Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1474%/8h= +161.4% APRpaid last 24h +0.225%

Price spread now: HTX against Injective+0.805%65s7-day average +0.226% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1661.664% of the position

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.440%+$44 on $10k

Price spread, last 4 days (all we have)−1.737%−$174 · spread now +0.805%, 7d avg +0.226%

Together, before fees−1.296%−$130 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$44 a day on $10k at the current rate, and HTX is 0.579% dearer against Injective than usual: you sell high and buy low: +$58 more if the spread goes back to its 7-day average of +0.226%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.440% in total (about 23.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AVAX/USDC PERP	11.080	−0.1374	get 0.0172% / 1h	31m 43s	$17K	$151K	12x
Short	HTX AVAX-USDT	11.169	0.0100	get 0.0100% / 8h	5h 31m	$366K	$869K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now +0.805%Rate

Funding earned: $309.58
Price spread: +0.805% → +0.226%: $57.89
Slippage, 4 orders: −$154.4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: $201.05
Costs to cover: 1.664%
Break-even: 2.5 days

Slippage from Injective: live order book, 32 min ago; HTX: live order book, 37 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 Injective live order book, 32 min ago	31.40 bp	52.9 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 37 min ago	34.99 bp	41.1 bp −$41	87.0 bp −$870	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 PERPlong	−0.1374%	1h	11.080	long leg	$17K	$151K	12x
Nado AVAX-PERP	−0.0081%	1h	11.172	+0.830%	$287K	$448K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.164	+0.758%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.174	+0.847%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.170	+0.810%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.169	+0.807%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.171	+0.826%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.172	+0.830%	$15K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.177	+0.872%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.177	+0.872%	$2.3M	$1.2M	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	11.176	+0.865%	$291K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.172	+0.830%	$119.2M	$433.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.174	+0.848%	$88.9M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.178	+0.884%	$20.2M	$117.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.172	+0.830%	$12.2M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.172	+0.830%	$48.0M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.174	+0.848%	$15.7M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.169	+0.803%	$33.5M	$48.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.170	+0.812%	—	$81.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.163	+0.749%	$357K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.138	+0.526%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.139	+0.534%	$357K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.136	+0.505%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.174	+0.848%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.173	+0.839%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.201	+1.089%	$12K	$700K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.165	+0.767%	$19K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	11.169	+0.805%	$366K	$869K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.167	+0.785%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.169	+0.802%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.161	+0.731%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.174	+0.848%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.185	+0.948%	$902K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.168	+0.791%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.168	+0.797%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0485%	1h	11.189	+0.984%	$43.5M	$43.1M	10x	as long as short