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 −0.020%

Price spread now: GRVT against HTX+0.356%77s7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as 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−$880.876% of the position

Long on HTX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 3 days (all we have)−0.279%−$28 · spread now +0.356%, 7d avg +0.027%

Together, before fees−0.312%+ Points / potential airdropGRVT: Active · farm board−$31 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: GRVT is 0.328% dearer against HTX than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of +0.027%. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	11.220	0.0100	pay 0.0100% / 8h	1h 11m	$363K	$1.1M	75x
Short	GRVT AVAX_USDT_Perp	11.260	0.0100	get 0.0100% / 8h	1h 11m	$360K	$877K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.356%Rate

Funding earned: $0
Price spread: +0.356% → +0.027%: $32.83
Slippage, 4 orders: −$66.65
Fee HTX: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$54.82
Costs to cover: 0.876%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; GRVT: live order book, 6 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	28.17 bp	34.4 bp −$34	119.5 bp −$1,195	doesn't fit	doesn't fit
Sell GRVT live order book, 6 min ago	1.78 bp	10.9 bp −$11	19.2 bp −$192	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	−0.0570%	1h	11.210	−0.090%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0195%	1h	11.230	+0.088%	$5.3M	$9.1M	25x	as long as short
Nado AVAX-PERP	−0.0041%	1h	11.245	+0.222%	$297K	$893K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.225	+0.046%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.244	+0.211%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0009%	8h	11.260	+0.356%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.225	+0.044%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.245	+0.222%	$18K	$686K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.223	+0.026%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.226	+0.056%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.226	+0.056%	$298K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.222	+0.021%	$120.2M	$524.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.221	+0.008%	$88.9M	$157.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.222	+0.017%	$20.2M	$146.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.225	+0.044%	$12.4M	$40.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.223	+0.026%	$51.4M	$100.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.229	+0.079%	$16.0M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.223	+0.026%	$34.1M	$59.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.222	+0.017%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.230	+0.088%	$359K	$568K	15x	as long as short
GRVT AVAX_USDT_Perpshort	+0.0100%	8h	11.260	+0.356%	$360K	$877K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.263	+0.382%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.251	+0.275%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.242	+0.195%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.276	+0.496%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.233	+0.115%	$19K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.220	long leg	$363K	$1.1M	75x
Phemex AVAXUSDT	+0.0100%	8h	11.233	+0.115%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.223	+0.028%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.229	+0.084%	$258K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.258	+0.338%	$910K	$8.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.245	+0.222%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.244	+0.209%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0410% / S −0.0257%	1h	11.240	+0.175%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0601%	1h	11.236	+0.142%	$43.4M	$56.8M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0629%	1h	11.238	+0.156%	$4.6M	$13.5M	50x	as long as short