Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.009%

Price spread now: HTX against Lighter+0.020%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$890.894% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.192%+$19 on $10k

Price spread, last 3 days (all we have)−0.095%−$9 · spread now +0.020%, 7d avg +0.011%

Together, before fees+0.098%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	11.264	0.0096	pay 0.0012% / 1h	18m 39s	$1.2M	$3.3M	10x
Short	HTX AVAX-USDT	11.266	0.0100	get 0.0100% / 8h	1h 18m	$364K	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Lighter. 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 LighterbpFee HTXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0.84
Price spread: +0.020% → +0.011%: $0.96
Slippage, 4 orders: −$77.44
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$87.64
Costs to cover: 0.894%
Break-even: 737.3 days

Slippage from Lighter: live order book, 4 min ago; HTX: 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 Lighter live order book, 4 min ago	2.39 bp	2.9 bp −$3	9.3 bp −$93	73.8 bp −$7,380	doesn't fit
Sell HTX live order book, 5 min ago	35.58 bp	41.6 bp −$42	102.1 bp −$1,021	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	11.250	−0.125%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.270	+0.052%	$5.4M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0038%	1h	11.277	+0.119%	$297K	$895K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.267	+0.024%	$104K	$112K	10x	as long as short
Variational Omni AVAX	+0.0001%	8h	11.275	+0.098%	$3.0M	$2.4M	—	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.279	+0.131%	$16K	—	150x	as long as short
Lighter AVAXlong	+0.0096%	1h	11.264	long leg	$1.2M	$3.3M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.262	−0.019%	$18K	$683K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.263	−0.014%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.265	+0.010%	$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	11.267	+0.024%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.264	−0.001%	$120.5M	$525.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.263	−0.010%	$89.2M	$157.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.265	+0.008%	$20.3M	$146.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.262	−0.019%	$12.4M	$40.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.264	−0.001%	$52.1M	$100.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.267	+0.026%	$16.1M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.260	−0.036%	$34.2M	$60.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.263	−0.010%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.273	+0.079%	$361K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.279	+0.132%	$360K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.290	+0.230%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.282	+0.159%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.281	+0.150%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.308	+0.387%	$12K	$732K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.271	+0.061%	$19K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	11.266	+0.020%	$364K	$1.1M	75x
Phemex AVAXUSDT	+0.0100%	8h	11.272	+0.070%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.261	−0.025%	$672K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.273	+0.080%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.295	+0.274%	$912K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.270	+0.052%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.278	+0.120%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0407% / S −0.0253%	1h	11.278	+0.126%	$238K	—	120x	as long as short
Hyperliquid AVAX	+0.0624%	1h	11.279	+0.132%	$43.6M	$56.8M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0627%	1h	11.280	+0.141%	$4.6M	$13.5M	50x	as long as short