Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0123%/8h= −13.4% APRpaid last 24h −0.143%

Price spread now: Deribit against HTX+0.066%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$1021.022% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.659%−$66 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.066%, 7d avg −0.004%

Together, before fees−0.787%−$79 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.071% dearer against HTX than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of −0.004%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 7 days (−0.659% in total) that is about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	10.990	0.0100	pay 0.0100% / 8h	4h 01m	$366K	$812K	75x
Short	Deribit AVAX_USDC-PERPETUAL	10.997	−0.0023	pay 0.0003% / 1h	1m 12s	$5.1M	$7.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$25.77
Price spread: +0.066% → −0.004%: $7.07
Slippage, 4 orders: −$83.25
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$120.95
Costs to cover: 1.022%
Break-even: never at this rate

Slippage from HTX: live order book, 63 min ago; Deribit: 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, 63 min ago	27.13 bp	44.1 bp −$44	94.3 bp −$943	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	2.73 bp	7.3 bp −$7	17.6 bp −$176	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	−0.1423%	1h	10.950	−0.361%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0023%	1h	10.997	+0.066%	$5.1M	$7.9M	25x
Nado AVAX-PERP	−0.0010%	1h	11.001	+0.098%	$286K	$372K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.996	+0.061%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.997	+0.066%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	10.999	+0.085%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.001	+0.103%	$15K	$549K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.998	+0.077%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.995	+0.051%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.002	+0.111%	$277K	$129K	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	10.999	+0.086%	$115.9M	$430.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.997	+0.066%	$85.0M	$139.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.000	+0.094%	$20.2M	$114.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.999	+0.085%	$12.1M	$34.7M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.999	+0.085%	$46.1M	$78.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.002	+0.112%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.996	+0.057%	$32.9M	$47.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.999	+0.085%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.999	+0.085%	$368K	$549K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.996	+0.053%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.997	+0.066%	$351K	$882K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.999	+0.085%	$177K	$670K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.001	+0.103%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.004	+0.130%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.029	+0.359%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.998	+0.076%	$18K	$71K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	10.990	long leg	$366K	$812K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.002	+0.112%	$29.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.993	+0.033%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.993	+0.030%	$253K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.000	+0.096%	$4.2M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.000	+0.094%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.001	+0.103%	$891K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.994	+0.037%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.997	+0.070%	$233K	—	120x	as long as short
Hyperliquid AVAX	+0.0464%	1h	11.014	+0.218%	$42.7M	$41.9M	10x	as long as short