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 −0.008%

Price spread now: Phemex against HTX−0.033%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1321.325% of the position

Long on HTX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.033%, 7d avg +0.043%

Together, before fees−0.027%−$3 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: Phemex is 0.076% cheaper against HTX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	10.575	0.0100	pay 0.0100% / 8h	2h 19m	$344K	$804K	75x
Short	Phemex AVAXUSDT	10.572	0.0100	get 0.0100% / 8h	2h 19m	$28.2M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.043%: −$7.56
Slippage, 4 orders: −$108.48
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$140.04
Costs to cover: 1.325%
Break-even: never at this rate

Slippage from HTX: live order book, 34 min ago; Phemex: 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, 34 min ago	24.18 bp	55.3 bp −$55	162.5 bp −$1,625	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	2.85 bp	17.6 bp −$18	24.8 bp −$248	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
Injective AVAX/USDC PERP	−0.1423%	1h	10.760	+1.745%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0282%	1h	10.576	+0.004%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0054%	1h	10.617	+0.388%	$285K	$342K	10x	as long as short
Variational Omni AVAX	−0.0027%	8h	10.535	−0.386%	$2.7M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.599	+0.223%	$88K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.572	−0.033%	$4.7M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.570	−0.050%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0019%	8h	10.603	+0.260%	$12.3M	$32.8M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0034%	1h	10.588	+0.118%	$369K	$563K	15x	as long as short
Bybit AVAXUSDT	+0.0066%	8h	10.609	+0.317%	$78.2M	$145.2M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.596	+0.195%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.619	+0.411%	$18K	$437K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.599	+0.218%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.623	+0.450%	$38.0M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.612	+0.341%	$2.1M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.601	+0.242%	$265K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.617	+0.395%	$113.0M	$431.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.609	+0.317%	$18.7M	$112.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.609	+0.317%	$43.9M	$80.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.594	+0.175%	$13.2M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.611	+0.336%	$32.1M	$49.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.611	+0.336%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.527	−0.458%	$337K	$978K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.532	−0.411%	$170K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.618	+0.402%	$132K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.575	−0.005%	$172K	$304K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.607	+0.294%	$12K	$758K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.573	−0.024%	$17K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	10.575	long leg	$344K	$804K	75x
Phemex AVAXUSDTshort	+0.0100%	8h	10.572	−0.033%	$28.2M	$5.8M	50x
Extended AVAX-USD	+0.0104%	1h	10.608	+0.312%	$636K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.566	−0.085%	$243K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.549	−0.251%	$836K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.545	−0.288%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.611	+0.334%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.569	−0.057%	$231K	—	120x	as long as short