Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.003%

Price spread now: HTX against Popdex−0.004%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$870.873% of the position

Long on Popdex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 3 days (all we have)−0.112%−$11 · spread now −0.004%, 7d avg −0.032%

Together, before fees−0.099%−$10 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 0.027% dearer against Popdex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	11.129	0.0096	pay 0.0012% / 1h	33m 13s	$18K	$627K	50x
Short	HTX AVAX-USDT	11.129	0.0100	get 0.0100% / 8h	7h 33m	$360K	$951K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Popdex. 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 PopdexbpFee HTXbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0.84
Price spread: −0.004% → −0.032%: $2.73
Slippage, 4 orders: −$68.91
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$83.74
Costs to cover: 0.873%
Break-even: 704.8 days

Slippage from Popdex: live order book, 41 min ago; HTX: live order book, 25 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 Popdex live order book, 41 min ago	0.45 bp	4.5 bp −$4	8.3 bp −$83	doesn't fit	doesn't fit
Sell HTX live order book, 25 min ago	27.31 bp	33.4 bp −$33	82.1 bp −$821	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	−0.1363%	1h	11.090	−0.350%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.125	−0.036%	$5.3M	$8.6M	25x	as long as short
Nado AVAX-PERP	−0.0054%	1h	11.126	−0.027%	$292K	$831K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.128	−0.009%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.128	−0.011%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.129	−0.004%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDTlong	+0.0096%	1h	11.129	long leg	$18K	$627K	50x
Paradex AVAX-USD-PERP	+0.0100%	8h	11.127	−0.014%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.132	+0.028%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.131	+0.018%	$296K	$106K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.129	+0.001%	$118.4M	$487.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.128	−0.009%	$88.5M	$149.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.126	−0.027%	$19.9M	$134.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.127	−0.018%	$12.1M	$38.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.128	−0.009%	$48.8M	$88.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.131	+0.018%	$15.4M	$23.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.125	−0.036%	$33.7M	$55.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.126	−0.027%	—	$85.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.133	+0.036%	$356K	$558K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.134	+0.043%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.123	−0.054%	$358K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.135	+0.054%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.131	+0.018%	$131K	$376K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.134	+0.045%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.159	+0.270%	$12K	$726K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.129	0.000%	$18K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	11.129	−0.004%	$360K	$951K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.129	0.000%	$29.9M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.125	−0.034%	$667K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.122	−0.064%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.132	+0.027%	$4.3M	$12.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.133	+0.036%	$5.0M	$6.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.126	−0.024%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.140	+0.099%	$905K	$6.9M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.126	−0.029%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0677%	1h	11.148	+0.171%	$43.5M	$51.0M	10x	as long as short