Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.010%

Price spread now: Coinbase International against HTX+0.067%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1081.080% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 on $10k

Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.067%, 7d avg +0.076%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.076%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.128%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	11.241	0.0100	pay 0.0100% / 8h	2h 34m	$360K	$1.1M	75x
Short	Coinbase International AVAX-PERP-INTX	11.248	0.0056	get 0.0007% / 1h	34m 33s	$913K	$8.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$9.24
Price spread: +0.067% → +0.076%: −$0.9
Slippage, 4 orders: −$86.05
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$118.19
Costs to cover: 1.080%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Coinbase International: live order book, 5 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, 4 min ago	25.90 bp	52.9 bp −$53	120.8 bp −$1,208	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.68 bp	11.5 bp −$12	19.8 bp −$198	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
Variational Omni AVAX	−0.0155%	8h	11.233	−0.066%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0110%	1h	11.234	−0.058%	$297K	$956K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.235	−0.049%	$5.3M	$9.4M	25x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.250%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0008%	1h	11.235	−0.052%	$669K	$2.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.235	−0.051%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.234	−0.060%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0051%	8h	11.238	−0.022%	$12.6M	$39.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0055%	8h	11.234	−0.058%	$20.0M	$147.7M	50x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0056%	1h	11.248	+0.067%	$913K	$8.2M	50x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0058%	8h	11.231	−0.085%	$30.1M	$4.8M	50x	as long as short
Bybit AVAXUSDT	+0.0073%	8h	11.237	−0.031%	$86.6M	$152.3M	75x	as long as short
MEXC AVAX_USDT	+0.0073%	8h	11.235	−0.049%	$53.4M	$109.1M	200x	as long as short
Binance AVAXUSDT	+0.0075%	8h	11.234	−0.058%	$120.6M	$537.5M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.234	−0.055%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.238	−0.025%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.234	−0.058%	$9K	$701K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.235	−0.053%	$258K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.241	+0.004%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.239	−0.011%	$299K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.238	−0.022%	$16.1M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.235	−0.049%	$34.5M	$61.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.235	−0.049%	—	$90.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.233	−0.067%	$333K	$560K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.243	+0.024%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.252	+0.102%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.238	−0.022%	$130K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.241	+0.004%	$202K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.271	+0.276%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.233	−0.067%	$19K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.241	long leg	$360K	$1.1M	75x
BloFin AVAX-USDT	+0.0193%	8h	11.234	−0.058%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.234	−0.055%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.243	+0.024%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.232	−0.072%	$242K	—	120x	as long as short
Hyperliquid AVAX	+0.0490%	1h	11.252	+0.102%	$43.4M	$58.4M	10x	as long as short