Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: BingX against HTX+0.148%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1221.218% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 3 days (all we have)+0.256%+$26 · spread now +0.148%, 7d avg −0.013%

Together, before fees+0.212%+$21 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: BingX is 0.161% dearer against HTX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	11.124	0.0100	pay 0.0100% / 8h	2h 48m	$356K	$1.2M	75x
Short	BingX AVAX-USDC	11.141	0.0100	get 0.0100% / 8h	2h 48m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.148%Rate

Funding earned: $0
Price spread: +0.148% → −0.013%: $16.1
Slippage, 4 orders: −$99.8
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$105.71
Costs to cover: 1.218%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; BingX: live order book, 3 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, 5 min ago	28.66 bp	59.1 bp −$59	166.9 bp −$1,669	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	0.90 bp	10.7 bp −$11	29.7 bp −$297	91.4 bp −$9,137	514.7 bp −$257.3K

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
Deribit AVAX_USDC-PERPETUAL	−0.0288%	1h	11.137	+0.112%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0185%	8h	11.129	+0.036%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0084%	1h	11.130	+0.049%	$296K	$958K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.220%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0024%	1h	11.137	+0.108%	$662K	$2.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.143	+0.171%	$98K	$127K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.140	+0.139%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0034%	8h	11.145	+0.184%	$84.9M	$149.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0038%	8h	11.146	+0.193%	$20.0M	$146.6M	50x	as long as short
Gate AVAX_USDT	+0.0045%	8h	11.143	+0.166%	$12.4M	$39.5M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0050%	8h	11.131	+0.058%	$29.8M	$4.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.145	+0.184%	$889K	$8.1M	50x	as long as short
MEXC AVAX_USDT	+0.0063%	8h	11.140	+0.139%	$54.1M	$108.5M	200x	as long as short
Binance AVAXUSDT	+0.0065%	8h	11.143	+0.166%	$119.5M	$540.3M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0094%	8h	11.126	+0.011%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.141	+0.149%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.124	−0.004%	$13K	$697K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.127	+0.027%	$256K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.139	+0.131%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.146	+0.194%	$296K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.147	+0.202%	$15.8M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.139	+0.130%	$34.3M	$61.3M	75x	as long as short
BingX AVAX-USDCshort	+0.0100%	8h	11.141	+0.148%	—	$6.6M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.140	+0.139%	$319K	$550K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.127	+0.024%	$357K	$907K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.130	+0.049%	$179K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.127	+0.022%	$117K	$466K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.145	+0.184%	$200K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.163	+0.343%	$12K	$712K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.135	+0.094%	$19K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.124	long leg	$356K	$1.2M	75x
BloFin AVAX-USDT	+0.0184%	8h	11.136	+0.103%	$5.0M	$8.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.125	+0.003%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0258%	1h	11.144	+0.176%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0362%	1h	11.158	+0.301%	$42.3M	$58.4M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.135	+0.096%	$240K	—	120x	as long as short