Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0155%/8h= −17.0% APRpaid last 24h +0.014%

Price spread now: HTX against Kraken Futures+0.045%7-day average −0.067% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$1031.027% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 3 days (all we have)−0.055%−$5 · spread now +0.045%, 7d avg −0.067%

Together, before fees+0.064%+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.112% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.067%): +$11 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.119%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	11.083	0.0255	pay 0.0032% / 1h	40m 43s	$4.3M	$12.2M	50x
Short	HTX AVAX-USDT	11.088	0.0100	get 0.0100% / 8h	6h 40m	$360K	$939K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Kraken Futures. 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 Kraken FuturesbpFee HTXbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$32.64
Price spread: +0.045% → −0.067%: $11.23
Slippage, 4 orders: −$80.67
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$124.08
Costs to cover: 1.027%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; HTX: live order book, 33 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 Kraken Futures live order book, 3 min ago	4.05 bp	11.6 bp −$12	13.1 bp −$131	48.0 bp −$4,797	doesn't fit
Sell HTX live order book, 33 min ago	11.76 bp	36.3 bp −$36	102.8 bp −$1,028	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	11.050	−0.302%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0111%	1h	11.078	−0.050%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0039%	1h	11.082	−0.013%	$288K	$523K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.054	−0.263%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.082	−0.009%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0058%	8h	11.076	−0.068%	$12.1M	$36.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.049	−0.314%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.086	+0.023%	$17K	$596K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.088	+0.037%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.080	−0.028%	$2.3M	$1.4M	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	11.054	−0.268%	$293K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.048	−0.321%	$117.8M	$470.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.049	−0.311%	$88.0M	$145.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.048	−0.320%	$19.7M	$125.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.075	−0.077%	$48.8M	$82.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.081	−0.023%	$15.4M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.053	−0.275%	$33.3M	$52.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.070	−0.122%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.081	−0.023%	$354K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.080	−0.034%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.085	+0.014%	$352K	$807K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.118	+0.311%	$179K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.091	+0.068%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.087	+0.032%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.111	+0.251%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.081	−0.023%	$18K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	11.088	+0.045%	$360K	$939K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.081	−0.023%	$29.6M	$5.4M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.070	−0.124%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.080	−0.033%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.117	+0.302%	$5.0M	$6.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.081	−0.019%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0255%	1h	11.083	long leg	$4.3M	$12.2M	50x
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.085	+0.014%	$905K	$6.0M	50x	as long as short
Hyperliquid AVAX	+0.0418%	1h	11.084	+0.005%	$43.2M	$48.1M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.083	−0.006%	$235K	—	120x	as long as short