Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.009%

Price spread now: Lighter against HTX−0.022%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$800.795% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.192%−$19 on $10k

Price spread, last 3 days (all we have)+0.096%+$10 · spread now −0.022%, 7d avg −0.011%

Together, before fees−0.096%+ Points / potential airdropLighter: Season 3 · farm board−$10 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	11.259	0.0100	pay 0.0100% / 8h	1h 37m	$363K	$1.1M	75x
Short	Lighter AVAX	11.257	0.0096	get 0.0012% / 1h	37m 01s	$1.2M	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$0.84
Price spread: −0.022% → −0.011%: −$1.14
Slippage, 4 orders: −$67.5
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$81.48
Costs to cover: 0.795%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Lighter: live order book, 5 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	25.03 bp	42.7 bp −$43	120.1 bp −$1,201	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	2.22 bp	3.2 bp −$3	9.3 bp −$93	82.9 bp −$8,295	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	11.220	−0.351%	$17K	$151K	12x	as long as short
Variational Omni AVAX	−0.0031%	8h	11.242	−0.154%	$3.0M	$2.4M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0016%	1h	11.254	−0.049%	$5.3M	$9.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.265	+0.048%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.258	−0.013%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0008%	1h	11.260	+0.004%	$297K	$896K	10x	as long as short
Lighter AVAXshort	+0.0096%	1h	11.257	−0.022%	$1.2M	$3.3M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.258	−0.013%	$16K	$694K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.259	−0.004%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.262	+0.022%	$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	11.264	+0.043%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.257	−0.022%	$120.3M	$526.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.257	−0.022%	$87.9M	$156.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.260	+0.004%	$20.3M	$146.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.256	−0.031%	$12.6M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.257	−0.022%	$52.3M	$99.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.263	+0.031%	$16.7M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.258	−0.013%	$34.3M	$60.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.259	−0.004%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.260	+0.004%	$359K	$571K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.254	−0.049%	$359K	$898K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.258	−0.013%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.257	−0.022%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.265	+0.049%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.286	+0.237%	$12K	$729K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.255	−0.040%	$19K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.259	long leg	$363K	$1.1M	75x
Phemex AVAXUSDT	+0.0100%	8h	11.255	−0.040%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.256	−0.034%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.185	−0.657%	$257K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.278	+0.164%	$910K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.256	−0.031%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.253	−0.062%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.259	−0.008%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0575%	1h	11.278	+0.164%	$43.6M	$57.1M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.261	+0.018%	$4.6M	$13.5M	50x	as long as short