Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0309%/8hpaid last 24h −0.083%

Price spread now: HTX against GMX−0.116%7-day average −0.074% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.283%−$28 on $10k

Price spread, last 3 days (all we have)+0.084%+$8 · spread now −0.116%, 7d avg −0.074%

Together, before fees−0.199%−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and HTX is 0.042% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.074%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	10.995	L +0.0409% / S −0.0244%	pay 0.0051% / 1h	22m 27s	$237K	—	120x
Short	HTX AVAX-USDT	10.982	0.0100	get 0.0100% / 8h	4h 22m	$348K	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against GMX. 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 GMXbpFee HTXbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$64.89
Price spread: −0.116% → −0.074%: −$4.24
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$93.13
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; HTX: live order book, 1 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell HTX live order book, 1 min ago	24.19 bp	34.7 bp −$35	83.8 bp −$838	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.107%	$314K	$968K	10x	as long as short
Variational Omni AVAX	−0.0276%	8h	10.965	−0.272%	$2.9M	$2.0M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0204%	1h	10.997	+0.015%	$5.2M	$10.0M	25x	as long as short
Bybit AVAXUSDT	−0.0094%	8h	10.994	−0.012%	$86.2M	$149.0M	75x	as long as short
OKX AVAX-USDT-SWAP	−0.0066%	8h	10.993	−0.021%	$19.2M	$145.2M	50x	as long as short
Gate AVAX_USDT	−0.0056%	8h	10.995	−0.003%	$12.0M	$40.3M	75x	as long as short
Backpack AVAX_USDC_PERP	−0.0044%	1h	10.996	+0.006%	$298K	$543K	15x	as long as short
SoDEX AVAX-USD	−0.0028%	1h	10.996	+0.006%	$18K	$72K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.004	+0.075%	$84K	$157K	10x	as long as short
Coinbase International AVAX-PERP-INTX	0.0000%	1h	10.993	−0.021%	$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	+0.015%	$12K	—	150x	as long as short
Phemex AVAXUSDT	+0.0014%	8h	10.995	−0.003%	$29.4M	$4.9M	50x	as long as short
Bitget AVAXUSDT	+0.0028%	8h	10.994	−0.012%	$33.6M	$63.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.970	−0.230%	$17K	$68K	12x	as long as short
BingX AVAX-USDC	+0.0034%	8h	11.000	+0.043%	—	$6.5M	—	as long as short
MEXC AVAX_USDT	+0.0035%	8h	10.997	+0.015%	$49.8M	$114.8M	200x	as long as short
Binance AVAXUSDT	+0.0036%	8h	10.999	+0.031%	$117.7M	$550.3M	75x	as long as short
Aster AVAXUSDT	+0.0037%	8h	10.999	+0.030%	$2.2M	$2.1M	75x	as long as short
Extended AVAX-USD	+0.0040%	1h	11.001	+0.051%	$647K	$2.3M	25x	as long as short
Paradex AVAX-USD-PERP	+0.0060%	8h	11.001	+0.049%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0072%	1h	10.996	+0.005%	$1.2M	$3.1M	10x	as long as short
Aevo AVAX-PERP	+0.0088%	1h	10.992	−0.025%	$252K	—	3x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.997	+0.015%	$16K	$740K	50x	as long as short
Pacifica AVAX	+0.0100%	1h	11.002	+0.058%	$297K	$136K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.996	+0.006%	$15.5M	$25.3M	75x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.973	−0.203%	$351K	$819K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.976	−0.176%	$177K	$705K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.998	+0.025%	$114K	$473K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.002	+0.061%	$207K	$328K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.015	+0.182%	$12K	$694K	20x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	10.982	−0.116%	$348K	$1.2M	75x
BloFin AVAX-USDT	+0.0143%	8h	10.992	−0.030%	$5.0M	$9.3M	100x	as long as short
Hyperliquid AVAX	+0.0178%	1h	11.010	+0.135%	$40.9M	$59.6M	10x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	10.992	−0.027%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0339%	1h	11.007	+0.102%	$4.6M	$14.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0409% / S −0.0244%	1h	10.995	long leg	$237K	—	120x