Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0100%/8hpaid last 24h +0.029%

Price spread now: HTX against dYdX−0.087%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$257as in the Price arb table

costs, in and out, $10k−$2492.488% of the position

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.087%, 7d avg −0.005%

Together, before fees+0.267%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.082% cheaper against dYdX than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.005%). If the spread goes back, that is −$8 on $10k: about 2.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AVAX-USD	10.992	0	get 0.0000% / 1h	23m 04s	$84K	$157K	10x
Short	HTX AVAX-USDT	10.982	0.0100	get 0.0100% / 8h	4h 23m	$348K	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against dYdX. 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 dYdXbpFee HTXbpOrdersPrice spread, now −0.087%Rate

Funding earned: $21
Price spread: −0.087% → −0.005%: −$8.21
Slippage, 4 orders: −$226.77
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$235.98
Costs to cover: 2.488%
Break-even: 85.7 days

Slippage from dYdX: live order book, 10 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 dYdX live order book, 10 min ago	74.43 bp	89.3 bp −$89	214.0 bp −$2,140	234.3 bp −$23.4K	236.1 bp −$118.1K
Sell HTX live order book, 5 min ago	22.16 bp	31.5 bp −$31	131.6 bp −$1,316	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
Nado AVAX-PERP	−0.0304%	1h	10.983	−0.078%	$314K	$968K	10x	as long as short
Variational Omni AVAX	−0.0276%	8h	10.965	−0.243%	$2.9M	$2.0M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0204%	1h	10.997	+0.044%	$5.2M	$10.0M	25x	as long as short
Bybit AVAXUSDT	−0.0099%	8h	10.995	+0.026%	$86.2M	$149.4M	75x	as long as short
OKX AVAX-USDT-SWAP	−0.0065%	8h	10.996	+0.035%	$19.3M	$145.4M	50x	as long as short
Gate AVAX_USDT	−0.0061%	8h	10.994	+0.017%	$12.0M	$40.3M	75x	as long as short
Backpack AVAX_USDC_PERP	−0.0044%	1h	10.996	+0.035%	$298K	$543K	15x	as long as short
SoDEX AVAX-USD	−0.0028%	1h	10.996	+0.035%	$18K	$72K	10x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	10.992	long leg	$84K	$157K	10x
Coinbase International AVAX-PERP-INTX	0.0000%	1h	10.993	+0.008%	$810K	$8.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.997	+0.044%	$12K	—	150x	as long as short
Phemex AVAXUSDT	+0.0014%	8h	10.995	+0.026%	$29.4M	$4.9M	50x	as long as short
Bitget AVAXUSDT	+0.0028%	8h	10.994	+0.017%	$33.5M	$63.3M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.970	−0.201%	$17K	$68K	12x	as long as short
MEXC AVAX_USDT	+0.0034%	8h	10.996	+0.035%	$49.8M	$114.8M	200x	as long as short
BingX AVAX-USDT	+0.0034%	8h	10.995	+0.026%	—	$94.0M	—	as long as short
Binance AVAXUSDT	+0.0036%	8h	10.997	+0.044%	$117.7M	$550.8M	75x	as long as short
Aster AVAXUSDT	+0.0037%	8h	10.993	+0.006%	$2.2M	$2.1M	75x	as long as short
Extended AVAX-USD	+0.0040%	1h	10.993	+0.006%	$647K	$2.3M	25x	as long as short
Paradex AVAX-USD-PERP	+0.0060%	8h	10.983	−0.079%	$12K	$766	20x	as long as short
Lighter AVAX	+0.0072%	1h	10.995	+0.026%	$1.2M	$3.1M	10x	as long as short
Aevo AVAX-PERP	+0.0088%	1h	10.992	+0.004%	$252K	—	3x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.989	−0.028%	$16K	$740K	50x	as long as short
Pacifica AVAX	+0.0100%	1h	10.993	+0.006%	$297K	$136K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.995	+0.026%	$15.5M	$25.3M	75x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.973	−0.174%	$351K	$819K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.976	−0.147%	$177K	$705K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.989	−0.028%	$114K	$473K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.002	+0.090%	$207K	$328K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.015	+0.211%	$12K	$694K	20x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	10.982	−0.087%	$348K	$1.2M	75x
BloFin AVAX-USDT	+0.0143%	8h	10.992	−0.001%	$5.0M	$9.3M	100x	as long as short
Hyperliquid AVAX	+0.0178%	1h	11.011	+0.172%	$40.9M	$59.6M	10x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	10.987	−0.042%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0339%	1h	11.007	+0.131%	$4.6M	$14.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0409% / S −0.0244%	1h	10.995	+0.029%	$237K	—	120x	as long as short