178	+0.098%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.171	+0.031%	$15K	$611K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.167	−0.002%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.180	+0.115%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.181	+0.122%	$297K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.180	+0.112%	$119.4M	$476.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.181	+0.121%	$89.0M	$147.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.178	+0.094%	$20.0M	$131.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.178	+0.094%	$12.2M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.180	+0.112%	$48.8M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.182	+0.130%	$15.4M	$23.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.180	+0.112%	$33.9M	$53.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.179	+0.103%	—	$84.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.177	+0.085%	$357K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.163	−0.043%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.159	−0.075%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.163	−0.040%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.173	+0.049%	$131K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.173	+0.049%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.198	+0.271%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.170	+0.022%	$19K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.168	long leg	$362K	$939K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.169	+0.013%	$29.9M	$5.2M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.177	+0.081%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	11.161	−0.059%	$256K	—	3x
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.173	+0.046%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.173	+0.049%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.166	−0.015%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.155	−0.112%	$921K	$6.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.164	−0.032%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0688%	1h	11.194	+0.237%	$43.7M	$49.6M	10x	as long as short