Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against HTX−0.075%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$910.912% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.512%+$51 · spread now −0.075%, 7d avg +0.020%

Together, before fees+0.512%+ Points / potential airdropPacifica: Active · farm board+$51 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: Pacifica is 0.095% cheaper against HTX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	11.113	0.0100	pay 0.0100% / 8h	2h 57m	$355K	$1.2M	75x
Short	Pacifica AVAX	11.104	0.0100	get 0.0013% / 1h	57m 37s	$295K	$122K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → +0.020%: −$9.51
Slippage, 4 orders: −$71.2
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$100.71
Costs to cover: 0.912%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Pacifica: live order book, 30 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	29.17 bp	35.6 bp −$36	112.1 bp −$1,121	doesn't fit	doesn't fit
Sell Pacifica live order book, 30 min ago	1.81 bp	10.7 bp −$11	22.5 bp −$225	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
Deribit AVAX_USDC-PERPETUAL	−0.0290%	1h	11.107	−0.049%	$5.2M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0203%	8h	11.128	+0.136%	$2.9M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0110%	1h	11.104	−0.076%	$18K	$72K	10x	as long as short
Nado AVAX-PERP	−0.0044%	1h	11.110	−0.022%	$298K	$965K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.112%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0040%	1h	11.102	−0.096%	$662K	$2.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.104	−0.072%	$97K	$132K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.120	+0.066%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0009%	8h	11.114	+0.013%	$85.4M	$148.2M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0014%	1h	11.095	−0.157%	$315K	$552K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AVAX-USDT-SWAP	+0.0023%	8h	11.116	+0.031%	$19.8M	$146.9M	50x	as long as short
Gate AVAX_USDT	+0.0043%	8h	11.100	−0.112%	$12.3M	$39.2M	75x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.134	+0.193%	$899K	$8.1M	50x	as long as short
MEXC AVAX_USDT	+0.0060%	8h	11.100	−0.112%	$52.3M	$107.7M	200x	as long as short
Binance AVAXUSDT	+0.0061%	8h	11.112	−0.004%	$119.2M	$541.6M	75x	as long as short
Phemex AVAXUSDT	+0.0064%	8h	11.110	−0.022%	$29.8M	$4.8M	50x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	11.102	−0.099%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.105	−0.070%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.109	−0.031%	$18K	$698K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.107	−0.054%	$255K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.102	−0.094%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	11.104	−0.075%	$295K	$122K	10x
KuCoin AVAXUSDTM	+0.0100%	8h	11.104	−0.076%	$16.1M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.111	−0.013%	$34.3M	$61.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.107	−0.049%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.122	+0.083%	$352K	$892K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.128	+0.139%	$179K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.116	+0.031%	$116K	$476K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.119	+0.058%	$200K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.153	+0.369%	$12K	$709K	20x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.113	long leg	$355K	$1.2M	75x
BloFin AVAX-USDT	+0.0181%	8h	11.117	+0.040%	$5.0M	$8.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.110	−0.025%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0258%	1h	11.115	+0.020%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0336%	1h	11.117	+0.040%	$41.8M	$58.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0407% / S −0.0244%	1h	11.118	+0.050%	$240K	—	120x	as long as short