Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.049%

Price spread now: Extended against HTX−0.037%55s7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$880.880% of the position

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.037%, 7d avg −0.046%

Together, before fees−0.079%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	11.229	0.0100	pay 0.0100% / 8h	6m 25s	$363K	$1.0M	75x
Short	Extended AVAX-USD	11.224	0.0104	get 0.0013% / 1h	6m 25s	$669K	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0.84
Price spread: −0.037% → −0.046%: $0.89
Slippage, 4 orders: −$70.98
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$86.26
Costs to cover: 0.880%
Break-even: 725.8 days

Slippage from HTX: live order book, 2 min ago; Extended: live order book, 2 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, 2 min ago	24.10 bp	47.8 bp −$48	105.7 bp −$1,057	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.44 bp	5.4 bp −$5	7.1 bp −$71	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	−0.1451%	1h	11.180	−0.432%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.225	−0.031%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0095%	1h	11.233	+0.040%	$296K	$877K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.239	+0.095%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.228	−0.004%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.237	+0.076%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.233	+0.040%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.232	+0.034%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.237	+0.072%	$2.3M	$1.7M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.239	+0.092%	$298K	$118K	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	11.226	−0.020%	$120.3M	$510.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.228	−0.004%	$89.5M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.226	−0.022%	$20.3M	$143.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.234	+0.049%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.231	+0.022%	$50.1M	$93.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.237	+0.076%	$15.7M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.229	+0.004%	$34.2M	$57.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.229	+0.004%	—	$86.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.237	+0.076%	$359K	$564K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.226	−0.022%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.224	−0.038%	$351K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.227	−0.013%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.235	+0.058%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.237	+0.076%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.257	+0.252%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.229	+0.004%	$19K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.229	long leg	$363K	$1.0M	75x
Phemex AVAXUSDT	+0.0100%	8h	11.231	+0.022%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.224	−0.037%	$669K	$2.1M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.224	−0.040%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.227	−0.013%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.226	−0.018%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.235	+0.055%	$4.6M	$13.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.259	+0.272%	$917K	$7.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0432% / S −0.0254%	1h	11.227	−0.009%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0770%	1h	11.249	+0.183%	$43.9M	$55.0M	10x	as long as short