AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0130%/8h= +14.2% APRnext payment +$1.30 per $10,000 · paid last 24h +0.008%

Price spread now: HTX against Phemex−0.005%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$980.976% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.005%, 7d avg −0.042%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and HTX is 0.038% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVAXUSDT	10.889	−0.0030	get 0.0030% / 8h	5h 57m	$29.0M	$5.6M	50x
Short	HTX AVAX-USDT	10.889	0.0100	get 0.0100% / 8h	5h 57m	$327K	$948K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now −0.005%Rate

Funding earned: $27.31
Price spread: −0.005% → −0.042%: $3.78
Slippage, 4 orders: −$73.64
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$66.54
Costs to cover: 0.976%
Break-even: 24.1 days

Slippage from Phemex: live order book, 5 min ago; HTX: live order book, 54 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 Phemex live order book, 5 min ago	1.38 bp	13.1 bp −$13	22.0 bp −$220	doesn't fit	doesn't fit
Sell HTX live order book, 54 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	−0.0139%	8h	10.909	+0.183%	$3.1M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0107%	1h	10.888	−0.009%	$19K	$68K	10x	as long as short
Gate AVAX_USDT	−0.0104%	8h	10.890	+0.009%	$14.5M	$26.6M	75x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.893	+0.039%	$3.8M	$11.0M	50x	as long as short
Bybit AVAXUSDT	−0.0036%	8h	10.885	−0.037%	$84.9M	$132.6M	75x	as long as short
Phemex AVAXUSDTlong	−0.0030%	8h	10.889	long leg	$29.0M	$5.6M	50x
dYdX AVAX-USD	0.0000%	1h	10.896	+0.068%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.892	+0.028%	$5.0M	$6.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.892	+0.030%	$23K	—	150x	as long as short
Nado AVAX-PERP	+0.0025%	1h	10.891	+0.018%	$277K	$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	−1.185%	$17K	$151K	12x	as long as short
Lighter AVAX	+0.0096%	1h	10.891	+0.017%	$1.2M	$1.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.888	−0.009%	$23K	$441K	50x	as long as short
OKX AVAX-USDT-SWAP	+0.0099%	8h	10.884	−0.046%	$19.4M	$103.0M	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.892	+0.026%	$12K	$62	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.904	+0.138%	$36.2M	$38.1M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.892	+0.028%	$2.2M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.895	+0.055%	$274K	$122K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.889	0.000%	$115.1M	$374.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.888	−0.009%	$53.7M	$69.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.892	+0.028%	$14.3M	$18.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.886	−0.028%	$33.1M	$43.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.889	0.000%	—	$52.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.899	+0.092%	$440K	$527K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.909	+0.183%	$343K	$1.5M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.913	+0.220%	$175K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.889	0.000%	$137K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.896	+0.064%	$236K	$217K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.918	+0.264%	$12K	$773K	20x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	10.889	−0.005%	$327K	$948K	75x
Extended AVAX-USD	+0.0104%	1h	10.883	−0.056%	$618K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.894	+0.043%	$250K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.924	+0.321%	$863K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.887	−0.018%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.884	−0.043%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.893	+0.033%	$230K	—	120x	as long as short