Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: MEXC against HTX+0.127%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$870.865% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.127%, 7d avg +0.022%

Together, before fees−0.087%−$9 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: MEXC is 0.105% dearer against HTX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	10.668	0.0100	pay 0.0100% / 8h	1h 35m	$335K	$872K	75x
Short	MEXC AVAX_USDT	10.682	0.0100	get 0.0100% / 8h	1h 35m	$45.3M	$80.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.127%Rate

Funding earned: $0
Price spread: +0.127% → +0.022%: $10.51
Slippage, 4 orders: −$74.51
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$76
Costs to cover: 0.865%
Break-even: never at this rate

Slippage from HTX: live order book, 13 min ago; MEXC: 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, 13 min ago	29.13 bp	35.1 bp −$35	99.9 bp −$999	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.47 bp	0.5 bp $0	4.1 bp −$41	38.0 bp −$3,804	89.6 bp −$44.8K

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
Nado AVAX-PERP	−0.0169%	1h	10.681	+0.118%	$285K	$339K	10x	as long as short
Variational Omni AVAX	−0.0045%	8h	10.676	+0.068%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.682	+0.125%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.677	+0.081%	$4.8M	$7.2M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.677	+0.084%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0029%	8h	10.676	+0.071%	$12.7M	$32.2M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.859%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0089%	8h	10.689	+0.192%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0092%	8h	10.679	+0.099%	$81.0M	$146.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.676	+0.071%	$1.2M	$2.5M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.679	+0.099%	$22K	$428K	50x	as long as short
SoDEX AVAX-USD	+0.0097%	1h	10.676	+0.071%	$18K	$72K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.685	+0.156%	$37.3M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.684	+0.149%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.693	+0.234%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.682	+0.128%	$113.4M	$425.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.680	+0.109%	$18.7M	$112.3M	50x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	10.682	+0.127%	$45.3M	$80.6M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.678	+0.090%	$13.6M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.682	+0.127%	$32.3M	$48.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.679	+0.099%	—	$54.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.679	+0.099%	$435K	$565K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.699	+0.292%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.704	+0.334%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.677	+0.081%	$135K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.682	+0.127%	$230K	$346K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.705	+0.339%	$11K	$765K	20x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	10.668	long leg	$335K	$872K	75x
Phemex AVAXUSDT	+0.0100%	8h	10.678	+0.090%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.672	+0.037%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.675	+0.062%	$245K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.682	+0.124%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.694	+0.240%	$930K	$5.0M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.690	+0.202%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.669	+0.009%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.678	+0.090%	$226K	—	120x	as long as short