Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Pacifica−0.049%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$930.927% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.149%−$15 · spread now −0.049%, 7d avg −0.021%

Together, before fees−0.149%+ Points / potential airdropPacifica: Active · farm board−$15 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 0.028% cheaper against Pacifica than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.275	0.0100	pay 0.0013% / 1h	29m 02s	$300K	$122K	10x
Short	HTX AVAX-USDT	11.270	0.0100	get 0.0100% / 8h	2h 29m	$362K	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.021%: −$2.8
Slippage, 4 orders: −$72.69
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$95.48
Costs to cover: 0.927%
Break-even: never at this rate

Slippage from Pacifica: live order book, 59 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 Pacifica live order book, 59 min ago	1.81 bp	5.8 bp −$6	15.6 bp −$156	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	28.45 bp	34.5 bp −$34	88.8 bp −$888	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
Variational Omni AVAX	−0.0142%	8h	11.251	−0.213%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.276	+0.009%	$5.3M	$9.4M	25x	as long as short
Nado AVAX-PERP	−0.0100%	1h	11.274	−0.011%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.552%	$17K	$127K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.278	+0.025%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.278	+0.025%	$13K	—	150x	as long as short
Extended AVAX-USD	+0.0024%	1h	11.264	−0.096%	$672K	$2.3M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.282	+0.062%	$914K	$8.2M	50x	as long as short
Gate AVAX_USDT	+0.0058%	8h	11.269	−0.053%	$12.6M	$40.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0059%	8h	11.265	−0.089%	$20.0M	$148.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0065%	8h	11.265	−0.089%	$30.2M	$4.8M	50x	as long as short
MEXC AVAX_USDT	+0.0077%	8h	11.266	−0.080%	$55.1M	$109.5M	200x	as long as short
Binance AVAXUSDT	+0.0080%	8h	11.265	−0.086%	$120.8M	$538.0M	75x	as long as short
Bybit AVAXUSDT	+0.0086%	8h	11.269	−0.053%	$88.1M	$153.8M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.268	−0.063%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.272	−0.027%	$9K	$700K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.271	−0.039%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.276	+0.008%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	11.275	long leg	$300K	$122K	10x
KuCoin AVAXUSDTM	+0.0100%	8h	11.280	+0.044%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.267	−0.071%	$34.6M	$61.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.269	−0.053%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.267	−0.071%	$334K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.246	−0.254%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.249	−0.231%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.274	−0.009%	$131K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.284	+0.080%	$203K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.300	+0.218%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.272	−0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	11.270	−0.049%	$362K	$1.1M	75x
Aevo AVAX-PERP	+0.0104%	1h	11.274	−0.013%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0200%	8h	11.263	−0.106%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.269	−0.053%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.281	+0.052%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.276	+0.005%	$243K	—	120x	as long as short
Hyperliquid AVAX	+0.0551%	1h	11.287	+0.106%	$43.7M	$58.5M	10x	as long as short