Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0114%/8h= +12.5% APRpaid last 24h −0.021%

Price spread now: Kraken Futures against HTX−0.026%7-day average +0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1021.019% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now −0.026%, 7d avg +0.067%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.093% cheaper against HTX than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.067%). If the spread goes back, that is −$9 on $10k: about 2.7 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	11.230	0.0100	pay 0.0100% / 8h	7h 57m	$363K	$1.0M	75x
Short	Kraken Futures PF_AVAXUSD	11.228	0.0214	get 0.0027% / 1h	57m 51s	$4.6M	$12.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.026%Rate

Funding earned: $23.99
Price spread: −0.026% → +0.067%: −$9.32
Slippage, 4 orders: −$79.93
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$87.25
Costs to cover: 1.019%
Break-even: 32.5 days

Slippage from HTX: live order book, 1 min ago; Kraken Futures: live order book, 1 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, 1 min ago	27.31 bp	44.9 bp −$45	119.1 bp −$1,191	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	2.23 bp	10.4 bp −$10	15.1 bp −$151	46.3 bp −$4,628	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	−0.1363%	1h	11.180	−0.450%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.219	−0.102%	$5.3M	$8.9M	25x	as long as short
Gate AVAX_USDT	−0.0079%	8h	11.219	−0.102%	$12.5M	$37.3M	75x	as long as short
Nado AVAX-PERP	−0.0069%	1h	11.232	+0.009%	$295K	$878K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.223	−0.071%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.226	−0.040%	$13K	—	150x	as long as short
Phemex AVAXUSDT	+0.0024%	8h	11.218	−0.111%	$30.2M	$4.9M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.222	−0.077%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.232	+0.013%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.232	+0.014%	$13K	$766	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.225	−0.045%	$2.3M	$1.7M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.226	−0.039%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.218	−0.111%	$120.2M	$510.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.217	−0.120%	$89.4M	$154.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.218	−0.111%	$20.3M	$142.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.220	−0.093%	$49.9M	$87.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.222	−0.076%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.218	−0.111%	$34.2M	$57.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.216	−0.129%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.223	−0.067%	$359K	$564K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.228	−0.022%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.230	−0.007%	$362K	$873K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.234	+0.031%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.230	−0.004%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.229	−0.013%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.256	+0.228%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.221	−0.085%	$19K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.230	long leg	$363K	$1.0M	75x
Extended AVAX-USD	+0.0104%	1h	11.215	−0.134%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.223	−0.065%	$258K	—	3x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0214%	1h	11.228	−0.026%	$4.6M	$12.9M	50x
BloFin AVAX-USDT	+0.0220%	8h	11.225	−0.049%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.224	−0.054%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.237	+0.058%	$917K	$7.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0435% / S −0.0258%	1h	11.225	−0.045%	$251K	—	120x	as long as short
Hyperliquid AVAX	+0.0661%	1h	11.239	+0.076%	$43.8M	$55.0M	10x	as long as short