Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.029%

Price spread now: dYdX against HTX−0.035%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$348as in the Funding arb table

Net, price: spread back to 7d avg − costs−$332as in the Price arb table

costs, in and out, $10k−$3273.273% of the position

Long on HTX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 3 days (all we have)+0.470%+$47 · spread now −0.035%, 7d avg +0.011%

Together, before fees+0.261%+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.046% cheaper against HTX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	11.079	0.0100	pay 0.0100% / 8h	3h 25m	$355K	$1.2M	75x
Short	dYdX AVAX-USD	11.075	0	get 0.0000% / 1h	25m 44s	$97K	$146K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$21
Price spread: −0.035% → +0.011%: −$4.62
Slippage, 4 orders: −$305.31
Fee HTX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$352.93
Costs to cover: 3.273%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; dYdX: 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, 3 min ago	24.49 bp	37.3 bp −$37	106.8 bp −$1,068	doesn't fit	doesn't fit
Sell dYdX live order book, 3 min ago	122.70 bp	127.7 bp −$128	127.7 bp −$1,277	129.2 bp −$12.9K	190.8 bp −$95.4K

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	−0.0226%	8h	11.049	−0.263%	$2.8M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0201%	1h	11.080	+0.014%	$5.2M	$9.4M	25x	as long as short
Nado AVAX-PERP	−0.0200%	1h	11.081	+0.020%	$298K	$967K	10x	as long as short
Bybit AVAXUSDT	−0.0014%	8h	11.063	−0.140%	$86.5M	$147.2M	75x	as long as short
OKX AVAX-USDT-SWAP	−0.0011%	8h	11.065	−0.122%	$19.6M	$146.6M	50x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	11.075	−0.035%	$97K	$146K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.086	+0.068%	$13K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0012%	1h	11.000	−0.709%	$17K	$103K	12x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0016%	1h	11.054	−0.221%	$821K	$8.0M	50x	as long as short
Extended AVAX-USD	+0.0024%	1h	11.064	−0.131%	$651K	$2.2M	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AVAX_USDT	+0.0028%	8h	11.067	−0.104%	$12.2M	$40.2M	75x	as long as short
SoDEX AVAX-USD	+0.0040%	1h	11.077	−0.014%	$18K	$72K	10x	as long as short
MEXC AVAX_USDT	+0.0052%	8h	11.068	−0.095%	$51.1M	$112.6M	200x	as long as short
Binance AVAXUSDT	+0.0054%	8h	11.065	−0.123%	$118.3M	$543.2M	75x	as long as short
Phemex AVAXUSDT	+0.0066%	8h	11.078	−0.005%	$29.7M	$4.8M	50x	as long as short
Backpack AVAX_USDC_PERP	+0.0078%	1h	11.079	+0.005%	$314K	$553K	15x	as long as short
BingX AVAX-USDC	+0.0080%	8h	11.066	−0.113%	—	$6.5M	—	as long as short
Bitget AVAXUSDT	+0.0083%	8h	11.065	−0.122%	$34.3M	$62.9M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	11.079	+0.008%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.061	−0.155%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.081	+0.023%	$17K	$711K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.084	+0.051%	$255K	—	3x	as long as short
Aster AVAXUSDT	+0.0098%	8h	11.066	−0.112%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.077	−0.014%	$299K	$118K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.072	−0.059%	$15.9M	$24.9M	75x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.040	−0.347%	$358K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.038	−0.366%	$178K	$703K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.086	+0.068%	$115K	$489K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.089	+0.095%	$214K	$287K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.113	+0.311%	$12K	$703K	20x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.079	long leg	$355K	$1.2M	75x
BloFin AVAX-USDT	+0.0172%	8h	11.066	−0.113%	$4.9M	$8.9M	100x	as long as short
Kraken Futures PF_AVAXUSD	+0.0238%	1h	11.088	+0.082%	$4.6M	$13.6M	50x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.080	+0.015%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0409% / S −0.0244%	1h	11.084	+0.051%	$239K	—	120x	as long as short
Hyperliquid AVAX	+0.0453%	1h	11.083	+0.041%	$41.6M	$58.8M	10x	as long as short