Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.003%

Price spread now: Popdex against HTX−0.033%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1171.169% of the position

Long on HTX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.033%, 7d avg +0.032%

Together, before fees+0.147%+$15 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: Popdex is 0.066% cheaper against HTX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.032%.

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 20m	$344K	$804K	75x
Short	Popdex AVAXUSDT	10.572	0.0096	get 0.0012% / 1h	20m 03s	$18K	$437K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$0.84
Price spread: −0.033% → +0.032%: −$6.56
Slippage, 4 orders: −$98.49
Fee HTX: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$124.29
Costs to cover: 1.169%
Break-even: never at this rate

Slippage from HTX: live order book, 34 min ago; Popdex: live order book, 29 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 Popdex live order book, 29 min ago	1.89 bp	7.0 bp −$7	21.3 bp −$213	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	10.572	−0.033%	$286K	$340K	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	10.563	−0.118%	$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	+0.0023%	8h	10.588	+0.118%	$12.2M	$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	+0.0069%	8h	10.593	+0.165%	$78.1M	$145.3M	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	10.572	−0.030%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDTshort	+0.0096%	1h	10.572	−0.033%	$18K	$437K	50x
Paradex AVAX-USD-PERP	+0.0096%	8h	10.572	−0.036%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.588	+0.118%	$37.9M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.598	+0.214%	$2.1M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.568	−0.070%	$266K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.598	+0.217%	$112.8M	$431.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.592	+0.156%	$18.6M	$112.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.582	+0.061%	$43.8M	$80.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.573	−0.024%	$13.2M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.598	+0.213%	$32.2M	$49.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.601	+0.241%	—	$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	10.567	−0.080%	$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 AVAXUSDT	+0.0100%	8h	10.572	−0.033%	$28.2M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.566	−0.094%	$633K	$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	10.565	−0.096%	$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