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 −0.048%

Price spread now: Orderly against HTX+0.058%7-day average +0.058% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now +0.058%, 7d avg +0.058%

Together, before fees−0.087%−$9 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	11.252	0.0100	pay 0.0100% / 8h	1h 42m	$363K	$1.1M	75x
Short	Orderly PERP_AVAX_USDC	11.259	0.0100	get 0.0100% / 8h	1h 42m	$202K	$301K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → +0.058%: −$0.06
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$18.06
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 1 min ago; Orderly: no order-book sample. Net counts fees only.

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	29.29 bp	39.3 bp −$39	120.6 bp −$1,206	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	11.190	−0.555%	$17K	$151K	12x	as long as short
Variational Omni AVAX	−0.0033%	8h	11.187	−0.578%	$2.9M	$2.4M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0017%	1h	11.251	−0.013%	$5.3M	$9.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.249	−0.033%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.252	−0.004%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0015%	1h	11.242	−0.089%	$297K	$899K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.250	−0.022%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.245	−0.067%	$15K	$695K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.245	−0.068%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.251	−0.013%	$2.3M	$1.9M	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	11.254	+0.010%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.246	−0.056%	$120.4M	$527.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.243	−0.084%	$88.0M	$157.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.243	−0.084%	$20.2M	$146.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.256	+0.031%	$12.6M	$40.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.249	−0.031%	$52.2M	$99.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.261	+0.076%	$16.2M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.243	−0.084%	$34.2M	$60.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.248	−0.040%	—	$89.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.257	+0.040%	$359K	$578K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.227	−0.230%	$355K	$886K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.230	−0.200%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.250	−0.022%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.259	+0.058%	$202K	$301K	20x
SunX AVAX-USDT	+0.0100%	8h	11.283	+0.274%	$12K	$729K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.254	+0.013%	$19K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.252	long leg	$363K	$1.1M	75x
Phemex AVAXUSDT	+0.0100%	8h	11.257	+0.040%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.244	−0.075%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.252	−0.005%	$258K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.254	+0.013%	$907K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.256	+0.031%	$5.1M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.247	−0.052%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.251	−0.015%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0530%	1h	11.275	+0.200%	$43.6M	$57.9M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.261	+0.079%	$4.6M	$13.6M	50x	as long as short