Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: HTX against KuCoin−0.271%51s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as 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−$1151.146% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 3 days (all we have)+0.124%+$12 · spread now −0.271%, 7d avg −0.018%

Together, before fees+0.237%+$24 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: HTX is 0.254% cheaper against KuCoin than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	11.244	0.0100	pay 0.0100% / 8h	1h 04m	$15.9M	$24.5M	75x
Short	HTX AVAX-USDT	11.213	0.0100	get 0.0100% / 8h	1h 04m	$362K	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. 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 KuCoinbpFee HTXbpOrdersPrice spread, now −0.271%Rate

Funding earned: $0
Price spread: −0.271% → −0.018%: −$25.37
Slippage, 4 orders: −$90.61
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$139.98
Costs to cover: 1.146%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; HTX: live order book, 4 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 KuCoin live order book, 5 min ago	0.44 bp	17.1 bp −$17	32.3 bp −$323	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	19.34 bp	51.5 bp −$52	104.0 bp −$1,040	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	−0.0570%	1h	11.170	−0.658%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0195%	1h	11.226	−0.160%	$5.3M	$9.1M	25x	as long as short
Nado AVAX-PERP	−0.0046%	1h	11.237	−0.062%	$296K	$892K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.237	−0.060%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.237	−0.063%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0027%	8h	11.231	−0.116%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.241	−0.030%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.241	−0.027%	$17K	$686K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.238	−0.054%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.237	−0.061%	$2.3M	$1.8M	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	11.241	−0.030%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.237	−0.066%	$120.3M	$524.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.235	−0.080%	$89.3M	$157.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.235	−0.080%	$20.2M	$146.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.237	−0.062%	$12.5M	$40.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.238	−0.053%	$51.2M	$100.4M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	11.244	long leg	$15.9M	$24.5M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.235	−0.080%	$34.2M	$59.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.235	−0.080%	—	$88.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.231	−0.116%	$359K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.242	−0.022%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.238	−0.053%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.239	−0.044%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.244	0.000%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.254	+0.085%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.227	−0.151%	$19K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	11.213	−0.271%	$362K	$1.1M	75x
Phemex AVAXUSDT	+0.0100%	8h	11.228	−0.142%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.236	−0.073%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.237	−0.063%	$258K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.238	−0.053%	$910K	$8.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.227	−0.151%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.234	−0.093%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0412% / S −0.0261%	1h	11.236	−0.071%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0581%	1h	11.250	+0.053%	$43.5M	$56.6M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0629%	1h	11.236	−0.073%	$4.6M	$13.5M	50x	as long as short