Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: HTX against MEXC−0.044%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$700.704% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)−0.179%−$18 · spread now −0.044%, 7d avg −0.023%

Together, before fees−0.126%−$13 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 0.021% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	10.892	0.0100	pay 0.0100% / 8h	5h 55m	$53.3M	$69.1M	200x
Short	HTX AVAX-USDT	10.887	0.0100	get 0.0100% / 8h	5h 55m	$327K	$948K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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 MEXCbpFee HTXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.023%: −$2.1
Slippage, 4 orders: −$58.42
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$72.53
Costs to cover: 0.704%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; HTX: live order book, 56 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 MEXC live order book, 1 min ago	0.46 bp	0.5 bp $0	0.5 bp −$5	26.6 bp −$2,655	96.5 bp −$48.2K
Sell HTX live order book, 56 min ago	20.53 bp	26.6 bp −$27	80.0 bp −$800	doesn't fit	doesn't fit

AVAX on 36 exchanges

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
Variational Omni AVAX	−0.0140%	8h	10.876	−0.149%	$3.1M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0105%	1h	10.883	−0.083%	$19K	$68K	10x	as long as short
Gate AVAX_USDT	−0.0101%	8h	10.887	−0.046%	$14.6M	$26.6M	75x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.886	−0.056%	$3.8M	$10.9M	50x	as long as short
Bybit AVAXUSDT	−0.0038%	8h	10.887	−0.046%	$84.9M	$132.2M	75x	as long as short
Phemex AVAXUSDT	−0.0034%	8h	10.880	−0.110%	$29.0M	$5.6M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.896	+0.041%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.884	−0.073%	$5.0M	$6.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.892	+0.003%	$23K	—	150x	as long as short
Nado AVAX-PERP	+0.0012%	1h	10.872	−0.184%	$276K	$300K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.212%	$17K	$151K	12x	as long as short
Lighter AVAX	+0.0096%	1h	10.890	−0.014%	$1.2M	$1.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.890	−0.018%	$23K	$438K	50x	as long as short
OKX AVAX-USDT-SWAP	+0.0098%	8h	10.888	−0.037%	$19.4M	$102.9M	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.887	−0.043%	$12K	$62	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.889	−0.026%	$2.2M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.893	+0.006%	$274K	$122K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.891	−0.009%	$115.1M	$373.5M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	10.892	long leg	$53.3M	$69.1M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.893	+0.009%	$14.3M	$18.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.887	−0.046%	$33.1M	$43.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.888	−0.037%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.887	−0.046%	$440K	$524K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.909	+0.156%	$343K	$1.5M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.913	+0.193%	$175K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.879	−0.119%	$137K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.887	−0.046%	$235K	$217K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.905	+0.117%	$12K	$772K	20x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	10.887	−0.044%	$327K	$948K	75x
Extended AVAX-USD	+0.0104%	1h	10.884	−0.070%	$618K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.884	−0.070%	$250K	—	3x	as long as short
Hyperliquid AVAX	+0.0114%	1h	10.903	+0.101%	$36.2M	$38.1M	10x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.924	+0.294%	$863K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.887	−0.046%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.876	−0.143%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.886	−0.059%	$230K	—	120x	as long as short